Home health agencies are making their mark on the US economy
Home health agencies continued to make a major contribution to the U.S. economy last year, despite headwinds caused by the COVID-19 pandemic.
Overall, home health agencies contributed 1.49 million jobs in 2020, according to the most recent home health charting book, released annually by the Alliance for Home Health Quality and Innovation (AHHQI) in collaboration with Avalere.
While agencies had a significant impact on the US labor market last year, it was not as pronounced as in 2018 and 2019. In those two years, home health agencies have contributed to 1.5 million jobs and 1.54 million jobs, respectively.
To some extent, the job losses experienced by the home health industry may have been linked to the departure of clinicians and staff from the labor market due to burnout induced by COVID or others. challenges. Labor shortages have become increasingly problematic for most providers, especially on the nursing side.
“The labor shortage is not a new crisis,” David Totaro, director of government affairs for Bayada Home Health Care, based in Moorestown, New Jersey, said in August. “It took decades of preparation. However, from the start of the pandemic until now, Bayada has seen an unprecedented increase in the health worker shortage in New Jersey. “
In order, New York, Texas, California, and Florida had the most home care workers in 2020.
In terms of salaries, AHHQI and Avalere estimate that home health agencies in the United States paid $ 52.34 billion in total salaries in 2020. The estimated impact of the home care payroll on the income of the work that year was $ 82.04 billion.
Meanwhile, estimated home health care spending in 2020 was $ 53.49 billion. The estimated impact on home health care spending on production was $ 112.57 billion.