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However, there was a marked jump from 1980 to 1990 and 2000. Thereafter, the costs rose by as much as a billion dollars or more annually from 2005.  ",[880],{"type":129,"attrs":881},{"color":12},{"type":18,"content":883},[884,889,898],{"text":885,"type":22,"marks":886},"According to Statista, it is projected that the revenue from home healthcare services in the US will amount to approximately ",[887],{"type":129,"attrs":888},{"color":12},{"text":890,"type":22,"marks":891},"$100 billion by 2024",[892,895,897],{"type":31,"attrs":893},{"href":894,"uuid":34,"anchor":34,"target":851,"linktype":36},"https://www.statista.com/forecasts/311199/home-health-care-services-revenue-in-the-us",{"type":129,"attrs":896},{"color":12},{"type":855},{"text":899,"type":22,"marks":900},". In 2000, home healthcare expenditures amounted to some 32 billion U.S. dollars. By 2019, this figure had increased to over $113 billion.  ",[901],{"type":129,"attrs":902},{"color":12},{"type":18,"content":904},[905],{"text":906,"type":22,"marks":907},"Looking at the year ahead, the home care sector is expected to see increased merger and acquisition (M&A) activity in 2024, driven by the sector's adaptation to macroeconomic factors and strategic growth initiatives. ",[908],{"type":129,"attrs":909},{"color":12},{"type":764,"attrs":911,"content":912},{"level":766},[913,918],{"text":914,"type":22,"marks":915},"How much does home healthcare really cost?",[916],{"type":129,"attrs":917},{"color":12},{"text":774,"type":22,"marks":919},[920],{"type":129,"attrs":921},{"color":778},{"type":18,"content":923},[924,929,938],{"text":925,"type":22,"marks":926},"The ",[927],{"type":129,"attrs":928},{"color":12},{"text":930,"type":22,"marks":931},"median cost of home healthcare services",[932,935,937],{"type":31,"attrs":933},{"href":934,"uuid":34,"anchor":34,"target":851,"linktype":36},"https://thekey.com/learning-center/in-home-care-cost#:~:text=The%20National%20Average%20Cost%20of%2024%2F7%20In%2DHome%20Care&text=According%20to%20the%20latest%20Cost,week%2C%20or%20%2418%2C144%20per%20month.",{"type":129,"attrs":936},{"color":12},{"type":855},{"text":939,"type":22,"marks":940}," in the US is approximately $30 per hour.  ",[941],{"type":129,"attrs":942},{"color":12},{"type":18,"content":944},[945],{"text":946,"type":22,"marks":947},"If those services were to be provided on a 24/7 basis (which they often are), costs would amount to $4,536 per week or $18,144 per month.  ",[948],{"type":129,"attrs":949},{"color":12},{"type":18,"content":951},[952],{"text":953,"type":22,"marks":954},"However, this amount can vary depending on location, state, and the level of care being provided to a client.  ",[955],{"type":129,"attrs":956},{"color":12},{"type":18,"content":958},[959],{"text":960,"type":22,"marks":961},"Home healthcare costs have several contributing factors. ",[962],{"type":129,"attrs":963},{"color":12},{"type":18,"content":965},[966,971,980],{"text":967,"type":22,"marks":968},"Firstly, there are various ongoing Medicare home health payment changes to consider. 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This is likely to continue pushing up healthcare costs, including those associated with home healthcare services. ",[1032],{"type":129,"attrs":1033},{"color":12},{"type":764,"attrs":1035,"content":1036},{"level":766},[1037,1042],{"text":1038,"type":22,"marks":1039},"What are the challenges of assistance programs?",[1040],{"type":129,"attrs":1041},{"color":12},{"text":774,"type":22,"marks":1043},[1044],{"type":129,"attrs":1045},{"color":778},{"type":18,"content":1047},[1048],{"text":1049,"type":22,"marks":1050},"Assistance programs can be expensive to set up and maintain, creating challenges for organizations trying to implement comprehensive home healthcare initiatives.  ",[1051],{"type":129,"attrs":1052},{"color":12},{"type":18,"content":1054},[1055],{"text":1056,"type":22,"marks":1057},"For example, when comparing government to commercial payer profit pools, there are a number of hurdles that home healthcare services need to clear.  ",[1058],{"type":129,"attrs":1059},{"color":12},{"type":18,"content":1061},[1062,1067,1076],{"text":1063,"type":22,"marks":1064},"Due to a lack of funds, government funding is not always adequate, nor is it available to everyone who needs it. 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Home health agencies face ",[1086],{"type":129,"attrs":1087},{"color":12},{"text":1089,"type":22,"marks":1090},"significant regulatory demands",[1091,1094,1096],{"type":31,"attrs":1092},{"href":1093,"uuid":34,"anchor":34,"target":851,"linktype":36},"https://www.carevoyant.com/",{"type":129,"attrs":1095},{"color":12},{"type":855},{"text":1098,"type":22,"marks":1099}," and reimbursement challenges, including reductions from Medicare, Medicaid, and managed care companies, which could put pressure on cost and service availability.  ",[1100],{"type":129,"attrs":1101},{"color":12},{"type":764,"attrs":1103,"content":1104},{"level":766},[1105,1110],{"text":1106,"type":22,"marks":1107},"What does the future of home healthcare look like?",[1108],{"type":129,"attrs":1109},{"color":12},{"text":774,"type":22,"marks":1111},[1112],{"type":129,"attrs":1113},{"color":778},{"type":18,"content":1115},[1116,1121,1129],{"text":1117,"type":22,"marks":1118},"One of the most talked about projected outcomes 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healthcare?",[1173],{"type":129,"attrs":1174},{"color":12},{"text":774,"type":22,"marks":1176},[1177],{"type":129,"attrs":1178},{"color":778},{"type":18,"content":1180},[1181,1186,1195,1200,1209],{"text":1182,"type":22,"marks":1183},"About ",[1184],{"type":129,"attrs":1185},{"color":12},{"text":1187,"type":22,"marks":1188},"six in ten caregivers",[1189,1192,1194],{"type":31,"attrs":1190},{"href":1191,"uuid":34,"anchor":34,"target":851,"linktype":36},"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4521465/",{"type":129,"attrs":1193},{"color":12},{"type":855},{"text":1196,"type":22,"marks":1197}," (63%) providing home healthcare services are ",[1198],{"type":129,"attrs":1199},{"color":12},{"text":1201,"type":22,"marks":1202},"paid by personal 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home care services is strongly related to older people’s economic resources, in all income groups, at least 65% of services are provided by caregivers paid in whole or in part from personal sources.  ",[1233],{"type":129,"attrs":1234},{"color":12},{"type":18,"content":1236},[1237],{"text":1238,"type":22,"marks":1239},"In fact, almost all (97%) home care received by those with family incomes over $75,000 per year is financed by personal sources alone.  ",[1240],{"type":129,"attrs":1241},{"color":12},{"type":764,"attrs":1243,"content":1244},{"level":766},[1245,1250],{"text":1246,"type":22,"marks":1247},"Get expert financial advice",[1248],{"type":129,"attrs":1249},{"color":12},{"text":774,"type":22,"marks":1251},[1252],{"type":129,"attrs":1253},{"color":778},{"type":18,"content":1255},[1256],{"text":1257,"type":22,"marks":1258},"Home healthcare service is one of the most effective ways to treat senior or disabled patients who need 24-hour care. 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