Published By : 11 May 2016 | Published By : QYRESEARCH
According to a research conducted by the Australian Catholic University, there was a five percent reduction in the number of patients that had died at home while under the watch of home health care services. This was based in comparison to the number of patients that had died in conventional care, i.e. those who were registered in healthcare organizations. The study was conducted by Professor Simon Stewart, and it included a survey of 1,226 patients from all over Australia. As stated in the findings, out of the 614 patients placed in standard care, 124 had died of illness, about 20%. Of the 612 patients that were under home care services, 15%, or 94 patients, had died of illness.
These statistics may not be concrete proof that show how home care services is a big business, but the rising demand for these services tells a whole other story.
Sharp Rise in Home Care Services Costs
The global market for home healthcare services is currently burdened with high labor costs and other expenses and taxes. As a result, most service providers have no option but to make steep hikes in their service rates across the world. There is a large percentage of patients that will not be able to afford these high costing services for long, putting their health and lives in jeopardy. This applies to both skilled and non-skilled home healthcare aide rates. Within the U.S., this applies especially to North and South Dakota, Wyoming, Oklahoma, Nebraska, Kansas, Delaware, Iowa, and California.
California Home Care Aides Get Relied as Minimum Wage Increased
It is true that a large portion of the unskilled labor in the U.S. home healthcare market is working on minimum wage. The new wage laws in California are aiming for a gradual increment in minimum wages, which is planned out to reach US$15 per hour by 2023 for small workplaces as well as businesses with more than 25 employees.
In other parts of the world, the home healthcare services market continues to rise due to a growing population of the elderly, along with rising disposable incomes and increasing healthcare expenditures.