By FRED PACE, The Herald-Dispatch
BARBOURSVILLE — As the older population continues to grow at an unprecedented rate in the United States, and particularly in the Tri-State region, those in need of home health care services is rising as well.
Almost $103 billion was spent on home health care in the United States in 2018, and that number will reach nearly $173 billion by 2026, according to an analysis from the Centers for Medicare & Medicaid Services (CMS) Office of the Actuary. The annual growth rate for home health spending is predicted to be 6.7% by 2020, which is higher than any other health care category tracked, according to the report.
That all means an expanding market for the home health care industry, and Village Caregiving, based in Barboursville, is feeling the effects. It continues to grow and expand its footprint in the Tri-State region with new offices and hundreds of new jobs.
“Just over the past year, we have experienced 60% growth in patients and revenue,” said Jeff Stevens, one of the partners of the business. “We have been fortunate to experience growth organically, through acquisitions, expanding into new locations, and by exploring new alternative programs that provide revenue.”