Due to the vital role of the Nursing Care Facilities industry, revenue expanded over the past five years despite broad economic stagnation. The aging of the American population as the baby boomer generation enters retirement age has spurred demand for industry services. Despite this favorable demographic trend, declining reimbursements from Medicare and Medicaid have hindered growth, as have federal policies aimed at shifting care for the elderly from nursing homes within the industry to at-home managed care and community care services. These trends are expected to continue over the next five years, and industry operators will likely revise their business models in response to regulatory changes and cost pressures.
This industry provides living quarters, inpatient nursing and rehabilitation services for people with a chronic illness or disability. The care is usually provided for an extended period to individuals who require help with day-to-day activities but do not need to be in a hospital.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.