Leading up to the 21st century, more people relied on hospitals and nursing homes, even when they required long-term care and support. There was transitioning going on before 2000, but since them the number of jobs within the home health care field in New York has doubled.
The vast majority of the jobs created within this industry were in the private sector and as it’s anticipated to remain the number one job creator in the country through 2024 and possibly beyond, the trend has proven lucrative for some businesses.
While the average business industry throughout the state has witness about a 1 percent growth rate over a fourteen year period (2000 through 2014), not including government jobs, the in the health care sector has seen a 24 percent growth statewide.
Home health care demand continues to grow and it is expected to remain that way through 2030 as the Baby Boomer generation retires and begins relying on these types of services to help them cope with diminishing strength, balance, and increasing health issues.
According to the [Albany] Times Union, in the article, UAlbany study: In N.Y. home health and outpatient jobs lead growing medical sector, it was noted:
“In keeping with the demand generated by aging baby boomers, jobs are growing faster in health care than any other industry. About 12 percent of workers statewide are employed in health care.
Positions in home health and primary care are among the fastest-growing occupations in the state altogether. These include home health aides, personal care aides, nurse practitioners and physician assistants, according to the report.
While hospital jobs still account for more than 40 percent of health-care employment, acute-care facilities have added fewer new jobs compared to other medical settings.”
What is often left out in these reports, though, is the continued pressure on agencies and other home care companies to maintain higher wages for their primary caregivers. As the federal government continues to cut Medicaid reimbursement rates and while unions push for higher wages (New York will be increasing its minimum wage to $15 per hour), there will be added pressure on the industry to somehow keep people employed as caregivers while providing the support this population needs, and still somehow stay in business.
The home care industry is certainly growing as demand is growing, but without a direct and reasonable address of wages and reimbursements, it could all hit a wall before long.