Long term care facilities and organizations provide reliable care for elderly patients in the absence of capable family members or other caretakers. LTC centers offer diverse options for a wide variety of patients in order to deliver the types of care that best fits the medical and financial needs of an individual.
As the general population ages, LTC facilities and organizations will likely move into the spotlight when it comes to patient care. Chronic illnesses like diabetes, heart disease, and dementia can leave some elderly patients unable to properly manage their medical needs alone, leaving them reliant on these external care providers and leading to a growing market.
All statistics and other intelligence from Definitive Healthcare's platform on long term care unless otherwise noted. The Long-Term Care platform includes insights on skilled nursing facilities (SNFs), home health agencies (HHAs), hospices, and assisted living facilities (ALFs).
Skilled nursing facilities
16,958: number of active SNFs in the U.S.
2.7 percent of SNFs participating in the Bundled Payment for Care Improvement (BPCI) initiative
$9,639,883.40: average reported net patient revenue of SNFs in the U.S.
8 percent of SNFs are affiliated with an accountable care organization (ACO)
174,415: number of "generalized muscle weakness" (ICD-10 code M6281) diagnoses from SNFs in 2017 -- the most common claim
Home health agencies
15,402: number of active HHAs in the U.S.
Texas reported the highest number of in-state HHAs with nearly 2,400
30 percent of active HHAs received an HCAHPS rating of 3 stars or above
212,043,713 HHA visits were reported in 2017
2,884 HHAs report an affiliation with at least one SNF, hospice, or ALF
6,454 number of hospices in the U.S.
$507,806,248: reported Medicare payments to VITAS Healthcare of Florida Brevard, the highest of any U.S. hospice
69.9 percent of hospices report being part of a health system or IDN
1,535 hospices reported a net income of $5 million or greater
56.1 percent of hospices report quality data to Hospice Compare
Assisted living facilities
40,015: number of ALFs in the U.S.
6.7percent of ALFs report bed counts of over 100
Brookdale Senior Living is the network containing the most ALFs with over 760 facilities
21,989 ALFs reported a CBSA population of more than 1 million patients in 2018
Looking for more information on how you can use healthcare market intelligence to achieve your business goals? Sign up for a free trial of Definitive Healthcare's comprehensive Long-Term Care platform and discover how you can:
Identify ideal targets using financial, clinical, and patient population metrics
Segment your market by region using CBSA, state, or zip codes
Analyze quality measures to understand a facility's care quality and potential pain points
Understand affiliations and network hierarchies between care centers
ABOUT THE AUTHOR
Alanna Moriarty is a healthcare industry writer and content strategist. As the Content Marketing Manager for Definitive Healthcare, she most enjoys connecting the dots between data and care delivery. ...