Nursing Care Facilities
This article provides insightful industry analysis and research into the Nursing Care Facilities industry. This article discusses the definition, key industry products, and activities along with major industry trends. Understand the revenue model, a brief history of trends during the current century, and key challenges currently being faced by the Nursing Care Facilities industry.
What is Nursing Home?
A nursing home provides a type of residential care as they are places of residence for people who require constant nursing care and have significant deficiencies with activities of daily living. Nursing aides and skilled nurses are usually available 24 hours a day. Residents include the elderly and younger adults with physical or mental disabilities. Residents in a skilled nursing facility may also receive physical, occupational, and other rehabilitative therapies following an accident or illness. Some nursing homes assist people with special needs, such as Alzheimer patients.
What is Nursing Care Facilities Industry?
This industry comprises establishments primarily engaged in providing inpatient nursing and rehabilitative services. The care is generally provided for an extended period of time to individuals requiring nursing care. These establishments have a permanent core staff of registered or licensed practical nurses that, along with other staff, provide nursing and continuous personal care services. 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 who do not need to be in a hospital.
Nursing Care Facilities Industry Products:
- For-profit nursing homes
- Nonprofit nursing homes
- Government nursing homes and skilled nursing facilities
- For-profit skilled nursing facilities
- Nonprofit skilled nursing facilities
- Hospice centers
- Convalescent homes or convalescent hospitals (except psychiatric)
- Group homes for the disabled with nursing care
- Homes for the aged with nursing care
- Homes for the elderly with nursing care
- Nursing care facilities
- Nursing homes
- Rest homes with nursing care
- Retirement homes with nursing care
- Skilled nursing facilities
Nursing Care Facilities Industry Activities:
- Operating convalescent homes or convalescent hospitals (except psychiatric)
- Operating group homes with nursing care for the disabled
- Operating homes with nursing care for the aged
- Operating inpatient-care hospices
- Operating nursing homes
- Operating rest homes with nursing care
- Operating retirement homes with nursing care
- Operating skilled nursing facilities
- Operating other nursing care facilities
- Providing Room and board to Patients
- Monitoring of medication
- Personal care (including dressing, bathing, and toilet assistance)
- 24-hour emergency care
- Social and recreational activities
- Occupational Therapy
- Physical therapy
Trends and Challenges for Nursing Care Facilities Industry:
In recent years few nursing homes are beginning to change the way they are managed and organized to create a more resident-centered environment, so they are more "home-like" and less institutional or "hospital-like". In these homes, units are replaced with a small set of rooms surrounding a common kitchen and living room. The staff giving care is assigned to one of these "households". Residents have more choices about when they wake when they eat, and their schedule for the day. They also have access to pets. Some of the key trends seen in this industry are:
- The aging population creating demand
- Legislation changes impacting demand
- Availability of at-home nursing care at reduced costs
- Decreasing Medicaid and Medicare reimbursement rates
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