Spending on home healthcare outpaces others for 4th consecutive month

Spending on home healthcare outpaces others for 4th consecutive month 
McKnights Senior Living; by Kathleen Steele Gaivin; 9/26/24 
Spending on home healthcare continued to outpace the rest of the sector in August, according to Altarum’s monthly Health Sector Economic Indicators brief, released Wednesday. “This is the fourth successive month in which we have observed such rapid growth. Year-over-year home healthcare spending growth for the four-month period from April through July was 19.7%,” George Miller, PhD, Altarum fellow and research team leader, told the McKnight’s Business Daily. Overall, healthcare costs were 2.7% higher last month than they were in August 2023 and 0.2% percent lower than they were in July, according to Altarum. ... Nursing and residential care employment, however, declined by 2,600 jobs in August. ...