McKnight’s Senior Living April 17, 2024
Rates for both nursing home care and home healthcare grew more slowly in March than in February, according to Altarum’s monthly Health Sector Economic Indicators brief, released Tuesday.
Nursing home rates increased by 4%, year over year, compared with 4.4% in February, while rates for home healthcare grew by 3.1%, down from 3.4% in February, George Miller, Altarum fellow and senior researcher, told the McKnight’s Business Daily on Tuesday.
“The March 2024 price increases were also lower than for the same period in the previous year, particularly for nursing homes: Year-over-year nursing home prices in March 2023 grew by 7%, while prices for home healthcare grew by 3.3%,” Miller said.
According to the report, national health spending in...
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