Fifty-nine percent of chief financial officers at healthcare organizations in a recent survey identified home care as a priority investment for 2021, indicating that the demand for home-based care likely will continue to grow.
The BDO survey included 100 CFOs at healthcare organizations, including home health providers. Other priority investments, they said, included primary care (77%), post-acute residential care (61%) and virtual health (54%)
Meanwhile, almost half of those surveyed said they believe that COVID-19 will increase partnerships across the healthcare system (44%) and increase consolidation (42%).
Looking ahead, the CFOs demonstrated optimism about 2021 and beyond, with 77% forecasting an increase in profitability and revenue (70%).
Respondents represented a broad spectrum: healthcare/hospice, 12%; hospitals/healthcare systems, 24%; physician/provider groups, 23%; academic medical centers, 22%; independent outpatient/ambulatory services provider, 7%; behavioral health, 7%; and residential care/skilled nursing facility/long-term acute care hospital/rehab, 5%.