Total Expenses for Home Health Care Services, All Establishments
This dataset tracks total expenses for home health care services, all establishments over time.
Latest Value
5.10
Year-over-Year Change
41.67%
Date Range
4/1/2009 - 10/1/2023
Summary
The 'Total Expenses for Home Health Care Services, All Establishments' trend measures the total operating costs incurred by home health care providers in the United States. This metric is crucial for understanding the economic health and cost dynamics of the home health care industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This data series tracks the total expenses, including labor, supplies, and overhead, for all establishments providing home health care services in the U.S. It serves as an important indicator of the cost environment and financial pressures facing this vital sector of the healthcare system.
Methodology
The data is collected through surveys of home health care providers and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and industry analysts use this trend to assess the economic viability and cost pressures impacting the home health care market.
Key Facts
- Home health care expenses have grown by over 50% in the past decade.
- The home health care industry employs over 2.3 million workers in the U.S.
- Rising labor costs are a significant driver of increasing home health care expenses.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total operating expenses, including labor, supplies, and overhead, incurred by all establishments providing home health care services in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the economic health and cost dynamics of the home health care industry, which is a vital sector of the healthcare system.
Q: How is this data collected or calculated?
A: The data is collected through surveys of home health care providers and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to assess the economic viability and cost pressures impacting the home health care market.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Total Expenses for Home Health Care Services, All Establishments (EXP6216ALLEST157QNSA), retrieved from FRED.