Significant demographic shifts headed in opposite directions are placing a major strain on the healthcare industry.
First, the population of the United States is getting older. A May 2021 report projects that by 2040, the U.S. will be home to nearly 81 million adults age 65 or older, up from 54 million in 2019. As the nation gets older, its need for healthcare services grows.
However, the number of healthcare professionals available to care for this aging population is shrinking. The American Health Care Association and National Center for Assisted Living found in September 2021 that 59…
First, the population of the United States is getting older. A May 2021 report projects that by 2040, the U.S. will be home to nearly 81 million adults age 65 or older, up from 54 million in 2019. As the nation gets older, its need for healthcare services grows.
However, the number of healthcare professionals available to care for this aging population is shrinking. The American Health Care Association and National Center for Assisted Living found in September 2021 that 59…
