INDUSTRY SEGMENTS

Home HealthCare Companies

Home Health Care Companies (HHCC’s) provide a wide range of health care services that can be given in your home for an illness or injury. Home Health Care is usually less expensive, more convenient, and just as effective as care you get in a hospital or skilled nursing facility (SNF).

 

Examples of skilled home health services include:

  • Wound care for pressure sores or a surgical wound
  • Patient and caregiver education
  • Intravenous or nutrition therapy
  • Injections
  • Monitoring serious illness and unstable health status

 

Assisted Living Facilities

A relatively new concept 25 years ago, today assisted living is the fastest growing long-term care option for seniors. Assisted living facilities, with their wide range of services, provide a senior housing solution for adults who can live independently, but also require some assistance. For many seniors, assisted living provides just the level of care they need to flourish and triumph in their new phase of life. After all, the golden years should be enjoyable-and assisted living has more options than ever before.

o Services Offered in Assisted Living

 

If you've seen one assisted living community, you've seen one assisted living community. Each state and province has different licensing and regulation requirements for assisted living providers, which affects the particular services offered at that community. For example, some assisted living facilities are attached to, or share a campus with, a skilled nursing facility. This means these types of communities can provide more advanced medical care. But, in general, assisted living communities provide basic medical monitoring as well as daily activities and care. Activities of daily living (ADLs) include dressing, eating, mobility, hygiene, bathing, toileting, using the telephone and shopping.

 

Here are some of the basic services offered in assisted living.

  • 24-hour supervision and security
  • Daily meals
  • Basic housekeeping
  • Laundry
  • Health and exercise programs
  • Social programs transportation
  • Access to medical services

 

Nursing Homes

A nursing home is a place for people who don’t need to be in a hospital but can’t be cared for at home. Most nursing homes have nursing aides and skilled nurses on hand 24 hours a day. Some nursing homes set up like a hospital. The staff provides medical care, as well as physical, speech and occupational therapy. There might be a nurses’ station on each floor. Other nursing homes try to be more like home. They try to have a neighborhood feel. Often, they don’t have a fixed day-to-day schedule, and kitchens might be open to residents. Staff members are encouraged to develop relationships with residents. Some nursing homes have special care units for people with serious memory problems such as Alzheimer’s Disease. Some will let couples live together. Nursing homes are not only for the elderly, but for anyone who requires 24-hour care.

 

HOSPITALS

Health care institution providing patient treatment with specialized medical and nursing staff and medical equipment.

  • The most popular type of Hospital is the “General Hospital,” which commonly has an emergency department to facilitate treatment of urgent health problems varying from cardiac arrest patients to fire & accident victims.
  • A “District Hospital,” is usually the predominant health care facility in its regions, with a large number of beds/rooms for patients who need and intensive care and additional beds for patients who need long term care.
  • “Specialized Hospitals” include Children’s Hospitals, Geriatric Hospitals, Trauma Centers, Rehabilitation Hospitals, as well as for treating specific medical needs such as psychiatric treatment (Psychiatric Hospital) and certain disease categories.

 

Specialized Hospitals can help reduce health care costs compared to general hospitals.

 

Funding for hospitals usually comes from the Public Sector, Nonprofit Health Organizations, For-Profit Health Organizations, Health Insurance Companies, or Charities.