Home Health & Hospice

New UPS survey reveals home health as an untapped opportunity for global healthcare leaders

Homecare Insider, September 29, 2014

While the global healthcare industry continues to faces complex regulations and challenging economic conditions, healthcare leaders see the home health market as an untapped opportunity for increased growth.
According to UPS’ seventh annual Pain in the (Supply) Chain survey, entitled “Embracing Risk: It’s Time to Capitalize on Untapped Opportunities,” healthcare providers are embracing patient-centric care models by turning to “decentralized care options,” including home health, to deliver better service at lower costs to an increasingly informed patient population.
Of the more than 530 healthcare executives from the U.S. and Canada, Western Europe, Asian, and Latin America who were surveyed, 21% cite the shift to home healthcare as a key trend driving business and supply chain changes. Respondents also report that 30% of products will support the home health channel in the next seven to 10 years.
Despite the opportunities leaders see in home health, North American executives still feel bogged down by regulatory complexities and the lingering effects of the Great Recession. In the U.S. specifically, supply chain leaders are less optimistic about the economy than any other respondents globally, with 60% reporting they still feel the effects of the recession.
The 2014 UPS Pain in the (Supply) Chain survey was a blind, in-depth phone survey conducted by global market research services provider TNS, on behalf of UPS, between January and March 2014.

Read the full report here.