Take care: A loose regulatory environment and an aging population will enable the industry to expand
Nursing Care Facilities in California
The Nursing Care Facilities industry in California has expanded over the past five years due to an aging population and an improving economy. Since the elderly are more prone to injury and illness, and therefore require more assistance with daily activities, this larger share of senior adults has propelled demand for nursing care facilities. At the same time, the industry has benefited from a growing economy and the associated increase in per capita disposable income among seniors in California, a positive development given that more than a quarter of all industry revenue is generated from out-of-pocket payments. Despite policy changes at the federal level, the relatively lax regulatory environment at the state level has allowed the industry to expand. Barriers to entry are especially low in California, as the state has discontinued its certificate of need regulations, which restraining health care facility costs by limiting the construction of new facilities.
This industry provides living quarters, inpatient nursing and rehabilitation services for people with a chronic illness or disability. The care is usually provided for an extended period to individuals who require help with day-to-day activities but do not need to be in a hospital.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Genesis HealthCare Corporation
- HCR ManorCare
- Kindred Healthcare Inc.
- Ensign Group Inc.
Methodology
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