If there's an economic recession this year, how will that impact my home care agency?
Short answer: it'll put some pressure on you in terms of getting/keeping clients but it's likely to have an overall net positive effect on your business because it would alleviate caregiver shortages.While there's no one-size-fits-all answer, here are some facts and factors to consider.Another recession would almost certainly be easier on home care providers than the COVID-19 recession in 2020. That recession was an anomaly because it reduced demand while also reducing availability of workers - an effect that runs counter to "normal" recessions.According to Stephen Tweed, founder of Leading Home Care and the Home Care CEO Forum, "major economic upheaval has not had a significant impact on the home care industry," based on his experience working in home ca... Click to view the full answer from our home care industry expert.