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Healthcare Industry Vs Long Term Care

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Healthcare Industry Vs Long Term Care
Michelle,
I agree with you that the healthcare industry, particularly the Long Term Care sector is in the shakeout phase of the industry life cycle and may even be headed into the decline phase. However, I feel like the managed care sector of the healthcare industry is in the growth stage. Parnell (2014), describes the shakeout phase as a time when industry growth is no longer rapid enough to support the number of competitors. For example, take nursing facilities; the new push is for people to be able to live in the community and age in place if that is what they desire and it can be accomplished safely and cost effectively. Managed Care Organizations (MCOs) are making that happen in Tennessee. Nursing homes are feeling the crunch of lower
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