Competition in Long-Term Care

HCA333 Introduction to Long-Term Care

Introduction

All developed countries face uncertainty about how to cope with the anticipated growth of their aged populations regardless of whether care is provided in specialized residential settings (i.e., Long-Term Care Centers) or in individual's homes. In the past the long-term care market has never had to worry much about competition in the marketplace. In this paper I will discuss three different factors that drive competition within the long-term care market. I will also discuss the advantages and disadvantages of competition within the long-term care market. I will also address three different stakeholders perspectives. Faced with a changing marketplace it is important to address these...