Description
We call it Healthcare Lite. They call it family or informal caregiving. We call them dual employees. They call them heroes of healthcare.
We see business revenues down, with estimates suggesting companies are losing up to 8% of annual revenues because of care relates wastes. They are just starting to talk about the impact on business, but we’ve been watching the trend for years. Caregiving doesn’t fit into billable hours for a medical practitioner’s revenue stream, so it doesn’t seem to count.
Over 70 million untrained and unmanaged caregivers are doing unpaid work in America that is simply considered a private family matter. The labor market is shrinking as employee-caregivers are being borrowed for an average of 5 years each.