Marketplace®

Daily business news and economic stories

Why Roto-Rooter cares how you die

Hospice care is now a $17 billion industry, and everybody is getting in the game

The Centers for Disease Control tells us that about 2.5 million people die in this country every year.

And 44 percent of those people are now dying in hospice care.

That’s surely a cultural change, but it’s also a business opportunity. Hospice care has become a $17 billion business.

Fran Smith wrote a book about hospice care called “Changing the Way We Die.”

She describes hospice care as the most successful part of the healthcare industry, and says it’s surprising who is getting into the game.

“More than half of hospice programs are run by for profit companies. All the growth in hospice over the past ten years has been in the for-profit sector. The company that owns Roto-Rooter, ChemEd, is the owner of the largest hospice chain in the country – Vitas.”

Related Topics

Tagged as:

Latest Episodes

View All Shows
  • Marketplace
    6 minutes ago
    26:08
  • Marketplace Morning Report
    7 hours ago
    7:08
  • Marketplace Tech
    13 hours ago
    11:03
  • Make Me Smart
    a day ago
    19:00
  • This Is Uncomfortable
    4 days ago
    56:05
  • Million Bazillion
    25 days ago
    32:45