Home Healthcare sector mulls tapping colleges to quell manpower crunch

Home Healthcare is a $5 billion market opportunity, and is quickly lilely to double, according to Vishal Bali, co-founder and chairman of Medwell Ventures

With manpower shortage likely to be a major challenge in the near future, home healthcare companies are looking at different options to attract and retain talent in order mitigate this risk. The fledgling industry, which has very few multi-state players, expects the challenge to become acute in the next few years. 

Companies, including the industry leaders Portea and Nightingale, and major brands such as medical equipment maker Philips, are gearing up for this challenge with technology and emerging service models.

Higher remuneration and offers of restricted job hours to skilled personnel such as doctors and nurses are attracting manpower from large hospitals