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home health care

Best Buy divests home health care unit -- back to founder

06/25/2025

Best Buy (NYSE:BBY) sells back its home care technology unit, Current Health, which it acquired in 2021 for $400 million, to its co-founder Chris McGhee.

Current Health specializes in technology that enables hospital-at-home and at-home care models, with McGhee expressing his intention to build Current Health into "the world’s largest healthcare organization" focused on shifting more healthcare into home and community settings.

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Future of AI in Home Care-New report published today

Future staffing demand will force industry to rethink care strategies. According to BLS, the industry will need 4.5 million care workers by 2029 to meet the demands of older adults. According to an Argentum staffing report, in 2025 alone another 347,000 caregivers are needed for memory care. The home care and senior living industries draw from the same population of prospective workers. Home care and home health care demand will drive 21% job growth by 2033, but 59% of agencies will experience shortages. What else will help address care needs?

Future of AI in home care: behavior in the home will be used as a vital sign

Future staffing demand will force industry to rethink care strategies. According to BLS, the industry will need 4.5 million care workers by 2029 to meet the demands of older adults. According to an Argentum staffing report, in 2025 alone another 347,000 caregivers are needed for memory care. The home care and senior living industries draw from the same population of prospective workers. Home care and home health care demand will drive 21% job growth by 2033, but 59% of agencies will experience shortages. What else will help address care needs?  

Can AI help address future home care worker shortages?

Lifespan versus healthspan – a worrisome difference of 12.4 years in the US.  While many older adults may live longer, well into their 80’s, they may be living with chronic diseases such as diabetes, heart disease and cancer. That difference, known as healthspan, may be as much as 12.4 years in the US, the worst globally, according to a 2024 Mayo Clinic global studyFuture staffing demand will force industry to rethink care strategies. According to BLS, the industry will need 4.5 million care workers by 2029 to meet the demands of older adults. According to an Argentum staffing report, in 2025 alone, another 347,000 caregivers are needed for memory care.  The home care and senior living industries draw from the same population of prospective workers. Home care and home health care demand will drive 21% job growth by 2033, but 59% of agencies will experience shortages.

Five observations from The Future of AI and Home Care research

Executives see the possibilities for AI in home care. Home care and home health care are labor intensive industries. Hands-on work is historically preceded and followed by paper-based documents and tracking tools. However, it is increasingly likely that home care companies will move quickly past ‘Year One’ of AI as the labor-saving benefits are seen and realized. Interviewees, including agencies and tech firms, note the changes underway. Some are engaged in various pilot projects of AI-enabled tools, others are doing implementations, still others are already deployed. For example, report discussions surfaced the following:

The Future of AI and Home Care - launching a new report

Home care is a labor-intensive business. And as everyone can see, labor is increasingly a scarce resource, likely to seem ever more scarce -- as the boomers age into their 80’s and beyond, their population outpacing the growth of the care workforce. While there are many articles that will describe the 'aging tsunami' and worrisome lack of workers to care for the oldest, few technology solutions have entered this market up to now. How can AI tools participate appropriately in home care and home healthcare?  What are some of the circumstances that make this the right time to consider? And what are examples that indicate potential?  Suggestions of offerings and interviewees are welcome.

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