Aging population triggers a boom in Senior Care and Homecare Franchise
Aging population triggers a boom in Senior Care and Homecare Franchise
Within 10 years there will be over 54 million people over the age of 65. That's almost 16% of the U.S. population. In fact, the number of Americans 65 and older is expected to more than double to 89 million by 2050, according to the Census Bureau. With the fact that according to AARP, 88% of its members want to age in their own homes, the entire home care service industry will only experience enormous growth for the next 50 years.
According to the National Alliance for Caregiving - "More than 65 million people, 29% of the U.S. population, provide care for a chronically ill, disabled or aged family member or friend during any given year and spend an average of 20 hours per week providing care for their loved one." Most Caregivers have full time jobs and children. They are under tremendous stress and need help on the caregiving front.
Studies show that an overwhelming number of senior citizens would prefer to stay in their homes versus live in a nursing home if given a choice. Homecare means more than just health and safety, it also means living well, with dignity in the most comfortable setting in the world - your home.
Senior Care and Homecare Industry - A Booming Market
In this day and age, we are all busier than ever you can be the beacon of light to many families. Many people today make up the "Sandwich Generation." They are trying to take care of their parents and their children at the same time. It can be an overwhelming situation at times.
According to a recent report released by Franchise Business Review
"Senior care/home healthcare is the newest "it" industry for franchise ownership. The report Senior Care and Home Healthcare Franchises looks at the fast-growing, multi-billion dollar senior care industry to assess the franchise investment opportunity. The services provided by franchises in this segment focus primarily around non-medical, in-home care for seniors, but some companies also offer skilled medical care, medical staffing for hospitals and other healthcare agencies, and home healthcare services to non-seniors."
Overall, the home health care services industry has experienced sales growth of 11.2% over the past year, making it the fastest growing industry in the U.S., according to Sageworks, a financial analysis company.
Get ready to make a real difference in the lives of many people. With a home healthcare and medical staffing franchise, you will make more possible for the families, their loved ones and healthcare facilities you care for. You will help others retain their dignity and remain as independent as possible. This is one of the few businesses where you can feel great about it and know that you will have an immediate and profound effect on many different people. The feeling we get when we are able to be of service to our clients is indescribable.
Additionally, there are over nine million families who live more than 100 miles away from their loved ones. You will help families know that while they cannot be there in person, their loved one will be receiving all the necessary care and they will be able to reach someone whenever they have a question.
Due to the increasing need for quality care for people of all ages, there is a shortage of healthcare staff such as nurses. You will be able to help corporate clients maintain their healthcare staffing levels and meet the needs of those entrusted to their care. That means your homecare and medical franchise will be able to reach and make more possible for a larger number of clients and have the opportunity to achieve higher revenues.
Range of Services
Senior Care and home Healthcare Franchisees usually provide medical/non-medical homecare to seniors at home and some of them serve multiple market segments like skilled medical care, childcare and medical staffing services.
Medical Staffing is about more than just having the number of people you need. It's about having access to the people you want dedicated, experienced professionals of the highest quality. They provide personnel to hospitals, nursing homes, doctors' offices, labs and anywhere healthcare staff is needed. They also deliver skilled care to patients one on one in their home or wherever they need care through their network of national account partners. National Account services range from insurance assessments and IV infusion therapy to home health, in addition to delivering flu clinic services to Corporate, commercial and retail clients.
LifeCare services range from elder care and adult homecare services to skilled nursing services and nursing home care. LifeCare services are available on a daily, weekly, part-time or live-in basis to adults 18 years old to seniors.
Apart from Life Care Services, professionals are also dedicated to child care services that include sitter services, in-home pediatric care for children with special needs and care for children with physical or mental disabilities and high-tech homecare for kids with a wide range of disorders, including respiratory, neurological and cardiovascular conditions and more.
By 2012, in the U.S., there will be over 40 million people over the age of 65. Right now, 7000 people a day turn 65. People over 85 represent the fastest growing population segment and the wealthiest. Studies indicate that 75% of the wealth in the U.S. is controlled by senior citizens.
BrightStar provides full continuum of home care for adults and seniors in their homes, well and sick childcare and a full range of medical staffing services. If you're ready to make a difference, help families and achieve financial freedom, then you are ready to learn more about BrightStar. Take charge of your future.
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