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Start your own home care business opportunity

What is Home Care?



Seniors who want to stay in their own homes look for outside assistance with daily tasks, such as preparing meals, housekeeping, and managing personal hygiene. Seniors who are no longer able to drive may seek out reliable transportation to medical appointments, social functions or shopping expeditions.

Services are available for people in need of assistance with the essential activities of daily living (ADLs) such as eating, stand-by assistance with bathing, stand-by assistance dressing, and carrying out basic household duties. Services may also be provided for those who are recovering, disabled, and chronically or terminally ill people who require non-medical treatment.

Over the next 20 years, the senior population is expected to double to 70 million, or 20% of the U.S. population. At the same time, more and more seniors are electing to stay in their own homes for longer periods of time, rather than move into assisted living facilities.

"Since many aging adults are realizing that treatment can be more effective in familiar settings, the desire to age in place [at home] and live independently for as long as possible has created a dynamic home care industry, including a variety of providers."
- recent MetLife study on aging
A vast majority of adult children live several hundred miles away from their parents, which makes providing assistance extremely difficult.
Never before in the history of our country have there been so many seniors who need home care and so many who also have the resources to pay for that care.
84% of all seniors recently surveyed by AARP said they want to stay home as long as possible. You could possibly represent the link to making that home care dream a reality in your community.

The trends reveal an abundance of new opportunities for entrepreneurs who want to combine caring with nursing. Baby boomers - members of the generation born between 1946 and 1964 - are approaching 60. By the year 2020, 1 in 4 people in the United States will be over the age of 65. The elderly population is increasing at nearly twice the rate of the general population - the 85-plus segment will swell more than 33 percent by 2010.
Considering starting a business serving this market?
Then you must know how urgent the need is for senior services

The evolving needs of older generations are having a major influence on what resources are necessary to prepare for the social and economic impact of the “Senior Boom”.

As people grow older, their needs and lifestyles change. There comes a time when even healthy, able-bodied seniors want to move from their larger homes into smaller ones that are easier to care for, or they may consider retirement communities. As their physical abilities naturally decline, seniors who want to stay in their own homes look for outside assistance with daily tasks, such as preparing meals, housekeeping, and managing personal hygiene. Seniors who are no long able to drive may seek out reliable transportation to medical appointments, social functions or shopping expeditions. And when seniors are no longer able to live alone, they may move in with family members or relocate to an assisted living facility. Almost 6.5 million seniors currently need assistance with their daily activities, and this number is expected to double by 2020.
. "With new programs such as reverse mortgages, VA benefits, long-term care insurance, and access to state and local programs such as Medicaid, many more families are able to afford quality home care for their loved ones."
Home care encompasses a broad array of health and social services that are delivered directly to a patient at his or her home. Services are available for people in need of assistance with the essential activities of daily living (ADLs) such as eating, bathing, dressing, and carrying out basic household duties, as well as for recovering, disabled, and chronically or terminally ill people who require medical or therapeutic treatment.

Home care services may also be obtained from private-duty agencies, registries, and durable medical equipment companies and supply dealers. Home Health agencies supply skilled and highly supervised Medicare-certified care through licensed and regulated professionals.
The Advantages of Home Care


Home care is appropriate for people who require ongoing care but wish to avoid hospitalization and maintain their independence. More often than not, Homemakers, Companions and Aides assist the patient's primary caregiver with duties they cannot solely provide.

A wide range of medical and non-medical services are available through home care, and providers offer therapy options that can be carried out by a variety of professionals. While services for the treatment of medical conditions must be prescribed by a physician, supportive services - such as those offered by companions - do not require a physician's clearance.

Home health aides assist patients with ADLs, while homemakers perform light chores to help maintain a patient's home, but do not offer direct, hands-on personal care. Caregivers and Companions play a crucial role in improving the quality of life for those who are not chronically ill, yet require some type of supervision and assistance with daily living. The Census 2000 reports that the current year value of companion services is estimated at $6.4billion and is expected to increase dramatically as the Baby Boomer generation continues to age.
Our country is on the verge of a demographic revolution.

We have an elderly population that is increasing in size and living longer than ever before. Additionally, this population not only needs care, they also have the income to pay for it.
Home Care Companion Agencies can be an excellent source of income
 
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