Senior citizens these days are showing an increased tendency for in-home healthcare as compared to other options available, such as living in a nursing home or assisted-living facility.
This inclination the elderly have toward home healthcare has not remained ignored by businesspersons who are investing their money on this and on satisfying this substantial demand, which is expected to grow by quite a bit in the years to come as the enormous baby-boomer age bracket starts touching their retirement age.
Today around 4,500 licensed home healthcare bodies exist in the America, according to Mr. Richard Ueberfluss, who operate an Assisting Hands Home Care franchise and also works as a Chicago-based area franchise director for the enterprise. He says that this also makes the home healthcare franchise industry the quickest growing one in the health sector.
In 2009, the market touched a sales figure of $72.2 billion. All the signs show that the market demand overall for home healthcare is still in its initial stages.
To quote Mr. Ueberfluss in his own words, “We are only at the beginning of the ‘silver tsunami’ of aging baby boomers,”
However, he adds that the home healthcare industry has been developing since 2010, not even counting the baby boomers, who are estimated to retire within the next 5 to 10 years.
The Assisting Hands franchise offers a comprehensive choice of in-home healthcare facilities with a prominent emphasis on non-medicinal healthcare. Though ex-healthcare experts seem to be the ones beginning many a lot of home healthcare franchises, you do not necessarily need any sort of healthcare knowledge to take advantage of this trend by opening a franchise.
Even though many of the baby boomers are many years away from joining the in-home healthcare market, the business possibilities are still quite big. According to the National Institute on Aging, 25 million American citizens will reach the ages of 65 to 74 this year, and from this figure about 70 percent will require some kind of long-term care.
In addition to providing for senior citizens, these companies also deal with the government and healthcare industry by giving assistance and helping to balance costs.
For instance: home healthcare is often seen as a feasible substitute to prolonged hospital stays in some or many cases, especially since the new Medicare rules that heavy fines are levied on hospitals when patients are readmitted within a month of a former stay.
In order to open your own Assisting Hands Home Care franchise, you need to have a net worth of at least $200,000 as well as prior involvement in the business sales or management sector.
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