In-Home Senior Care
This article provides insightful industry analysis and research into the In-Home Senior Care industry. This article discusses the definition, key industry products, and activities along with major industry trends. Understand the revenue model, a brief history of trends during the current century, and key challenges currently being faced by the In-Home Senior Care industry.
What is Elderly Care?
Elderly care, or eldercare, or aged care, is the fulfillment of the special needs and requirements that are unique to senior citizens. This broad term encompasses such services as assisted living, adult daycare, long term care, nursing homes, hospice care, and home care.
What is Home Health Care?
Home health care is the primary aspect of the senior care industry. This can involve either medical care or non-medical care or some combination. Medical care provides a variety of medical services for patients, with some of the most common being private nursing, administering antibiotics, and assisting in rehabilitation. Heart disease, diabetes, and cerebral vascular disease are the most common ailments resulting in in-home care, and about seventy percent of in-home patients are 65 or older.
Non-medical assistance includes aides helping seniors with chores, preparing meals, taking medication, helping with bathing, and general companionship. As seniors age, non-medical care is often a step between self-sufficiency and family care and more serious medical care.
Types of Home Health Care:
There are several basic levels of home care to choose from:
- Personal care attendants providing assistance with activities of daily living
- Private duty care providing assistance with non-medical needs such as shopping
- Licensed Class B home care agencies employing home health aides to serve ambulatory and medically stable clients
- Licensed Class A home care agencies serving seniors, who are non-ambulatory, require help taking medications or need diabetic monitoring, wound care, and other hands-on skilled care
- Medicare-certified skilled home care is typically received on an acute, intermittent basis following an illness, injury, or change in disease status.
What is the In-Home Senior Care Industry?
Longer life expectancy aided by advancements in technology and medicine has resulted in a growing number of seniors is looking to age in their homes and maintain independence for as long as possible. Medical advances will make more and more patients who would have otherwise had to stay in a hospital or nursing home able to stay at home in a familiar setting. The aging population drives demand for in-home senior care services. This industry provides in-home healthcare services to people aged 65 and older. Services may include skilled nursing care, homemaker and companion services, physical therapy, and medical social services. Home health care can be less stressful and more convenient for seniors, as well as more affordable.
In-Home Senior Care Industry Products:
Many caregiving related products and services are purchased directly by the aging person themselves. Some of these products and services include:
- Companionship
- Respite care
- Therapy services
- Chronic disease management
- Escorting to doctor’s visits, etc.
- Medication reminders
- Incontinence care
- Nursing intervention
- Home safety
- Pharmaceuticals
- Medical equipment
- Personal healthcare
- Finance and insurance
- Legal services
- Physical therapy
- Mobility
- Home care
- Housing Home hospice
- Home nursing care
- Homemaker and personal services
- Other services
In-Home Senior Care Industry Activities:
- Running errands (e.g. grocery shopping, picking-up prescriptions)
- Grooming assistance
- Bathing and dressing
- Meal preparation and feeding
- Housekeeping and laundry
- Caring for pets and plants
- Providing personal care
- Providing homemaker and companion services
- Physical therapy
- Medication dispensing
- Counseling
- Providing 24-hour home care
- Occupational and vocational therapy
- Dietary and nutritional services
- Intravenous therapy
Trends and Challenges for Urgent Care Centers Industry:
- Growth of Franchise establishments
- The high cost of nursing homes and assisted living accommodations
- Escalating healthcare costs
- An aging population with a greater life span
- Increased acceptance of home care by doctors
- The occurrence of chronic disease among all ages
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