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Home care service is a service that provides assistance to individuals who require help in their daily living activities due to disability, illness, or aging. These services can be provided by professionals to individuals in the comfort of their homes.
Home care services include bathing, dressing, and grooming assistance; meal preparation and feeding, medication administration, housekeeping, and transportation. In-home skilled nursing, physical, occupational, and speech therapy are also available.
Home care services are provided by caregivers on a scheduled basis by visiting an individual’s home, however, some home care services may also be provided on an as-needed basis, such as for individuals who require assistance during a recovery period following a hospitalization.
Home care service providers should have necessary skills to provide assistance in daily living activities such as bathing, dressing, mobility etc.
Home care providers should have knowledge of how to interact effectively with individuals and their family members, doctors, and other health care professionals.
Home care providers must understand medication and know how to administer them properly.
Home care providers must know how to respond quickly and appropriately in case of an emergency.
Home care providers must have knowledge of how to provide emotional support to individuals.
Home care professionals should respect people's cultures and be sensitive to their needs and preferences.
1. Personalized care:
Home care is personalized to the individual's requirements and preferences. Caregivers can create a customized care plan with the patient and family.
4. Improved quality of life:
Home care services help with everyday functioning, reduce the risk of falls and other consequences, and provide emotional support and companionship.
7. Peace of mind:
Home care services can reassure family members worried about their loved one. Caregivers can keep family members informed and involved with regular updates.
2. Comfort and familiarity:
Home care services allow patients to receive care at home, surrounded by family, pets, and other things. This reduces stress and improves care.
5. Cost-effective:
Home care requires fewer medical procedures and equipment than hospital or nursing home care.
3. Independence and autonomy:
Home care services can help people live independently.
6. Reduce the risk of hospital readmissions:
Home care services can prevent hospital readmissions by providing continuing treatment and monitoring for chronic diseases.
Benefits of Home care services:
Home care is personalized to the individual's requirements and preferences. Caregivers can create a customized care plan with the patient and family.
Home care services allow patients to receive care at home, surrounded by family, pets, and other things. This reduces stress and improves care.
Home care services can help people live independently.
Home care services help with everyday functioning, reduce the risk of falls and other consequences, and provide emotional support and companionship.
Home care requires fewer medical procedures and equipment than hospital or nursing home care.
Home care services can prevent hospital readmissions by providing continuing treatment and monitoring for chronic diseases.
Home care services can reassure family members worried about their loved one. Caregivers can keep family members informed and involved with regular updates.
Education and Training:
Home care providers may need a nursing degree, home health aide certification, or training.
Experience:
Home care providers require a certain level of experience in healthcare.
Health and Physical Abilities:
Home care workers may need to meet specific health and physical standards to provide safe and effective care.
Licenses and certificates:
Home care providers may need regulatory body licenses and certificate, depending on their services.
Opportunity/Scope:
According to the report of the US Census, by 2050, 88 million adults will be 65 or older, and 18 million will be 85+. The fastest-growing age group is 85+, which will expand by 30% in 10 years.
US home healthcare is evolving into a massive market for US health systems and hospitals. It is to be expected that the home healthcare market of USA will grow about 7% annually from $103 billion in 2018 to $173 billion by 2026, while global Home Healthcare Market size worth $528.2 billion by 2026.
In 2019, the global home healthcare industry was worth USD 281.8 billion and is predicted to grow at a compound annual growth rate (CAGR) of 7.9% from 2020 to 2027. Global population aging and patient choice for value-based healthcare will drive market expansion. In 2019, the WHO reported 703 million 65-year-olds worldwide. Older people will double to 1.5 billion by 2050.
The global home healthcare industry was worth USD 281.8 billion in 2019 and is predicted to expand 7.9% from 2020 to 2027. Global population aging and patient choice for value-based healthcare will drive market expansion. In 2019, the WHO reported 703 million 65-year-olds worldwide. Older people will double to 1.5 billion by 2050.
US home healthcare is evolving into a massive market for US health systems and hospitals. It is to be expected that the home healthcare market of USA will grow about 7% annually from $103 billion in 2018 to $173 billion by 2026, while global Home Healthcare Market size worth $528.2 billion by 2026.
In 2019, the global home healthcare industry was worth USD 281.8 billion and is predicted to grow at a compound annual growth rate (CAGR) of 7.9% from 2020 to 2027. Global population aging and patient choice for value-based healthcare will drive market expansion. In 2019, the WHO reported 703 million 65-year-olds worldwide. Older people will double to 1.5 billion by 2050.
The global home healthcare industry was worth USD 281.8 billion in 2019 and is predicted to expand 7.9% from 2020 to 2027. Global population aging and patient choice for value-based healthcare will drive market expansion. In 2019, the WHO reported 703 million 65-year-olds worldwide. Older people will double to 1.5 billion by 2050.
Services Offered by Home Care Services Providers:
Home Care Services for seniors, people with disabilities, and special needs clients include,
- Live-in care services and hourly care
- Entertaining (games, crafts, reading, etc.)
- Providing companionship and conversation
- Assisting with mobility
- Performing light housekeeping
- Running errands (prescription pick up, dry cleaning, grocery shopping, etc.)
- Personal Care Services
- Alzheimer’s and dementia care
- Respite care for family personal attendants
How to start a Business/Procedure:
- Submit the documents & Sign the Agreement
- Business Registration and Bank Account
- Office space lease and Setup
- Initial Staff Recruitment
- State License Approval & Registration
- Branding and Digital Setup
- Business Launch & Visa Application Preparation
- Application Submission and Visa Interview
- Visa Issued & Landing in USA
Investment Plan:
Initial Capital Investment- $100,000
Business bank account to hold 25% of investment for operating expenditures.
Start-up, operating capital, and contingency costs are covered by at least three months of average estimated spending.
Return on Investment:
35% ROI per Annum
2.5-3 years Break Even
$2,500-$4,000 Income per Month
Why Work With Us?
- Extensive experience
- Expertise in various industries, business functions, and strategies
- Customized solutions
- Results-driven
- Collaborative approach
- Continuous support