There are many different trends for the home care industry within 2021 that are revolved around providing quality care for seniors and the community. Most of these trends include franchising to produce unique and exciting opportunities for individuals to become their own boss. These trends are influenced by the COVID-19 pandemic and an increasing number of chronic health issues in the United States.
The home care scale is tipping towards franchising due to the constantly changing legal requirements of business in America which is hard for inexperienced individuals to accomplish on their own. Franchise models are designed to give a leg up compared to other home care businesses or start-ups. Suzanne Beall, VP of Government Relations at the International Franchise Association (IFA) stated, “There’s something attractive about franchising in that you don’t have to come up with your own concept. You’re buying into a brand and community. You have all of that community support to get your business up and running”. This allows for individuals to gain a clear perspective on what it takes to run their franchise successfully.
Home care organizations are essential when it comes to providing necessary and quality care to aging individuals. According to AARP, about 90% of seniors intend to stay in their homes for the next 5 to 10 years and 85% of those individuals are confident they can do so without home modifications. This causes more people to seek out opportunities in which they can use in-home care services or own a home care franchise to create a source of income and leave a family legacy.
Within the home care industry, there is a big opportunity for revenue growth and chance for a strong income potential. The home healthcare market is expected to grow from $100 billion in 2016 to $225 billion by 2024. Due to the aging population, it is predicted that there will be a shortage in senior housing which includes assisted living facilities beginning in 2025. This shortage will prevent seniors from receiving care from trained professionals in assisted housing and will create an essential need for in home senior care. With home care services already on the rise, this makes Senior Helpers franchise a viable option for individuals seeking business opportunities.
Senior Helpers provides an exemplary franchise model to help guide and support you before, during, and after our discovery process. We have continued to have one of the largest growth percentages in the Health and Medical Franchise sector and are up 20.7% in revenue. Senior Helpers is one of the only home care companies selected to join the Healthcare Leadership Council, which is an organization comprised of various leaders in various health and medical sectors that transform our nation's healthcare system. We have a strong presence in the home care industry and are dedicated to providing our franchisees with excellent support from our executive team with over 100 years’ combined experience in franchising.
If you’re ready to join an industry that is growing tremendously, then start our seamless discovery process today. Click here to receive more information and to get in touch with one of our franchise experts.