Aging isn't easy. Not for the person who is getting older and not for their family. New challenges arise almost daily and can easily overwhelm everyone involved. Some people may think of Right at Home as an assisted living franchise because we can and do simplify daily living for families in need. Isn’t it nice to think that you could be part of an in-home care franchise that helps to change someone’s life for the better?
Unlike many home care franchise opportunities, a home care franchise with Right at Home offers benefits well beyond the possibility of monetary growth. This isn't just an investment in a business; it's also an investment in your community and your own personal fulfillment.
You provide better lives.
When you leave your office at the end of the day, you haven't just made a dollar; you've likely made someone's day. A senior care franchise helps the aging population remain independent in their own homes. Your care – and the resulting independence you’ll provide – is often the difference between someone feeling happiness rather than helplessness.
You provide stability.
Family relationships are fragile. When something changes, it can often upset the balance of the entire unit. When someone has a condition or a circumstance that requires Right at Home's services, the entire family is affected. Your business can make a difficult situation easier for the entire family.
You provide fulfilling employment.
Most franchises create jobs. As a senior care franchise, Right at Home creates meaningful jobs. You're not just helping your employees put food on the table, you're also providing a sense of accomplishment to those who are able to enrich the lives of others. And, you're infusing your community with jobs, helping it to grow and thrive.
Home Care: A Continuously Growing Market
The in-home care franchise industry is still in its infancy and holds a wealth of opportunity for growth. Within the past few decades, the population of the United States aged 65 and older has started to increase at rates never before seen, creating significant demand for the services offered by elder care franchise systems.
There are two reasons for this:
- Baby Boomers – the largest section of the U.S. population – have defined the economy at every stage of their lives and will continue to do so through their retirement years. There are 78 million Baby Boomers in the U.S. with approximately 10,000 turning 65 years of age each day.
- People aren't just growing older; they're also living longer thanks to an increased commitment to health and wellness, as well as advancements in medicine. Since 1960, the average life expectancy has increased by nine years for men and seven years for women. This increased life expectancy leads to a larger population of seniors, many who will need assistance in order to remain independent.
National Vital Statistics Reports from the U.S. National Center for Health Statistics
Why a Home Care Franchise?
According to the Agency for Healthcare Research and Quality (AHRQ), the rate of patients who needed home health care doubled – from two million to four million people – between 1997 and 2006. As a business, the home care industry shows a clear advantage. There are very few industries that show as much stability in the present and potential for growth in the future. Some reasons for this include:
- More than 49% of women over the age of 75 live alone with no spouse or loved one to assist with the daily activities many of us take for granted.
- Aging and physically challenged healthcare recipients have the general preference to remain in their home and maintain the highest level of independence possible.
- Patients are being discharged from hospitals at a much quicker rate; the average length of a hospital stay has declined by five days since 1980.
Healthcare Dominates the Future
Healthcare will generate 3.2 million new jobs (wage and salary) between 2008 and 2018. This is more than any other industry. The Bureau of Labor and Statistics also states that home healthcare is one of the fastest growing segments within the healthcare industry.
Baby Boomers are one of the most independent groups of people in our country's history. They also have a higher life expectancy than any generation before them. Put simply, they will live longer. As they age, they will continue to demand the independence to which they’ve become accustomed.
While technology plays a role in the Right at Home healthcare franchise, caregiving is our basic service. Care cannot be automated or provided through the Internet. Many other businesses require frequent upgrades and a significant investment in technology. A home care company's most important business asset is its people.
Senior care is not transactional; it's relational. Our services are ongoing and based on trust and the ability to meet your client's needs. Many of your clients will be referrals from elder care professionals. Once you demonstrate reliability, dedication and compassion in the handling of their referrals, they will be even more comfortable referring future clients to your business.
Right at Home’s reputation in the home care franchise business has been built on the in-home care needs of people since 1995. Our successes within the industry are notable and our significance within each community is appreciated. The in-home care services we provide continue to be necessary in an even greater capacity as the largest segment of the population comes to an age where they require assistance.
My initial inclination was to start my business from scratch, but I realized I didn’t want to reinvent the wheel every step of the way. I knew that it wouldn’t be as efficient or effective to start the business from the ground up. Right at Home already has the systems, processes, software, technology, marketing and years of experience to put me so far ahead of where I might start by myself. There is strength in numbers and that was clearly validated to me by the franchise owners I asked.
Right at Home Franchisee