Why Home Care?

As an aspiring business owner, choosing the franchise that fits your unique personality and professional goals is a tough task. The home care industry has proven growth and is expected to boom over the next several decades. Learn more about what makes the home care industry a great investment and why you should buy a home care franchise.

An Industry with High Growth Potential

As the senior population expands, the need for home care is growing in stride.
Learn more about growth trends in the home care industry.

54M

adults over the age of 65 in the US

Many of these seniors want to age in place and remain in the comfort of their own homes.

$97B

estimated annual revenue in the US

Additionally, the global home healthcare market is valued at over $320 billion.

16.9%

of the US population are seniors

That percentage is projected to grow to 22% of the population by 2050.

What Is Home Care?Untitled design - 2022-08-11T125612.006

Home care refers to a wide range of services that allow individuals to live safely at home. Aging and other health conditions can cause some daily activities to become difficult or even dangerous — like taking a bath, cooking, or driving. As a top senior care business, Caring provides professional caregivers to help seniors or other adults with these day-to-day activities.

A Cost-Effective Alternative to Facility-Based Care

After a hospitalization, a fall, an illness, or an accident, a senior may be forced to make decisions about how they will manage daily activities safely. Historically, seniors have had 2 choices: move in with their loved ones OR move into a facility. However, either alternative means leaving the place that is most familiar and comfortable for them: their home. It could also mean losing a substantial number of their possessions, a degree of independence, and possibly their friends. When you buy a home care franchise with us, you can play an important role in keeping seniors safe and emotionally healthy.

Home care is a cost-effective alternative to the emotional, physical, and monetary costs of moving that enables activities of daily living to reinforce independence, safety, and quality of life. Our senior care business’s services can also help the family remain intact with relationships of son, daughter, grandson, granddaughter, and their loved ones not having the added stress of providing care. When compared to the costs associated with other options, home care can be a more affordable option for many seniors. A great way for you to get involved would be for you to buy a home care franchise with Caring Senior Services.

For reference, here's a comparison of the average annual cost of different senior care options:

  • $105,852 [1= nursing home
  • $51,600 [2= assisted living facility
  • $23,400 [3= 20 hours per week of home care
HOME CARE SERVICES
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MEAL PREPARATION

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MEDICATION REMINDERS

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COMPANIONSHIP

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TRANSPORTATION

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PERSONAL CARE

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ATTEND DOCTOR'S APPOINTMENTS

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ERRAND SERVICE

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HOUSEKEEPING

Request more information

Interested in starting a senior home care? Contact Scott Suryan, Director of Franchise Development, to learn more about Caring franchising.

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