SUNRISE, Fla. - May 21, 2014 - A new infographic, “Calculating the Cost of Care,” has been released by Interim HealthCare Inc. showing nursing and assisted living facility costs ranged on average nationally from $94,170 to $41,124 annually, while in-home care was much more affordable at $29,640 per year and produced more positive health outcomes for individuals who do not need care around the clock.
“We think this concise and informative infographic will be a helpful tool and guide as Americans plan for their long-term healthcare needs,” said Kathleen Gilmartin, president and CEO of Interim HealthCare. “We all know that America is aging at an extraordinary rate. We now also know that 82% of those seniors want to age in place and have better health outcomes when they do receive care in their own, familiar surroundings.”
According to the Pew Research Center, 10,000 baby boomers turn 65 every day and by 2030, 18% of the nation will have reached that age at least. The Family Caregiver Alliance estimates that by 2050, 27 million people will need some form of paid care service, doubling from 13 million in 2000.
“A critical component of home care is the ability of people to remain in their home routines and have 100% healthcare access when the caregiver is present,” Gilmartin said. “The infographic visually shows seniors who need assistance with activities of daily living - like bathing, dressing and cooking but not necessarily around the clock access to nursing care - benefit not only financially but clinically from in-home care.”
To create the infographic, Interim HealthCare collected industry data including statistics from John Hancock, the National Association for Home Care and Hospice and the National Center for Biotechnology Information.
Interim HealthCare has nearly five decades in the healthcare industry. Largely due to the high level of support and other benefits associated with the company’s longevity, franchisees enjoy an unusually long average tenure of 18 years although some owners have been in the system more than 30 years. A video with franchisee feedback is available here. Franchise opportunities are available throughout the country. Qualified candidates should possess a minimum net worth of $400,000, and a minimum liquidity of $50,000. Franchisees can expect their initial investment to range from approximately $115,500 to $188,500 including the franchise fee. Additional franchise information is available at www.interimfranchising.com.
About Interim HealthCare:
Interim HealthCare® Inc., founded in 1966, is a leading national franchisor of home care, hospice and healthcare staffing. The company has grown its franchise operations to approximately 500 global locations with more than 250 owner groups having recently acquired UK-based Bluebird Care Franchises Limited. Interim HealthCare in the United States is unique in combining the commitment of local ownership with the support of a national organization that develops innovative programs and quality standards that improve the delivery of service. Franchisees employ nurses, therapists, aides, companions and other healthcare professionals who provide 25 million hours of home care service to 190,000 people each year, meeting a variety of home health, senior care, hospice, palliative care, pediatric care and healthcare staffing needs. For more information or to locate an Interim HealthCare office, visit www.interimhealthcare.com.