Senior Care on High Demand

Thanks to the aging of the baby boomer generation born in the period between the late 1940s and the 50s, the American population is getting older than ever before. As the boomer population reaches the age of 65, it is expected that the senior population will reach up to 88.5 millions, which is over twice the number of seniors in 2000, and makes twenty percent of the total population of the United States. America’s founder and president, Elly Kleinman has long been involved in the healthcare industry. According to him this increasing elderly population has and will necessitate more senior healthcare.

Experts predict that the demand for efficient home health care will continue to grow in the years to come, particularly amid the adoption of new and expanded payment and delivery models. Executives from the home health industry, such as Elly Kleinman himself, will need to carefully navigate this new landscape.

Senior care as an industry began spreading in the somewhere between the 60s and 70s, with government activity such Medicare and a longer life expectancy, which led to older Americans needing care.

The actual care given to patients varies from state to state. Home health care can reduce the length of a hospital stay following a surgery, which translates to substantial cost savings.

Today, around 7.6 million Americans receive some kind of health care, whether it is for disabilities, chronic care or hospice care. Most of the home health- care users are aged over 65 and frequently have multiple chronic health conditions.

The home health care industry is broke into pieces, and no major company has more than 5% market share. Aging demographics, comparative cost of service and changing consumer preferences are the three key factors that shape the high demand for home health care. In addition to the growing number of seniors, the home care demand is also being driven by those who prefer to be treated in the comfort of their home. When compared with alternatives such as receiving care in a skilled nursing facility or rehabilitation hospital, having care provided in the home is a much more appealing option. The demand is also driven by insurers and government, who want to control costs.

Americare’s founder and CEO, Elly Kleinman will continue his work in the industry, hoping to achieve something that would benefit the entire community.