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The Value of Investing in Home Care for an Aging Population

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The Value of Investing in Home Care for an Aging PopulationThe population in the United States (as well as many other nations around the world) is considered to be ‘aging.’ This means the percentage of elderly men and women, compared to other age groups, is increasing. This is due, in large part, to the baby boomer generation (those people born between approximately 1946 and the mid-to-late part of the 1960s).

As these ‘boomers,’ as they’re often referred to, reach retirement age, they are also reaching an age where health issues and physical limitations will also increase. This means there’s an increasing demand for in home care support services. As the demand increases for home care aides and visiting nurses, it means there’s greater opportunity available for work within the field.

As reported by GLT 89.1, NPR from Illinois State University, in the blog, Home Health: The Neglected Segment of Elder Care, written by Charlie Schlenker:

“Seventy-five million baby boomers are retiring. And Wellin said they will begin to make claims on social policies on Medicare and Medicaid and long-term care in unprecedented numbers. He said this has exposed weaknesses in policies and our expectations on how life unfolds, from independent living, to retirement community, to assisted living, and to long-term care or care at home. It’s not linear.

And the nation has not made a public investment in a crucial part of that continuum, said Wellin. Home care, he said, is still largely a province of the private sector. Wellin said home healthcare for the elderly will be increasingly important as baby boomers age out.”

It’s not just directly related to home care agencies where these opportunities exist, though, but also through subsidiary enterprises, such as technological innovation and finding ways to deliver quality support and even direct medical attention for seniors and others at home.

The cost of medical care continues to skyrocket in this country, with no legitimate end in sight. That means it can become even more challenging for some aging seniors to get the level of medical care and support they need. However, instead of being required to seek treatment and stay for a potentially length visit at a hospital, home care is often more affordable.

Agencies and other care providers are being encourage to invest more resources into delivering the direct care patients need in their home. Home care agencies may do well to expand their focus, lean on technological innovation, and consider health care services as an integral part of their future business endeavors, if they aren’t doing so currently.

Valerie VanBooven, RN BSN, Editor in Chief of HomeCareDaily.com

Editor in Chief of HomeCareDaily.com at LTC Expert Publications
Valerie is a Registered Nurse, Author, and Co-Owner of LTC Expert Publications. Read More at http://www.LTCSocialMark.com
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The Value of Investing in Home Care for an Aging Population
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The Value of Investing in Home Care for an Aging Population
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The population in the United States (as well as many other nations around the world) is considered to be ‘aging.’ This means the percentage of elderly men and women, compared to other age groups, is increasing. This is due, in large part, to the baby boomer generation (those people born between approximately 1946 and the mid-to-late part of the 1960s).
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