The rule of supply and demand is simple. When there is a high demand, the cost of the supply goes up. When supplies flood the market, the demand and associated costs go down due to the ease of getting the product or service. That model does not hold up when it comes to the senior care industry.
According to a 2011 Aging in Place study by the National Conference of State Legislatures and the AARP Public Policy Institute, demand is higher for home care services than for more traditional, facility-based models of senior care. The study found that 90 percent of those older than 65 want to stay in their home as long as possible; and 80 percent believe they will always live where they are now. “What’s interesting about this increase in demand,” said Robert Bua, President of CareScout, a Genworth company, “is that the cost of home care is not increasing year-to-year.”
The Cost of Care Each year, Genworth completes the Cost of Care study. The study collects and compares the costs of home care agencies, assisted living communities, and nursing home facilities.
In the past year, the cost of private duty home care remained flat with zero percent growth, and in the past five years More >
In late December, Homewatch CareGivers reached a major milestone.
Since January 2000, the offices in the Homewatch CareGivers network have provided more than 30 million hours of senior home care and home help services. After reaching this accomplishment we just have two words to say: Thank you.
We know this achievement is due to our clients, caregivers and partners, so we want to make sure and thank all of those who made this possible.
To the people we help:
Thank you to the families that trust us every day. You rely on us to take care of your mothers, your fathers, your husbands, your wives, and your sick children. We feel privileged and honored that you reach out to us for help.
“What greater honor for someone to give you than to trust you with their parents? We really have nothing greater in the world than our family,” said Barry Weber, co-owner of the Homewatch CareGivers office in Myrtle Beach, S.C.
At Homewatch CareGivers, our motto is “Let our family care for yours.” This is not just something we say, it is something we do. We constantly try to find new and better ways to make sure the care your loved ones get is the same care we would want More >
The most common New Year’s resolutions people make are to lose weight and be healthier. It’s well known that exercise helps prevent or decrease the severity of heart disease, high blood pressure, high cholesterol, diabetes, arthritis, osteoporosis, anxiety, depression and it can also delay the onset of memory loss and some forms of dementia. However, an older person who wants to resolve to be healthier in 2013 faces the added pressure of making sure it’s done safely and in a way that won’t cause health complications over time. The advice to anyone who starts a new exercise program or a change in diet is to always talk to a doctor first. All doctors will be happy a patient wants to make healthier choices, but they will have advice that is specific for you on what you should and should not do. For example, a person with a history of heart disease should be careful about lifting too much; a person with arthritis won’t want to start playing tennis; and a person with a lung condition will not want to start running if their route takes them through polluted areas. Homewatch CareGivers brings you a list of 13 ways for seniors to More >