The home care franchise model calls to mind the old idiom of “a chain is only as strong as its weakest link.” That’s because the business model relies on having a network of strong franchisees for its overall success. For the franchisees, or owners, that make up these networks, this means navigating challenges in service […]
The past few years have seen private equity players plant a flag in the home care space, particularly in the franchising world. In 2021, this trend has only increased with the heightened demand for home care services. Roughly $66 billion in PE investment went out to various health care sectors in 2020, a 21% increase […]
Over the last few years, Netflix (Nasdaq: NFLX), Disney (NYSE: DIS), Amazon (Nasdaq: AMZN) and a seemingly endless list of other platforms have battled it out for access to viewers’ wallets in what can only be described as “the streaming wars.” While senior care providers aren’t directly butting heads with the likes of those businesses, […]
It has been over a year since industry insiders predicted that home care franchise systems could experience accelerated growth brought on by the COVID-19 pandemic. Following rising unemployment and widespread business closures, many believed prospective entrepreneurs would turn to more mission-oriented careers, with home care and aging-in-place models presenting lots of upside. While it’s difficult […]
The Medicare Advantage (MA) opportunity isn’t one that has happened overnight for home care providers, with some industry insiders even describing it as a “slow burn.” In more recent years, a shift has begun to take place, however. Although MA has become a bigger piece of the overall Medicare program puzzle, home care only stepped […]
The old adage “there is strength in numbers” has stood the test of time because it’s largely true. To remain competitive and gain an edge over competitors, home care operators must form strategic partnerships with a wide variety of organizations. Common examples include collaborations with transportation companies like Uber (NYSE: UBER) and Lyft (Nasdaq: LYFT), […]
Synergy HomeCare has partnered with Compassus. The deal will allow the pair to offer both companies’ services to their clients. Synergy is a Gilbert, Arizona-based non-medical home care franchise that operates roughly 170 franchise locations nationwide. Nashville, Tennessee-based Compassus offers home health care services, plus infusion therapy, palliative care and hospice care. Currently, the company […]
Despite continued staffing challenges, home care is on the rise. Several emerging trends will define that ascent in the year ahead. Some of those trends will revolve around home care’s role in new care delivery models designed to treat higher-acuity patients. Others will have to do with shifts in the home care market itself and […]
At the beginning of the COVID-19 crisis, Senior Helpers CEO Peter Ross couldn’t tell the difference between Tuesday and Saturday. When you’re on the phone with China and India, doing whatever you can to find personal protective equipment (PPE), days of the week go by the wayside. If there’s one thing that has changed in […]
Holidays will look a lot different this year. In fact, half of seniors over the age of 70 don’t even plan to see family for Thanksgiving, according to a recent survey conducted by Aloe Care Health. With more families staying apart, home-based care providers are gearing up to make seniors feel as comfortable and connected […]
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