In-Home Senior Care Franchises Market
Senior Care Franchises market is the high revenue. In-home senior care requires very low initial investment and the earning opportunities are immense. Franchise owners are likely to earn more than independent providers improving the attractiveness of the In-Home Senior Care Franchises market.
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One of the biggest constraints in the In-Home Senior Care Franchises market is that of cost. In-home care facilities can cost anywhere from $ 3000 to $ 6000 a month. This makes it prohibitively expensive even for those families that are insured by insurance companies since they will almost certainly not cover the entire expense. The second challenge is a lack of trained professionals. It can be very difficult for in-home senior care franchises to find qualified nurses, staff or medical professionals to assist their patients. The demand for these individuals is anticipated to be much more than the supply in the years ahead. The third barrier to the growth of the In-Home Senior Care Franchises market is a lack of regulation in the industry. While it might be comforting to think of home health aides as certified professionals, the truth is that they have usually gone through a small training program for the company which hires them. There is no standardisation leading to great confusion about what these individuals are able and unable to do. One more challenge is the intense competition in the In-Home Senior Care Franchises market. This is a 24 / 7, 365 days a year business which requires franchisees to always be‘ on call’. Incumbent companies may offer additional benefits for holding on to their clients, making it difficult for newcomers to the field.
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