Billy Graham, the late evangelist, once commented that if he had five minutes with someone’s checkbook, he could tell where that person’s heart was. Whether or not you agree with his religious views, he highlighted an important truth with this comment: we spend money on the things that are most important to us. Sometimes those costs are optional. We don’t need Netflix, but it tends to be a low monthly cost and it’s a great source of entertainment for many people. This is one of the reasons why the company is consistently growing in popularity.
Necessities also factor into this equation. We spend money on things like rent, food, and clothes because they are essential to our survival. Perhaps we wish that we didn’t have to spend money on these things (I know I have!), but that doesn’t diminish their importance in our lives at all. Like Dr. Graham said, we spend money on the things that are important to us. Health care certainly fits into this category. We might not like paying for health insurance or co-pays, but they are an absolutely essential part of our lives if we want to enjoy them for as long as possible.
That’s why a recent survey of members of a professional health care organization can be so insightful when it comes to figuring out how senior care will be impacted moving into the future. This survey evaluated where these executives were most likely to invest their money by the year 2020. An overwhelming 44 percent of the 487 individuals interviewed stated that they would all have their money in the same subsector of health care: the home health industry. This is just another piece of evidence pointing to the concept that in-home care is growing at an exceptional rate. And the fact that these individuals with knowledge of the industry are willing to invest in this portion of the business shows that they have confidence that it will continue to grow.
Senior care is already expected to be one of the fastest moving industries in the coming years. The senior population is larger than ever before and continues to grow. These individuals need assistance, whether it be legal, medical, or palliative in nature. If the top minds in the business are placing their money in home health care because they see that this is likely to be the largest growing portion of the senior care industry, then we should expect to see a lot of newer companies pop up as this trend continues to grow.
In all of this, it’s important to remind yourself that you should be looking for a caregiver that is experienced, trustworthy, and compassionate as you hire someone to help out your mom or dad. Newer companies and individuals working in the field might not have the training or background to successfully and safely deal with the daily issues that an elderly individual might have. Established companies like Paradise In-Home Care are far more likely able to be helpful to you because of the strict standards that we have in place and the experience that our employees have.
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