New Report Indicates How Pending Healthcare Overhauls Could Impact Franchise Home Care Profitability; Countless Opportunities Identified
STONY BROOK, New York– Renowned franchising expert Ed Teixeira, owner/editor/president of FranchiseKnowHow,the widely-read website, newsletter and franchise industry consulting service, recently released Home Care Franchise Industry Update 2012: A report on franchising in the home care industry -- its growth and challenges. Teixeira’s recently released in-depth look at the home care sector, details the dynamic growth of home care franchising and the evolution of its services, regulations and the advancements that stand to take place. His new report also offers a unique look at how the Affordable Care Act (Obamacare) could impact home care.
On the surface, the report presents an overview of the $75 billion dollar home care industry and its more than 5,500 franchise units. However, the report also delves deep into the impact of extraordinary growth within home care franchising in recent times, looking at the new competitors, new services and increasing pressures placed upon the industry. In the past 18 months, more than 20 new home care franchise companies have begun operations, reflecting both the appeal of this healthcare sector, and the barriers to entry that are taking shape.
“My objective with the report is to provide an overview of the home care industry and the growing role of franchising in this sector,” said Teixeira. “Home care continues to grow as the population ages and as families, the government and insurance companies look to home care as a way to control the cost of healthcare.”
The Census Bureau predicts that by 2020 more than 15% of the U.S. population will be 65 or older. However, the market for home care services isn’t limited to the elderly. Rather, it includes others that can benefit from the advantages receiving care in their own home. Additionally, a litany of ancillary services such as staffing for care facilities expand the revenue capacity of home care offices. This and a host of other relevant topics are presented in Teixeira’s report, which stands to be useful resource for the home healthcare franchise industry and those considering entering the market.
To access the report, visit FranchiseKnowHow.com and click on the PDF download.
Ed Teixeira, president of FranchiseKnowHow and the author of the report, has spent more than 30 years in the franchise industry, including 15 years in the franchised home healthcare sector. He served as a senior executive for a publicly traded home care franchisor, and worked alongside a franchisee of a multi-million dollar home care operation. He was also Chief Operating Officer of a franchised medical staffing company. FranchiseKnowHow advises and franchises existing businesses, does international franchising and provides information to the franchise community.
For more information about FranchiseKnowHow and to contact Ed Teixeira, e-mail email@example.com or call (631) 246-5782