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MANUFACTURING AND RETAIL PERFORMANCE

Thu, 31 Aug 2023 03:54:12 GMT

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DIVERSITY AND INCLUSION

183:734018494 (Josee Georges) — Fri, 17 Feb 2023 18:25:53 GMT

An original exemple with Haïti(french reading)

I was born in 1983 in Montreal North. Contrary to what my mom told me about her memories when she immigrated to Quebec in 1970, white people played with black people. I lived from 11 to 23 years in the Côtes-des-Neiges neighbourhood in Montreal. It’s a cultural "melting pot", so I call this neighborhood the "melting pot" of "melting pot". I had interracial friendships and loves, which caused misunderstanding around me. In the labour market, I have only worked for subsidiaries where 95% of visible minorities are hired. In 2009, a boss gave me a bitter taste of his love for Haitians… Since then, I have been working for myself, in my passions.”emocracy has been very unfavourable to blacks around the world. I was blinded by this racism for a long time, until an event put me up against a wall. I then began to write for my people, to get rid of the anger in me. We have to start by seeing, with precision, how we are all the same. Today, I want to share my intuitive forecasts for my country of origin: Haiti. Future events for the country are based on the famous saying, "The last will be the first."

EMPLOYMENT SITUATIONS IN THE U.S

183:734018494 (Josee Georges) — Thu, 22 Dec 2022 15:38:17 GMT

Unemployment is at an all-time low across industries

Healthcare systems are still reeling from changes spurred by the pandemic, progression in

healthcare technology, and evolving patient needs. But the healthcare industry isn’t immune

to external trends in employment, especially when it comes to attracting and retaining talent,

supporting employee well-being, and providing a fair workplace culture and practices.

Broader trends in employment affect how healthcare systems manage talent and deliver

outstanding care to patients. Prepare to address these three employment issues to improve

healthcare delivery at your organization.

Talent Pools Continue to Dwindle

Unemployment is at an all-time low across industries, but that shortage of talent is hitting

healthcare especially hard. Hospitals around the United States continue to add healthcare

jobs but struggle to fulfill them. Based on recent research, There are estimates that within

the next few years (by 2026), some states will see a gap of 500,000 healthcare workers. To

overcome this challenge, healthcare systems have to get creative with their hiring and

training practices.

Be intentional about recruiting from specific groups that are often overlooked. These groups

often bring different experiences and ideas to the workplace. By hiring veterans, for instance,

you can build a stronger sense of mission and purpose.

Seek partnership opportunities with local healthcare colleges and training programs. You

can hire candidates with skills and aptitudes and help them achieve technical training along

the way. This can help you move employees from less-skilled, lower-level positions, like

nurse assistant, into more skill-dependent roles, such as a licensed practical nurses.

Employees Struggle to Cope With Stress

Employees across the board are coming to terms with stress and mental health. But

healthcare employees’ unique experience of working on frontlines during the pandemic

has caused more than stress: many healthcare employees have experienced significant

trauma.

The healthcare industry needs to recognize that employees can experience a deep

emotional wound as they bear witness to intense human suffering.

To avoid burnout and care for your employees’ mental health, it’s important to give

employees time to detach from work and process what they’ve experienced. Train managers

to recognize signs of extreme stress and PTSD and to check in frequently with team

members.

Equity Remains Challenging to Achieve

Employees from historically marginalized communities often receive unequal treatment

compared to their peers. Pay gaps, for example, persist in healthcare. Despite making up

more than half (67%) of the global healthcare workforce, women make up to 24% less than

what men make, research from the World Health Organization found. Not addressing pay

equity in your hospital system can alienate your potential workforce.

Employees in lower-level roles, like housekeeping, maintenance, and nursing assistants,

often feel undervalued, too, Brookings reports. That disparity is further compounded by the

fact that many of these employees are members of historically marginalized groups.

Regularly audit your pay practices as well as other data that could point to inequities (such

as who you promote or who gets first pick for shift work). Using demographic data, you can

see where inequities exist in your organization so you can take steps to fix the problem.

Despite concerns over these employment trends, organizations across industries are

learning that valuing employees and providing a positive experience goes a long way in

overcoming employment challenges.

HEALTHCARE STOCK

183:734018494 (Josee Georges) — Thu, 22 Dec 2022 15:15:39 GMT

HEALTHCARE STOCKS TO KEEP AN EYE OUT

Keep an eye open for these healthcare stocks

The pandemic accelerated the adoption of digital health and virtual care around the globe - a

trend that is likely to continue throughout this decade. Healthcare providers are now

embracing technology at a pace not seen before. Healthcare delivery is no longer restricted

to the four walls of hospitals. All of this is likely to impact healthcare stocks.

But what are the best healthcare stocks to buy right now? How do you begin to invest in

medical stocks? In this '6 Top Healthcare Stocks for 2022'; article, we answer these

questions and more!

The Different Types of Top Healthcare Stocks

In this section, we cover the different types of medical stocks available to invest in. It's

important that when building a portfolio of the best medical stocks that you diversify into

different types of the best health stocks which are highlighted below.

Pharmaceutical Healthcare Stocks

Pharmaceutical companies produce almost all over-the-counter (OTC) and prescription

drugs. Large pharmaceutical firms are usually less risky to invest in, as compared with their

younger or smaller counterparts. These companies spend a major portion of their resources

on R&D (Research & Development), to bring innovative treatments to the market.

So, if a company releases a new drug with huge earning potential, its stock will perform well.

You may find a small group of healthcare shares collectively called ''Big Pharma''; which

consists of large-cap pharma companies. However, even when investing in ''Big Pharm''.

you should have knowledge concerning:

The scope of the drugs

The scale of the people affected by the disease the drug addresses

The availability of substitutes and drugs by competitors

Intellectual property rights related to the process of manufacturing and the drug's patent

Profit and revenue division pacts with other companies

Clinical trials are conducted before a drug is launched, and their outcomes, also affect

Share prices in the healthcare segment. Positive outcomes tend to drive prices up, while

negative outcomes could even potentially lead to a crash. Investment in pharma companies,

therefore, requires active analysis by investors.

Service-Based Healthcare Stocks

Hospitals and clinics are the foundation of any healthcare system. Therefore, when their

stock is available for investing in, they do tend to offer good investment potential. Here, too,

the larger companies, such as Acadia healthcare stock, would offer more stable potential

and lesser risk. Of course, risk is always a part of any investment, and using good risk

management strategies is vital.

Healthcare service providers are subject to enormous regulatory risks. Hospitals often make

quick and costly hardware and software changes for better facilities, and to attract more

patients. This might, however, make the hospitals prone to bad debt, and may also affect

their dividends.

Medical insurance firms are also important players in the healthcare services sector. They

pay the bills, so, the better the underwriting, the lower the medical costs incurred by the

insurance company will be.

This is why it's important to analyze the medical cost ratio, and medical loss ratio before

investing in such healthcare sector stocks. The insurance industry is also highly volatile, due

to changes that take place in regulatory frameworks. However, investing in these stocks

tends to be less volatile than investing in hospital stocks.

If you want to invest in medicine and you choose this area, it is important that you keep an

active eye on the regulatory framework to minimize losses associated with these stocks.

Medical Device Healthcare Stocks

With increasing life expectancy, medical devices are becoming more important than ever

before. Medical device firms generally witness a slow growth rate. The products offered by

them range from bandages to artificial joints, from digital blood pressure monitors to heart

stents, and much more. Such devices will always be in demand, but an instant boom of any

specific device is unlikely.

These firms also spend a large share of their resources on R&D, as well as the stages after

R&D. Here, there are older, more stable firms, as well as small startups with great growth

potential. Healthcare software providers offer greater potential for growth than hardware

manufacturers. Today, hospitals worldwide are adopting automated systems to offer better

services to patients.

On the other hand, advances in technology are bringing AI and robotics into the healthcare

system, changing the way medical care is provided. You need to study the technology, the

substitute products, and the competitors of a firm before investing. Adoption rates and gross

margins typically determine the success of these healthcare technology stocks.

Biotechnology Healthcare Stocks

Investment in biotechnology stocks is generally considered high yielding, although it does

entail risks as well. You may also consider investing in stocks of companies that are involved

in R&D for the treatment of chronic and terminal ailments, such as cancer, AIDS, diabetes,

heart disease, neurological diseases, immunological diseases, viral infections, stem cells and

tissue regeneration.

If these projects are successful, they will greatly impact the lives of people worldwide, which

in turn would drive up the share price. You might even consider investing in companies with

a strong network of collaborative support, indicating that it is financially and logistically

stable.

Biotech stocks nearing the end of their R&D stage, or awaiting approval from the regulatory

authorities are also likely to be better investment options. However, remember that if the

clinical trial fails to produce the desired outcome or there are regulatory hurdles, the share

price might decline.

Healthcare Penny Stocks: Cheap Healthcare Stocks

Below are some healthcare penny stocks to consider:

Antares Pharma (OTC: ATRS): Antares is focused on developing and commercializing self-

administered parenteral pharmaceutical technologies.

Revive Therapeutics (OTC: RVVTF): Revive has a focus on finding treatments for rare

diseases and infections.

It's always important to remember that a trader's ability to earn a profit depends on their skill

level. It is impossible to predict whether or not these stocks mentioned in this article will give

you a return on your investment.

It's also important to remember that when investing in healthcare penny stocks, such stocks

are often traded on over the counter exchanges, which are not as heavily regulated as

traditional stock markets like the London Stock Exchange or the NASDAQ. Because of this,

these markets can be riskier and traders should decide if they can afford to take on such a

risk before buying shares in these markets.

Healthcare Dividend Stocks

The following companies operating the healthcare market have been paying dividends for

over 10 years. Some traders consider these healthcare dividend stocks:

AbbVie (NYSE: ABBV): This biopharmaceutical company came from Abbott Laboratories

back in 2013, spinning off into their own company. They are well known for one of the

world's top-selling drugs, Humira. Humira treats Chron's disease, arthritis, and ulcerative

colitis. Humira generated $19.8 billion in revenue in 2020.

Johnson & Johnson (NYSE:JNJ): This is one of the older businesses on this list of

healthcare stocks. Johnson & Johnson has been around for more than 130 years. In 2020,

the company shifted its focus to the COVID-19 pandemic, and eventually produced one of

the top 3 vaccines for the virus.

UnitedHealth Group (NYSE:UNH): Although UnitedHealth Group is still young compared to

the other companies on this list, it has been publicly traded for more than 35 years and has

one of the largest employee bases of other companies in this sector: 330,000.

These are not the best healthcare dividend stocks. They are merely some of the popular

healthcare dividend stocks.

AI Healthcare Stocks

What are AI healthcare stocks? To understand AI in healthcare, we need to first understand

what AI is. While computers excel at performing calculations, not all of them can do what

humans do with ease: language processing, manipulating and moving objects, reasoning

and others. AI (Artificial intelligence) uses computers to complete tasks that usually demand

human intelligence.

Therefore, an AI healthcare stock is a stock in a company that operates in the healthcare

sector and offers a product or service that incorporates AI.

6 Top Healthcare Stocks to Buy Now

What is the best healthcare stock to buy now? What are the top healthcare stocks for this

year? It's difficult to say which healthcare stock will ultimately be the best one as every

investor will have different risk tolerance. However, we can start to answer this question by

looking at some of the top healthcare stocks to watch right now. Remember that share prices

go up and down so exercise proper risk management tools to deal with winning and losing

trades.

1. 1Life (NASDAQ:ONEM)

The company '1Life' does business under the name One Medical. It's a chain of primary

healthcare clinics based in San Francisco. It is a membership-based service with both in-

person care services and online resources. Online resources include a mobile app. One

Medical's founder is Tom Lee, who started the company in 2007. It grew from one San

Francisco clinic to over 72 locations all across the USA. On January 31, 2020, One Medical

started trading shares in their company on the Nasdaq stock exchange.

2. Acadia Healthcare (NASDAQ: ACAD)

The company, Acadia Healthcare is a behavioral healthcare provider operating

internationally. It has a network of more than 584 locations throughout the United Kingdom,

United States and Puerto Rico. Acadia focuses on providing addiction and behavioral

health services in various settings. Acadia was created in January 2005 and has

headquarters in Franklin, Tennessee.

3. Vertex Pharmaceuticals (NASDAQ: VRTX)

Vertex Pharmaceuticals shines as a top biotech stock. The company focuses primarily on

the development of drugs to treat the root cause of cystic fibrosis (CF), which is a rare

disease that damages organs in the body, such as the lungs. Their latest drug Trikafta may

increase the number of people their drugs can treat. Vertex is also in the process of

developing drugs to treat other rare genetic diseases.

4. Intuitive Surgical (NASDAQ: ISRG)

This is a great example of a healthcare company with advanced technology. Intuitive

Surgical's da Vinci surgical system is a robotic system that's been used in over 7 million

procedures since 1999. While the pandemic hurt their business by reducing the number of

elective surgeries, the vaccine rollout could create an environment for Intuitive to recover.

5. UnitedHealth Group (NYSE: UNH)

UnitedHealth is one of the largest health insurance companies in the world. Some traders

are attracted to their stocks due to their stability, dividends, and size of the company. The

company makes revenues in the $257 billion range every year and serves more than 75

million people from its 350,000 employees. The company has been an industry leader for

decades and is part of the Dow Jones 30 index.

6. Teladoc Health (NYSE: TDOC)

Teladoc is a popular healthcare stock. They are another example of a company offering their

services via modern technology. They offer healthcare services, remotely, via the internet

and phone. The company acquired Livongo Health in 2020, which gave them a platform for

remotely assisting people with chronic conditions. The COVID-19 pandemic has boosted

virtual care services. Even after the COVID-19 pandemic ends, individuals and companies in

the healthcare market may still be looking to cut costs. Delivering healthcare services

remotely is one way to do this.

Other major healthcare stocks to consider are:

-Allied healthcare stock

-AMN Healthcare stock

-Molina Healthcare stock

-Omega healthcare stock

-Ryman Healthcare stock

-Tenet Healthcare stock

These are some large healthcare-related companies offering shares.

BUSINESS IMMIGRATION TRENDS

183:734018494 (Josee Georges) — Thu, 22 Dec 2022 13:35:33 GMT

TRAVEL

Treaty Merchant (E-1) and Treaty Investor (E-2) visas are available to citizens of countries in the U.S. that have trade and navigation treaties. E-visa applicants must be citizens of a country with which the United States has treaties of commerce and navigation. To be eligible for an E-1 visa, an applicant must come to the United States for commerce between the United States and that country under a treaty. If there is a subsidiary of the United States at least 50% owned by nationals of a treaty country, and this company imports at least 51% of its products from its country of origin, employees of this company who are citizens of a treaty country will be eligible to obtain E-1 visas.

When a corporation is owned and controlled equally by citizens of two different treaty countries, employees of either nationality can obtain E visas to work for that corporation. A qualifying E-2 company can also request an E-2 visa for employees, executives, or managers with special, essential jobs who are nationals of treaty countries and whose services are needed in the U.S. Employees of E-2 companies may be granted an E-2 visa if they are, or will be, engaged in duties that are of an executive, management, or supervisory nature. In the case where the employee seeking an E-2 visa classification as an employee of a treaty trading firm or an investor would not perform duties that are of an executive or supervisory nature, the employee can still be granted an E-2 visa classification as long as the employee demonstrates specialized knowledge and the services to be performed are necessary for the effective functioning of the business.

E visa classification is available to would-be nonimmigrants, provided there is a treaty of commerce and navigation between the United States and a foreign state that the applicant is a national. In recent years, given increased trade and investment between the United States and the countries to which the treaties are entered, many foreign corporations, investors, and entrepreneurs have favored the E visa classification, as it provides many foreign corporations easy and continued access to the United States. Both the E-1 and the E-2 visas are available to citizens from large numbers of more than 40 countries.

An E-visa applicant does not have to demonstrate an intention to travel to the U.S. for any specified temporary period, and the applicant does not need to maintain residency in the foreign country that the applicant does not intend to leave. An applicant who is a beneficiary of an immigration petition shall satisfy you that he/she has the intention to leave the United States when the time permitted by his/her authorization ends, rather than remaining in the United States for purposes of adjusting status or otherwise remaining in the United States.

Once approved, an investor and family may seek to establish conditional permanent residence either through filing an application for adjustment of status in the United States or through the acquisition of immigrant visas from the U.S. Consulates. The applicant's spouse and children younger than 21 may apply for derivative E-2 visas. The only Bolivian citizens (other than those eligible for derivative status on the basis of family ties to an E-2 primary applicant) who can obtain an E-2 visa at this time are those applicants coming to the U.S. to conduct E-2 activities to promote covered investments established or acquired before June 10, 2012.

The applicant must come to the United States to engage in significant commerce, including commerce in services or technology, in eligible activities principally between the United States and a treaty country (E-1) or to develop and manage an enterprise where the applicant has invested substantial capital (E-2). Before entering the United States, treaty traders or investors, as well as Australian workers engaged in special professions, must apply for and obtain a visa for an E-1, E-2, or E-3 visa at an American consulate or Embassy abroad. There are a number of conditions to be met to obtain an E visa, including that a treaty must exist between the U.S. and the individual's country of citizenship.

An entry officer at the entry point can deny a Visa bearer permission to enter if they are satisfied that the bearer is not capable of meeting immigration requirements for entry, or that presence of that individual or visitor would be against national interest. A holder of multiple visas cannot remain in the United Republic of Tanzania for twelve (12) continuous months.

This Visa is granted to foreign citizens entering the country for academic activities, such as research students, interns, volunteers, EAC students, exchange students (EAC and Exchange students are FREE), and prospective students admitted to recognized and legally registered institutions. Nationals from these countries cannot extend their E-visas or obtain new E-visas for managing their investments. In a number of countries, the State Department has blocked foreign entrepreneurs from entering the U.S. with E visas, one of the only ways for foreign citizens to set up businesses in the U.S.

The downturn is extremely surprising and unprecedented, considering E visas are given to foreign nationals who invest significant amounts into U.S. businesses that would create jobs for the U.S. The treatment of E visa holders and investors with the EB-5 (employment-based fifth preference) program has occurred simultaneously with the sharp decline of U.S. foreign direct investment, essential for creating jobs and growth. Over the last two years, E visa holders' entries have fallen sharply, even as the United States is bound by its treaty obligations.

Unlike Canada, Australia, and Britain, there is no Start-up Visa in U.S. law, which allows for both temporary and permanent residency upon creation of employment in a new U.S.-based company. In other words, if a country places restrictive visa requirements on U.S. citizens, the U.S. reciprocates by placing even stricter requirements on the citizens of that country.

OPENING A BUSINESS AFTER COVID

183:734018494 (Josee Georges) — Thu, 22 Dec 2022 12:56:33 GMT

HOW TO OPEN BUSINESS AFTER COVID

Introduction

Here's a guide to starting your own business after the covid.

1. Are you ready for things to not go back to normal?

Getting through the initial shock of the collapse can be a big hurdle. You may find

yourself going through the motions of your day, but with a feeling that something is

missing. This is normal and will pass with time.

Make sure you are ready for things to not go back to normal, even if that means

doing more work or making more sacrifices than before. You need to be open-

minded about everything from business opportunities, finances and new ways of

doing things with your family members or friends in order for them to survive this

period in their life together.

2. Identify your revenue streams and expenses.

● Identify your revenue streams and expenses.

● Now that you have a better sense of your business’s projected costs and

revenue, it’s time to estimate cash flow. Your cash flow is the amount of

money coming in minus the amount of money going out (expenses). You want

this number to be positive as much as possible! Here are some questions to

ask when determining your monthly cashflow:

● What will my fixed expenses be?

● How much am I paying myself?

● What percentage of sales go toward marketing/advertising? What about

vendor fees?

● Will I need a physical space for customers to visit or will everything take place

online?

3. Know your market inside out.

It's important to know your market inside and out. You need to be aware of the

competition, what customers want, how you're going to deliver your product or

service and who your target audience is before you set up shop.

4. Put together a business plan that focuses on cash flow, not long-term

strategy.

● A business plan is a tool that helps you make decisions and stay on target.

● It's a way of keeping track of your progress toward your goals, as well as

communicating with investors and partners about what you're accomplishing

and what's still needed to reach those goals.

● It also helps communicate with employees to let them know what their roles in

the company will be, how they can contribute to its success, and how their

work contributes toward achieving the overall strategy for the business.

5. Figure out what your nonfinancial costs are and cut them whenever

possible.

When you're starting a business, you may feel that your financial costs are the only

ones that matter. However, nonfinancial costs can be just as important—and they

can be almost impossible to control once you've launched your business.

● Your time: Time is money, and every hour spent working for free represents

lost opportunity for income. This is why it's critical to figure out how much time

you'll need or want to spend on your new business before launch so that you

have an idea of what kind of budget and scheduling plan will work best for

both the company and its founder.

● Your physical health: Work-related stress can cause serious health issues

over time; if this happens when running a small business or freelancing full-

time, then it could mean having no source of income at all! Make sure that

being healthy is part of your long-term plan by ensuring everything fits

together with less stress overall (such as working from home).

● Your mental health: The same goes here; not only does mental health affect

productivity levels but also helps prevent burnout down the road! So make

sure there's space in between tasks each day so things do not build up too

quickly…this will avoid unnecessary stress later on down the line too.

6. Stay safe, be long-term-minded -- and do what you can to weather the

economic downturn

● Stay safe, be long-term-minded -- and do what you can to weather the

economic downturn

Since starting your business, you probably haven't been able to enjoy much of a

financial cushion. That's why it's so important that you stay safe and try to keep your

expenses low. Here are some tips for doing that:

● Consider getting health insurance through COBRA if it's available for your

situation (check with your former employer). This can provide coverage for up

to 18 months after leaving a job, but at an increased cost (it's typically 100%

more than what you were paying before). It may also be possible for family

members who lose their jobs in the same time frame as yours; check with

them about this option too!

● If possible, make sure all bills are paid on time and organized so there aren't

any late fees or other problems down the road when everything settles down

again

You can get through the pandemic by being flexible

You can get through the pandemic by being flexible. If you don't have a plan, then it's

time to make one. The pandemic is happening now and it's not going away anytime

soon. You may be able to ride out this crisis in your current business model, but if

that isn't working for you or your clients, then change it. Now is the time for flexibility

and resilience; an opportunity to reinvent yourself as an entrepreneur and grow into

new areas of expertise that will help you stand apart from all others in your

industry—in other words: become an expert!

Conclusion

There are many ways to get through the pandemic and make sure your business

stays afloat. But if there’s one thing we can all agree on, it’s that you can’t do it

alone. You need to have a strong support system around you at all times—and this

goes for both your customers and employees. The best way to build up that support

is by being trustworthy and transparent with everyone involved in this journey we call life.

IS HOME HEALTHCARE SAFE?

183:734018494 (Josee Georges) — Wed, 21 Dec 2022 17:09:41 GMT

THE BEST STATE TO START A HOMECARE BUSINESS

Home care businesses are looking at significant growth in the coming years.

10,000 baby boomers each year reach the age of 65. By 2030, all baby boomers will be 65

and over—equaling 1 in 5 of the American population. This means for the first time in US

history, the older population (65+) will surpass children under 18.

As more people reach 65 and over, the demand for care also increases. Yet, the shortage of

beds in nursing homes and assisted-living facilities is due to poor working conditions, which

leaves many people in need of care. Not only that, many people want to stay in their homes

for as long as possible.

This is where Home Care Franchising can help alleviate the pressure on assisted-living

facilities and families across America

As a business owner—or someone interested in starting a home care business—this

presents a huge opportunity to provide health care to aging patients in the comfort of their

own homes, all while building a profitable home healthcare business in a growing industry.

Thinking about starting a home health care business? By partnering with a home care

franchise, you’ll get access to seasoned advice for creating a business plan, company

description, marketing plan, and operational plan so your business can hit the ground

running.

All you have to do is decide which state is the best choice for starting a home care business.

Why Senior Home Health Care Is a Growing Industry

Before starting a home healthcare business franchise, it’s important to understand why

home healthcare agencies are in growing demand in most states.

There has been a big shift from traditional care to home care in the U.S. as older adults are

forgoing long-term care facilities in favor of in-home care provided by medical professionals

and personal care aides. Affordability plays a big part, as does the general shift in the public

perception of the home healthcare industry.

The population of the United States is aging at a faster rate than it is being replaced. This

means that hospitals, live-in facilities, and rehab outpatient centers will quickly run out of

space.

Fortunately, the home healthcare business is prepared to pick up the slack. Given the

nature of home care, and elders playing a larger part in choosing their own healthcare

options, the industry is projected to continue to grow well into the future.

In other words, starting a home care agency in a U.S. state is a strategic business move.

Choosing to start your care business alongside an established franchise partner can be a

quicker way to get your home healthcare business plan up and running, so you can start

seeing profits.

Home Health Care Services Are Affordable

Once considered an afterthought, home care is increasingly top of mind when elders and

their families are looking at safer care options. The coronavirus pandemic has made starting

a home care business the obvious choice when it comes to keeping elders safe at home.

Approximately 40 percent of deaths due to Covid-19 in the U.S. happened in nursing homes

or other types of long-term facilities. Added to that, the inability of residents to be with their

families after the doors to these places were closed as a result of the emergency placed a

heavy burden on the future of this type of care. This has opened a doorway for the home

care agency to thrive.

Given what we’ve learned about the need for families to be active participants in the health

care of their family members during the pandemic, it is almost certain that they will continue

to choose a home healthcare agency over residential facilities in the future.

As families start to move away from the nursing home and assisted living healthcare models of

senior care, the home health care business has moved to the forefront of the possible

options for the elderly, especially during and after the pandemic.

With the right business plan, starting a home care agency is a viable business investment

with excellent returns in the short to mid-term facilities.

Home Health Care Keeps Seniors in Their Community

One of the best parts about starting a home care agency or business is the wide selection of

home health care services your professional caregivers can provide to clients in

care—especially to elderly patients who require help with their day-to-day activities.

Unlike nursing homes, a healthcare agency can provide transportation to:

Local physicians appointments,

Senior centers,

Local yoga classes,

Or coffee dates with friends.

This helps seniors stay engaged in their community and prevents isolation which can lead to

poor mental health.

A professional caregiver can help seniors with everyday tasks such as:

Personal care, including bathing, grooming, and getting dressed

Support senior citizens with grocery shopping and other errands,

Help seniors prepare meals in the comfort of their own homes.

Not to mention assisting senior citizens with light medical care and nursing care, including

physical therapy, blood pressure checks, mental state checks, wound care, medication

monitoring, and other health services. This can be especially helpful for seniors who don’t

need around-the-clock care but could use some personal care assistance a few times a

week.

Do Home Health Care Businesses Provide Better Care?

Starting a home care agency is a rewarding business endeavor.

Maintaining a senior’s highest level of care is also more practical with a one-on-one

approach to home care services. Each home health care provider will only have to care for

one patient at a time, increasing the quality of care while improving the patient’s quality of

life.

It also allows clients to take an active role in their care while maintaining their independence.

With the future looming on the horizon, home care is no longer an issue to be decided on the

fly, and because of its essential nature, it has become a part of a person’s life plan.

How Profitable Is the Home Health Care Business Model?

Starting a home health care can be very profitable if you’re willing to work hard and put in the

hours.

One survey revealed that top home care franchises grow incomes to over $100,000

annually. Since the target audience of a home health care franchise is older adults and

people who need healthcare support, there is no shortage of clients in this recession-resilient

industry.

On top of that, senior health care has one of the highest owner satisfaction ratings.

According to Franchise Business Review, almost 90% of home care franchise owners say

they enjoy their business operations.

With established training frameworks, ownership structure, and a proven business model,

franchise owners are immediately set up for success. Owners can also keep costs low by

operating from their homes in the beginning.

The national average cost of home care runs at $22,000 per year, but at a state level, these

figures can vary significantly.

The Best States to Start a Home Health Care Business

How does starting a home care agency in North Dakota compared to South Dakota?

Will a senior medical care business in Rhode Island do better than one in West Virginia?

We’ve broken down the data of franchising, and here are our top state picks.

Let’s take a look:

California

Demographics : Once considered to be one of the youngest states, California’s senior

population is projected to grow to an estimated 8.4 million people over the next decade,

faster than the national rate, a number that will have doubled by 2040.

Cost of Care : The average cost of home care in California is approximately $4,600 per

month ($55,000 per year). In comparison, the average cost for a nursing home in the state

runs about $125,000 per year, which can end up costing families millions of dollars during

the patient’s lifetime.

Licensing : In California, the Home Care Services Consumer Protection Act requires a home

care franchise to be licensed in order to protect patients who allow home care aides into

their homes.

Oklahoma

Demographics : There are approximately 800,000 seniors living in the state of Oklahoma, a

number that represents 20% of the state’s total population, with this figure being projected to

grow 37% over the next decade. Of these, about 200,000 live alone, with the number

increasing as more and more people reach the age threshold and continue to work.

Cost of Care : Home care for seniors in Oklahoma costs an average of $4,200 per month,

which places it lower than the national average and totals $50,400 per year. On the other

hand, the average cost for a nursing home runs an average of $60,000 per year.

Licensing : The Oklahoma State Department of Health requires licensing for all senior

communities and home care franchises throughout the state.