The Home Care market explained
Home care (also known as domiciliary care) is the ‘front line’ of social care provision to over 350,000 elderly and a further 76,300 younger people with learning disabilities, physical disabilities or mental health challenges, funded by public authorities who commission over 249 million hours of home care.
The sector is highly regulated by the Care Quality Commission (CQC) who, through inspection, assess and grade service levels being delivered by home care agencies.
Demand for publicly funded home care provision is predicted to increase significantly to 468,000 elderly by 2035. In addition, users of self-funded private pay home care, representing an estimated 24% of homecare revenue, is set to increase by 49% whilst care at home for younger adults with learning disabilities is predicted to rise 51%.
Currently an estimated 680,000 people are employed by agencies (similar to the number of people employed by care homes) delivering ‘direct care’ and this number will need to increase significantly in the coming years to meet the growing need. At any one time there are around 110,000 vacancies for staff.
Why should I invest?
The facts speak for themselves. Investing in a business opportunity in a market that is set to grow and in partnership with an experienced market player makes good economic sense!
Flexible healthcare staffing and homecare services in the UK are currently estimated to be worth over £12 billion per year and rising. A growing elderly population, the introduction of the Governments direct funded option for social care provision choice and more people paying privately to fill the shortfall of publicly funded health care means the future is bright for your new venture!
We understand that becoming a franchisee is a big decision, and one that cannot be taken lightly. Talk to us today and find out why our current franchisees say it was one of the best decisions they have ever made!
For more information please email Gavin.Chase@networkhsc.co.uk
