Assisted Living Center, Advantages & Disadvantages

The coherent society could be characterized by the great level of attention given to health care issues. The approach to the delivery of care changed greatly, and at the moment, people expect a high level of services and positive outcomes. Moreover, there is a great demand for establishments that work in the given sphere. In this regard, the businessmans attempt to open an assisted living center could be considered a successful business venture. There are several reasons for this statement. First, the analysis of a number of real-life examples evidences the great profitability of this sort of project (Get In on the Hot Senior Care Market, n.d.). The high level of income is conditioned by the increased rates of people suffering from Alzheimer disease and other illnesses of this sort.

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Demand breeds supply, which means that the above-mentioned category or relatives are ready to pay money to guarantee the appropriate level of care and hoping to achieve at least some improvement. Secondly, assisted living centers could be considered one of the major concerns peculiar to modern society. Disabled and sick people might also have the need for convenience and a comfortable environment. Assisted Living Center, Advantages & Disadvantages.  However, very often, close people are not able to satisfy these patients specific needs because of the lack of theoretical knowledge and skills. Besides, centers of this sort hire the qualified staff and buy the appropriate equipment to create the beneficial environment. The combination of these reasons conditions the great potential success of this new business venture. Furthermore, the high level of demand for these services guarantees high and stable incomes. Altogether, it is possible to conclude that a businessman organizes beneficial and at the same time socially useful project that could help people.

Besides, there are also several risk factors that might result in the projects collapse. The first one is the high level of rivalry and the tendency towards its further growth. The increased demand for healthcare services and numerous problems related to the further spread of severe diseases that impact peoples ability to move and live independently predetermine the appearance of a number of similar projects aimed at the satisfaction of these needs (Maxwell, 2014). That is why the comprehensive analysis of the current market situation, advantages and disadvantages of the main rivals, and their further actions are crucial for this very business venture. Additionally, there is also the great risk of new entrants. The health care delivery market has the tendency to the further growth which means that the level of incomes is expected to grow and attract new actors.

In this regard, there should be an efficient strategic plan that could help to face numerous problems and overcome difficulties that will obviously appear. Finally, there is a certain financial risk as even the consideration of the most important aspects of the new business venture could not guarantee stable and gradual evolution of an assisted living center. Altogether, the existence of all these risks could hardly be taken as the constraining factor that might prevent a businessman from organizing the new project. The projects owner could still count on great incomes because of the topicality of the issue. Concluding, one should admit the perspectives conditioned by the creation of the new business of this sort. Moreover, there are several real-life examples that evidence the profitableness and exploitability of this sphere (Maxwell, 2014). The current market situation could be considered extremely beneficial for the new market entry.

As parents and loved ones become older, their wellbeing and safety can become major concerns. For all of us, our memories can struggle with age, and that can affect how well we look after ourselves. That can range from forgetting to take daily medicines, to having trouble getting out of bed, to falling in the night. It can be scary and upsetting for a grown up child to see their parent get old and struggle, but it is important to be aware when they need extra help. If you think that your parent needs some extra everyday assistance, there are many care options available. From home care workers to 24 hour residential care. Here we highlight some of the advantages and disadvantages of home care and residential care, to help you make the right decision for your loved ones.

For older adults that are able to do most of their day to day activities independently, but require additional support with cooking, cleaning, house work or getting out and about, home care can be a great option. Many organisations offer a range of support services, so that you and your parent can decide how much support to organise.

Advantages of using home care:

• Carers visit on a daily basis to assist with everything from bathing to cooking, cleaning, buying groceries and taking your parents to doctor’s appointments.
• Individuals can remain in living in their own home and maintain a degree of independence which can be really important for many.
• For those that prefer home comforts, residential care might be overwhelming so home care offers a great intermediary option.
• Home care ensures that family and friends can come over at any time and are not restricted by visitation hours which can be important in maintaining mental wellbeing and preventing loneliness.
• As the older person remains in their own home, and doesn’t get 24 hours care, often, home care is more affordable than residential care.

Disadvantages of home care:

• Although home care may be cheaper on the surface, the home may need fitting with ramps, railings and chairlifts, which can become costly and difficult to organize.
• Many home care agencies change from week to week and this can be unsettling for older people as well as their families. If home care is opted for, make sure all financial options are discussed and that everyone is happy to proceed.
• Some older people may not trust external support. This can make them feel vulnerable and alone. It is important to talk to older parents about their worries, and also consider whether the carer is right for them.
• For older people who are very social, some may enjoy the social side of sheltered housing or residential care- which is not offered by home care.  Assisted Living Center, Advantages & Disadvantages.

Residential Care

Residential care, strictly speaking, is out of home care for those with no longer able to live alone and who have low additional care needs. However, many people and organizations have come to use the term ‘residential care’ to describe all out of home care, including the most complex and intensive care such as nursing care and specialist care for those living with dementia.

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If your parent needs extra support and is no longer able to live alone, then residential care can be the right solution. However, the confusion over what term to use can be just the tip of the iceberg with regards to deciding what type of out of home care to look for, and where to look for it. However, the most important thing is to start the research process, consider what advantages and disadvantages residential care could offer and discuss it with your parent. Here we have listed some of the most important pros and cons consider:

Advantages of residential care:

• Residential care is a safe and secure option for older people who are no longer able to live alone, or who are lonely. Residential care ensures all of the individuals living needs are taken care of and the home will provide a room and full board. This will remove the responsibility and worry about doing house work or making own meals.
• Personal and medical care is available 24/7, which can be really helpful for older adults who are lonely, prone to falling, or who require frequent medications but often forget. Having staff on hand all the time to help out can also reassure older people. Assisted Living Center, Advantages & Disadvantages.
• Many residential care homes allow those who are married to stay together. This can be reassuring for many senior citizens who are afraid of separation.
• Most residential care facilities offer activities and trips. Activity programs provided by care teams can vary depending on location, and size of the home, however activities can include gardening, baking, gentle exercise and music. Some residential home also offer specialist activities such as brain training and complementary therapy.

Disadvantages of residential care:

• Residential care is typically more expensive that in home care due to its all inclusive nature and the fact that staff are available 24/7. This can make it difficult to access for some families.
• Residential care can be a nurturing environment. Organisations such as Oomph Wellness, can make life in the home active and enjoyable, offering engaging activities and help with getting out and about. However, despite the activities on offer, some older people can find it difficult to adapt to living in a care environment, and miss their independence. It is important that you talk to your loved ones about residential care, and ask them about the activities they would like to get involved with, and what worries them, before committing to a residential home.
• Although most homes have all-day visiting hours, the location of residential care can be some distance from the family. This makes it harder to maintain family bonds and regular activities. It is important that you consider distances when choosing which care home is right for your loved one.

After considering all the possible advantages and disadvantages, it’s important to remember that everyone is different, and that no matter how elderly your parent may be, or how much care they may require, it is important to include your parents in the discussion about their care to help them feel more comfortable and confident in the care that they receive  . Assisted Living Center, Advantages & Disadvantages.