Franchise Times: Aging Population Causes Spike in Senior Care Worldwide

The senior care franchise industry faces challenges in expanding globally, including cultural issues and navigating government-funded health care options.

Read the original at 1851 Franchise
Franchise Times: Aging Population Causes Spike in Senior Care Worldwide

TL;DR

The senior care franchise industry is growing rapidly due to the aging Baby Boomer population, but faces challenges in expanding globally. The industry must navigate cultural issues and government-funded health care options when expanding internationally.

With the Baby Boomers increasingly aging, the senior care franchise industry has grown rapidly. However, according to a recent article in Franchise Times, expanding and meeting needs in countries outside of the U.S. can pose a variety of problems due to both cultural issues and maneuvering government funded health care options.

“The biggest roadblock is that there’s often an expectation that government is going to pay for all services,” Eric Little, chief development officer for Omaha-based senior care franchise Right at Home , told Franchise Times. “We have had to show that there is indeed a private-pay market for these services in many of these countries.”

Little added that unit-level economics are strongly considered, as are demand and the reception of services, as the brand develops their international growth strategy.

Brian Jaeger is a Vice President of Media Relations at No Limit Agency. Brian joined No Limit Agency after seven years working for local television news stations in Florida, four years at WCJB in Gainesville and three years at Bay News 9, the 24-hour local news station in the Tampa Bay area. Brian is a graduate of the University of Florida, where he studied journalism and telecommunications.

He brings a journalist’s viewpoint to the public relations field, and when he’s not busy telling the stories of No Limit Agency's brands, you can find him writing, on a karaoke stage, or cheering on the Gators.

In this story

This story was originally published in 1851 Franchise on November 3, 2016. Burnaze summarizes and links to the original reporting.

Read the full story at 1851 Franchise

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