The Franchise Times Top 200+ is an annual ranking of the 500 largest franchise systems in the United States by global systemwide sales, based on the previous year's performance. The company must also be based in the United States, or have at least 10 percent of its total units in the United States.
According to Franchise Times, the Senior care brands make up most of the health and medical category, which turned in a robust 14.5 percent growth rate when considered all together. This information is not surprising with the significant increase of baby boomers aging in the United States.
Senior Helpers replaced Right at home, up 12.7 percent, in the No. 2 spot. Senior Helpers' CEO and co-founder, Peter Ross cited his focus on making the franchise a "thought leader" in today's healthcare trends. "Senior Helpers has positioned itself as a leader in chronic care management. Eighty percent of the needs of seniors is not clinical, it's behavioral, social and emotional," he said. In a pilot program to test telemedicine, for example, Senior Helpers was able to reduce emergency room visits by 14 percent. "It's a big, big win for the senior," he said. Ross believes all senior providers need to get ready for what's coming. "One of the things we really try to focus on is understanding the social component of health. People think of the silver tsunami, but baby boomers don't even turn 80 until 2026. We've got to find a way to solve this."
It's no wonder the sales growth for home health care has increased significantly. According to a 2018 U.S. Census Bureau report, in 2035 “there will be 78.0 million people 65 years and older compared to 76.4 million under the age of 18.” This will be the first time in U.S. history that the elderly population will outnumber children. This demographic shift poses various challenges with the public health system. This is the perfect time to capitalize on the booming need for senior home care.
When considering which franchise to go with, why not go with Senior Helpers? They're a leader in the industry when it comes to sales growth and innovation. Not to mention they are a destination for caregivers and are the first and only national home care company to receive the Great Place to Work ® certification.
You can get started on your franchise journey today with Senior Helpers by completing our inquiry form or calling 1-877-376-7120.
REFERENCES
2019 Population Reference Bureau.