Home Health Franchises: Different Types to Consider

Home health franchises may seem similar, but there are some differences you need to know before you make a decision. Use our guide for comparing franchise opportunities.

WHY INVEST IN A HOME HEALTH FRANCHISE ANYWAY?

Before determining the right type of franchise, you may be wondering, “Why invest in the home health industry at all?” The short answer is: growth potential. Senior care services are already in demand and that’s only projected to increase. Research shows that the senior care industry is expected to reach a remarkable value of $2,366.4 billion by the end of 2028 – growing at a compound annual growth rate (CAGR) of 6.8% from now until the end of the forecast period.

Also, Baby Boomers are aging. 10,000 Boomers are turning 65 years old every day. As the younger generations put off having children (or ultimately decide to not have any), there will come a time in the near future when the senior population will outnumber kids in the United States.

 TYPES OF HOME HEALTH FRANCHISES

The goal of all home health franchises is to provide the highest quality care for their clients. However, the services they provide can differ greatly.

  • Non-medical home care: This type of home health business specializes in helping the elderly or disabled live at home comfortably. A lot of the services they provide include cooking, housekeeping, medication reminders, assistance with errands, and companionship.
  • Home healthcare: These franchises offer more specialized care including nursing, therapy, hospice, and other health care services. Some may also provide non-medical services as part of their care plans.
  • Mobility product franchises: These franchises provide mobility aid products such as canes, crutches, walkers and more, allowing for seniors and those with disabilities to be able to move around more easily at home.
  • Assisted living referral: These franchises help families find the best matched assisted living places for their loved ones to live if they are in need of around-the-clock care.

Having a variety of home health franchises to invest in is helpful, but the best part is the affordable investment costs. Since most home health business opportunities provide services that take place within the home, there isn’t as much of a need to have a large space to work from. When you don’t need to rent a lot of office space, you’re able to cut down on your investment costs considerably.

 FRANCHISE WITH ALWAYS BEST CARE

Always Best Care provides a great franchise opportunity for those looking to make a positive impact in their communities. We got our start back in 1996 and began franchising 10 years later. Our brand now has more than 200 locations across the U.S. with ample opportunity to continue expanding our footprint.

At Always Best Care, we have a continuum of care, which allows us to be present at multiple life stages. Our franchise locations specialize in providing in-home care, assisted living services, home health care, Veteran’s care, and special services. Our diversified offerings allow our franchise partners to build multiple revenue streams. Recently, Always Best Care was named one of the Top Low-Cost Franchises by Franchise Business Review and one of the 25 Most Affordable Franchises by Black Enterprise Magazine.

All Always Best Care franchisees benefit from our proven, successful training and support program combining both corporate and local level support. We have a full team of industry professionals who are committed to helping you as you navigate how to open a home care agency. We have Area Representatives and National Directors who can provide you with invaluable coaching, mentoring, and business-building advice.

Most importantly, as a means to protect everyone’s marketing efforts and all new client referral sources, we have a strict territory policy. This gives all of our franchisees equal chance to growth their businesses without stepping on each other’s toes.

To learn more about our franchise opportunity at Always Best Care, fill out this form to get a copy of our free e-book and one of our representatives will be in touch.

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