The typical assisted living resident may be rich or poor or may suffer from Alzheimer’s diseases, or a widowed lady approaching her eighties. Assisted living resident facilities provide support and care to the elderly. It is not ideal for those who need 24hrs medical supervision. The future of what the industry will be like in years to come is difficult to envision, while some agree that it is blurred, others are urging the industry to brace for new residents that will place location, luxury and convenience as priorities. This is because the new sets of residents will likely be ex-presidents, CFO’s of major companies, wealthy businessmen and financially independent people. With these set of people in need of such services, taking up an assisted living franchise opportunity is a viable business, as they will be financially capable of demanding for a more sophisticated kind of assisted living condition. In the near future, irrespective of the magnitude of your facility, services like state of the art design, high functioning care facilities, product design and personalised social and memory activities will be things to consider
Services offered include housekeeping, health promotion and exercises, laundry services, recreational and social activities, meals, transportation, memory care and dementia services. In addition, the facility may also offer medical services like bathing, dressing, toileting and emergency care services some of which are not covered by insurance
Facilities Differ in Size and Nomenclature
Assisted living is known by many different names including personal care, residential care, retirement residences, domiciliary care or adult congregate living. The difference in licensing is based on either the services offered or size of the facility.
A small facility or a renovated home with about six to ten beds offering basic care services like bathing, dressing feeding and laundry are referred to as Residential or board and care. The facility is usually overseen by a small staff and the overall homeowner or proprietor. Such facilities can go on to collaborate with health agencies to deliver medical care to residents.
Modern facilities look more like apartment buildings, with private rooms or suites with locked doors. Instead of the usual hospital like setting and arrangement of a sterile cafeteria, assisted living offers gathering areas spacious enough to accommodate good number of patients. Facilities include couches, gardens and also a dining. Such environment would encourage friendly and social interactions amongst residence.
Majority of assisted living homes now take interest in residents with memory loss or Alzheimer’s. While these residents require less medical attention, they require constant supervision and care as well as a serene and confined environment to restrict them from wandering too far. In conclusion, the assisted living business will continue to grow and boom with the ever teeming population which translates to more market and a prospect for a potential business opportunity.