Why invest in home care and technology? Some recent ads offer almost the same sparkling investment level that characterizes the investor spending spree of 2016, perfectly noted in a 2016 Forbes article. The Forbes list included the $ 157 million donated to Care.com, sadly revealing a shocking lack of corporate oversight of social workers in 2019. Home care assistance received $ 100 million in 2016. In fact, 2013-2017 saw the rise, the rise and then the fall Home Hero - which raised $ 18 million (closing in 2017) and Hometeam's $ 40 million in 2016.
Why the foam? Home care, a large and growing market. In 2019, the the private home care market was 23.5 billion - or a quarter of the $ 95 billion home health care market. In 2019, Medicare Advantage has started to cover some unqualified households care. So that made the market even more attractive. And just this last week HomeThrive Announced $ 18 Million Series A Round touting its technological clearance, and Honor - with its'technological expertise ' - announced an additional $ 140 million D series investment, bringing its total to $ 255 million since 2014. Meanwhile, Hometeam's remaining assets were absorbed into HT Health and renamed Vesta Health in 2020, with a Series A round of $ 30 million and a focus on the reimbursed Medicaid market.
Investors in this market should think about its many worsening issues. So we have an aging population that really wants to stay home (and their families agree). It sounds so potential, but it is fraught with risks (see Care.com last year) and unshakeable and worsening problems. It is a very fragmented market of franchises and independent companies, each with their own management, across the United States. And that same 2018 article noted a serious problem of worker turnover, up to 67% per year (at the time), as well as a critical shortage of workers.
Today's home care workers face serious challenges. You wonder what investors really think about this space beyond the aging population and the (possible) help of technology. Workers can worry about Covid and protect themselves and their families. They can spend significant and risky travel time to reach the homes of care recipients. And there is a lot of competition for the same low-paid workers to work in senior communities, nursing homes, and as private service aides.
Finding and retaining workers will become more difficult. It is well known that he becomes more difficult to attract workers to jobs who pay $ 10 / hour to care for seniors who may have multiple health and mobility issues - versus at $ 11.62 / hour to start at Walmart. And no matter how tough the job at Walmart is, when you compare it to washing, lifting, feeding and moving frail elderly people, it takes a very special person ready to do the job. Do investors think realistically about the landscape when paying large sums? Are they expecting an acquisition or a big merger? By or with whom? And if so, when?
What does it mean to age gracefully ? You can’t stand in a checkout line without seeing at least a few magazine headlines about how to look younger. While dreading some wrinkles and sagging isn’t uncommon, there’s so much more to aging well.
Aging gracefully isn’t about trying to look like a 20-something — it’s about living your best life and having the physical and mental health to enjoy it. Like a bottle of wine, you can get better with age with the right care. Read on to find out what to do and what not to do on your quest to age happily.
Your skin is your body’s largest organTrusted Source. If you treat it with care, it can better protect your body from the elements, regulate your body temperature, and provide sensation. tera keep it looking and functioning at its best : Wear sunscreen and protective clothing when outside. Get yearly skin cancer screenings. Stick to gentle products in your anti-aging skin care routine. Stay hydrated.
Your skin is your body’s largest organTrusted Source. If you treat it with care, it can better protect your body from the elements, regulate your body temperature, and provide sensation. to keep it looking and functioning at its best : Wear sunscreen and protective clothing when outside. Get yearly skin cancer screenings. Stick to gentle products in your anti-aging skin care routine. Stay hydrated.
Regular exercise significantly lowers your risk of diseases, such as heart disease and cancer, and helps you retain your mobility longer. Exercise also lowers stress and improves sleep, skin and bone health, and mood. The Department of Health
Healthy foods are the way to go when it comes to aging gracefully. The Dietary Guidelines for AmericansTrusted Source recommends that you eat : fruits and vegetables, either fresh, frozen, or cannedlean protein, such as fish and beansat least three ounces of whole-grain cereals, breads, rice, or pasta every daythree servings of low-fat or fat-free dairy, such as milk, yogurt or cheese that are fortified with vitamin Dhealthy fatsAvoid using solid fats for cooking and use oils instead. Stay away from processed foods, refined sugars, and unhealthy fats. You should also keep your salt intake to a minimum to keep your blood pressure down.
Being happy and keeping your stress down goes a long way in helping you real and age well. to keep your mood elevated : Spend time with friends and loved ones. Meaningful relationships and a strong social network improve mental and physical well-being and longevity. Don’t forget your furry loved ones as having a pet has been linked to lower stress and blood pressure, reduced loneliness, and better moods. Accept your age. There is evidence that people who maintain a positive attitude about aging live longer and may recover better from a disability. Aging is inevitable and learning to embrace it can make all the difference. Do things you enjoy. Taking the time to engage in activities you enjoy will only fioul your happiness. Spend time in nature, pursue a new hobby, volunteer — whatever brings you joy.
Numerous studiesTrusted Source have linked a sedentary life to an increased risk of chronic illness and early death. Some possibilités to stay active are going on walks and hikes, taking vacations, and participating in group exercise classes.
The effects of stress on your body are vast, ranging from premature aging and wrinkles to a higher risk of heart disease. There are a number of proven ways to relieve stress, including : using relaxation techniques, such as meditation, breathing exercises, and yogaexercisinggetting adequate sleeptalking to a friend
Smoking and alcohol have both been shown to cause premature aging and increase the risk of disease. Quitting smoking isn’t easy, but there are resources available to help you quit. Speak to a doctor about how to quit. As for alcohol, limit your intake to the recommendedTrusted Source amount to avoid health risks. That’s one drink per day for women and two drinks per day for men.
Good sleep is important for your physical and esprit health. It also plays a role in your skin’s health. How much sleep you need depends on your age. Adults over 18 should aim for seven to eight hoursTrusted Source of sleep every night. Getting enough sleep has been proven to : lower the risk of heart disease and strokereduce stress and depressionlower the risk of obesityreduce inflammationimprove focus and concentration
Finding new and meaningful hobbies can help you maintain a sense of purpose and keep you engaged throughout the course of your life. Evidence shows that people who engage in hobbies and leisure and social activities are happier, experience less depression, and live longer.
Mindfulness is about acceptance and living in the moment by focusing on the present. Practicing mindfulness has many proven health benefits that can help you age better, including : improved focusbetter memorylower stressimproved emotional reactionrelationship satisfactionincreased immune functioningTo practice mindfulness, try : meditationyogatai chicoloring
Drinking enough water helps keep you regular and improves your energy levels and brain function. Coincidentally, it’s also been provenTrusted Source to help keep skin healthier and reduce signs of aging. How much water you should drink depends on : your thirstyour activity levelhow often you urinate and move your bowelshow much you sweatyour genderSpeak to a doctor if you have questions or concerns about your water intake.
Not taking care of your teeth not only ages your smile, but also puts you at risk for gum disease, which has been linked to heart disease, stroke, and bacterial pneumonia. Along with proper oral care, it’s important to see a dentist regularly. According to the American Dental Association, a dentist can spot signs of nutritional deficiencies, contamination, cancer, and other illnesses, such as diabetes. They recommend brushing twice a day, flossing once a day, and using a mouth rinse.
Seeing a doctor regularly can help the doctor find problems early or even before they start. How often you see a doctor depends on your age, lifestyle, family history, and existing conditions. Ask your doctor how often you should go in for checkups and screening tests as you age. Also, see a doctor anytime you experience concerning symptoms.
Though aging is inevitable, some people find it difficult to deal with the changes that come with getting older. If you’re worried about your health, are having dysfonctionnement feeling positive about aging, or worry that you’re not aging well it’s important to reach out for help. Talk to someone you trust, such as a family member or close friend. Professional help is also available through a doctor or a counselor.
Aging gracefully is more about being saine and happy than keeping wrinkles at bay. Maintain a saine lifestyle, surround yourself with people you love, and do things that bring you joy. It’s natural to worry about the défis that aging can bring, so don’t hesitate to speak to someone about your concerns.