Kenyon HomeCare ConsultingAARP Forecasts Significant Caregiver Shortage as Baby Boomers Age - Kenyon HomeCare Consulting (206) 721-5091

Kenyon Connects

AARP Forecasts Significant Caregiver Shortage as Baby Boomers Age

AARP, formerly the American Association of Retired Persons, does a good deal of research on topics of interest to elder Americans. I came across an interesting research paper from the AARP Policy Institute entitled The Aging of the Baby Boom and the Growing Care Gap: A Look at Future Declines in the Availability of Family Caregivers. You can read the full paper here.

A Picture Paints 1,000 Words

If you don’t have the time to read the paper in its entirety, here’s the summary:

• People are living much longer than in the past
• Family sizes are getting smaller
• Baby Boomers are retiring at a rate close to 10,000 people per day

Here’s the message in graphical form:

Aging Population

Aging_Population

 

 

 

 

 

 

 

 

 

Ratio of Available Caregivers
Caregiver_Ratio

What Does This Mean for Home Care?

The takeaways for home care are as follows:

1. Your market is growing, but
2. Your available Caregiver Pool is shrinking, and so
3. You’ll need to think about new models:

• Route Optimization for Caregiver Travel
• Client self-monitoring and “TeleCare” capability

What Are You Doing to Prepare Your Agency for the Future?

Ankota and Kenyon HomeCare Consulting focus on home care agencies who are looking to future-proof their businesses with capabilities like those listed above and agencies looking to position themselves to manage care transitions. Let us know if we can help.

AARP Forecasts Significant Caregiver Shortage as Baby Boomers Age first appeared on the Ankota blog.

Ken Accardi founded the software company Ankota. Ankota provides software to improve the delivery of care outside the hospital, focusing on efficiency and care coordination. Ankota’s primary focus is on Care Transitions for Readmission avoidance and on management of Private Duty non-medical home care. 

Category: Agency Startups & Diversification, Staffing

Leave a Reply

Your email address will not be published. Required fields are marked *