The 1900s is an interesting time period to study in terms of demographics. The few decades following World War II saw an unprecedented increase in births that had never occurred before and will likely never occur again.
Baby Boomers were born some time during 1946 – 1964. This means that since 2011, approximately 10,000 baby boomers have been turning 65 every year, according to the U.S. Census Bureau. This will continue through 2029, at which point more than 20% of the United States’ population (or 60 million people) will be 65 years or older.
In the 1960s and 70s, three factors caused the senior care industry to begin growing:
- Government support for aging Americans increased (Medicare),
- The National Institute on Aging was formed, and
- Life expectancy increased, meaning there were more elderly people needing care.
In an article on Franchise Help about its analysis of the senior care industry in 2016, 90% of seniors surveyed expressed wishes to remain in their homes for as long as possible rather than move to an assisted living facility, nursing home, or other type of care facility.
Another article claims the number of people requiring daily at-home living assistance will reach 27 million by 2050. The U.S. Department of Labor projects job growth for home health and personal care aides of 70% by 2020.
This graph taken from Statista shows the increase in Medicare home health agencies from 1967 to 2014. The data shows a jump from the 1980s to the 1990s with a steady increase to over 12,000 by 2014.
If you’re running a home health agency and don’t have an answering service, it could be a valuable addition to your business. Anserve’s home health care answering service can help you provide better service to your customers. As the industry changes as a result of medical advances and an aging population, our home health answering service will be able to grow with your business. Our representatives are highly trained to deal with the unique demands of a home health agency. Contact us today to learn more.