Study Document
Establishing a Home Health Care Company in San Diego Business Plan
Pages:3 (1023 words)
Sources:3
Document Type:Business Plan
Document:#74613125
Home Health Care in San Diego, CaliforniaToday, the people of San Diego, California enjoy a comparatively high standard of living as demonstrated by a sustained growth in the citys population over the past half century. Although the citys population is also young compared to national averages, the growth in the percentage of elderly residents continues to outpace other demographic segments. This trend has been matched by corresponding efforts to help the elderly and others in need on ongoing health care services remain in their own homes in order to optimize their quality of life. The juncture of these trends has resulted in increased demand for home health services in the San Diego area. The purpose of this paper is to examine the feasibility of establishing a home health service, Adaptive Home Health, LLC, in the San Diego area by providing a market analysis summary of home health services in this region, including both skilled and unskilled workers and a market segment strategy for the San Diego area. In addition, a discussion concerning recent and current trends and growth in this industry is followed by a needs assessment, an overall industry analysis including current competition levels and a summary of the research in the conclusion.1. Market analysis summaryHome health care services are segmented according to the types of services they provide. In general, home health agencies provide a wide array of private in-home skilled under the supervision of a physician as well as unskilled care for elderly individuals and those who require assistance with chronic diseases or other disabilities (Barnes Reports, 2021). Some of the typical skilled work that is performed by home health care workers include the provision of post-surgical/post-inpatient care; wound dressing and care management; observations and assessments; physical therapy and intravenous therapy (About Us, 2022). In addition, many home health services also provide home health aide services that include assistance with personal care and daily activities of living such as grooming, bathing, assistance getting dressed, linen changes and even meal preparation (Home Health Services, 2022)..2. TrendsThe major trends in…
…2022), and it is reasonable to suggest there are dozens more in the greater San Diego conurbation. In other words, despite being a growth industry, the home health care industry is experiencing significant competition in heavily urbanized regions of the country in general and in San Diego in particular due in large part to its rapidly aging population but other factors that are related to individual consumer preferences for their health care.ConclusionThe research was consistent in showing that a significant percentage of the 3.3 million residents of San Diego is comprised of elderly individuals as well as those with chronic conditions that require in-home health care services. The research was also consistent in showing that the demand for both skilled and unskilled direct care providers is increasing in San Diego. Companies competing in this industry, however, are faced with some challenges that must be taken into account when evaluating the feasibility of establishing a new enterprise, including most especially the nationwide shortage of these workers and increasing competition from other similarly constituted…
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