Page 12 - Gracecare Homes Brochure

ADULT DAY CARE FACILITIES
The Opportunity
A survey conducted by HealthDay News found that more than fifty percent of all states do not have enough adult day care centers to serve a growing population. This is despite the fact that adult day care centers keep people that need care at home, in the community, with family and friends and delay or prevent premature institu- tionalization. Gracecare Homes, believes inde- pendent adult day care centers provide a vital resource for consumers and their families and serve a population similar to nursing homes but at less cost. According to a study funded by Robert Wood Johnson Foundation, conclusive evidence was found that “adult day care centers can be part of an alternative cost-effective, long-term care strategy for the frail, elderly and people with de- velopmental disabilities”.
Baby Boomers make up about 26 percent of the population. Cal- ifornia has the highest population of Baby Boomers (9 million), followed by Texas (5.6 million), New York (5.1 million), Florida (4.6 million) and Pennsylvania (3.4 million). On December 31, 2029, the last of the Boomers will turn 65. The 65+ population segment is projected to double to 71.5 million by 2030 and grow to 86.7 million by 2050. Possibly more than 80 million will be on Medicare and Social Security.
Overview
Service of demands
The “baby boom” generation includes those persons born between 1946 and 1964, representing the largest birth cohort born in the United Stated. This group currently comprises 31% of the United States popu- lation. By the year 2030, all surviving members of the baby boom generation will be age 66-84, represent- ing one in five Americans. This trend in aging of the United States population presents both challenges and opportunities at the federal, state, and local levels.
The evolvement
Adult day care centers, encompass both medical
and social day care programs and originated in the 1950’s as geriatric day hospital programs. Adult day care services began in response to the rising costs of nursing home care and the demand for more commu- nity-based services for the elderly. In 1981, the Om- nibus Budget Reconciliation Act encouraged com- munity-based services for disabled adults and made additional state funds available for adult day care centers through waiver programs. Today, adult day care centers are a rapidly growing industry, especially in the private for-profit sector.