Industry Statistics
By the year 2030, 70 million Americans will be 65 years old or older, making up 20% of the population, up from 35 million in 2000. The long term care industry will serve and care for many of these seniors. Many factors and trends affect how organizations in the industry will manage to successfully serve seniors and grow in respond to their changing needs and demands. AIM will help provide you with some of the latest trends in senior care to help you plan for the future.
Trends…
Roughly 1.5 million seniors received care in one of 18,000 nursing facilities, as of 1999.
Seniors in the U.S. are living longer with a rising number of chronic conditions.
More than 54.5% of the senior population has, at least, one disability, and a significant number (37.7%) have, at least, one severe disability. These numbers increase dramatically for seniors over 80 years old.
Circulatory diseases and cognitive mental disorders rank highest on the list of illnesses at admission to nursing homes.
Other diseases that are on the rise among seniors include:
- Diseases of the musculoskeletal systems and connective tissue
- Diseases of the nervous system and sense organs
27.1% of nursing home residents have 9 or more routinely scheduled medications.
Federal spending on home care is expected to nearly double from 2000 to 2011.
An estimated 41 states now offer some Medicaid reimbursement for assisted living.
According to a report by the Department of Health and Human Services (HHS), the nursing shortage now stands at 6%; if left unaddressed, the shortage will balloon to 20% by 2015
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Current inflation rates for labor and related benefits exceed the average government payer growth rate, compromising staff remuneration, as well as recruiting and retention efforts.
Assisted Living Statistics
- Assisted living facilities are not regulated by the federal government; they are regulated by individual states, which are free to use a variety of terms to describe ALFs. The resulting assortment of descriptions makes it difficult to collect precise statistics about the assisted living sector.
- By 2000, there were an estimated 32,886 liscensed ALFs.
- Approximately 35% of ALFs are concentrated in California, Florida, and Pennsylvania. Since 1998, the number of assisted living facilities has increased by 30%, the majority occurring in Delaware, Iowa, New Jersey, and Wisconsin.
- Approximately 75% of the almost 1 million residents in assisted living facilities are female. The average age of residents is between 80 and 83 years old.
State & County QuickFacts
The Census Bureau's Map Stats is an easy way to research demographic information for all fifty states. Quick, easy access to facts about people, business, and geography.
http://quickfacts.census.gov/qfd/index.html
http://www.cdc.gov/nchs/agingact.htm
HUD Information
Concise overview of HUD Department programs from multifamily housing to fair housing, community planning and development to lead paint abatement.
http://www.huduser.org/whatsnew/ProgramsHUD05.pdf (PDF download)
Trends in Starting Senior Businesses
Seniors are the hottest demographic out there, and this market is only going to get bigger. Get in on this growth industry with these nine hot businesses, including: Senior Care Consultant, Senior Meal Delivery, Clothing, Transportation, and Day Care.
Read the article provided by Entrepreneur Magazine.
More Statistics
http://www.caregiver.org/caregiver/jsp/content_node.jsp?nodeid=440
http://www.getriil.org/statistics.htm
http://www.arclab.org
http://www.aoa.gov/prof/Statistics/statistics.asp
