Tag Archives: Baby Boomers

More Baby Boomers Caring for Parents in Their Homes

Due in part to the fact that Americans are living longer, there are now over 70 million baby boomers who are now dealing with the reality of having to care for their aging parents or grandparents. Supplying geriatric care needs can affect these individuals on many different levels. Impediments such as arthritis, high blood pressure or increased blood sugar levels are just a few of the concerns that may require the attention of someone taking care of an elderly person. In addition to these medical conditions, incontinence and immobility may be additional burdening concerns, as well as comorbidities such as COPD (Chronic Obstructive Pulmonary Disease, CHF (Congestive Heart Failure, and Dementia.  With this in mind, aging adults may need the assistance of geriatric care professionals, in conjunction with skilled caregivers, in order to afford a safe, healthy, stress free environment for their loved ones.

Today, a number of geriatric care options exist for concerned baby boomers to choose from. There are nursing homes, assisted living facilities (ALF), independent living facilities, and in-home care service providers. Depending on the extent of service and assistance necessary, any of these geriatric care options could be a viable solution. While nursing homes and assisted living facilities may be more convenient for the responsible family member, these sorts of geriatric care options may also be cost prohibitive. According to Genworth’s 2016 Cost of Care Survey, the average cost of private nursing home care in the US is now $92,345 per year (or $235 per day). Assisted living facilities usually charge less, while in-home care is the least expensive option with flexible payment rates that can vary depending on the skill set and time required for the patient’s care.

Aside from these usual geriatric care options, there are those who choose to offer care for their elderly parents or grandparents personally. They are classified as “informal caregivers”, and provide in-home care for their loved ones without formal training or education in geriatric care. While this setup may be motivated by very noble causes, the physical, emotional, and psychological pressures associated with this kind of arrangement could become a very large burden for someone to assume. In addition to the pressure of caring for an elderly person, there may also be some legal implications if you cannot provide the level of appropriate geriatric care needed for your elderly relatives.

Just recently, prosecutors from the State of Pennsylvania charged an “informal caregiver” with allegedly committing “assisted suicide” to his chronically ill and aged father, in spite of the personal requests to end his life due to the fact the father felt an undue burden was being placed on his child. It is important to note that taking care of the elderly requires tremendous amounts of dedication, care, and caution on a daily and ongoing basis.

Well Beyond Care Selected as Finalist for Austin Rice Alliance Event January 25

For Immediate Release

Contact:
Lauren Tarrant, RN
Chief Nursing Officer
Well Beyond Care, Inc.
(512) 809-4057
lauren@wellbeyondcare.com

Well Beyond Care Selected as Finalist for Austin Rice Alliance Event January 25

A Health Tech Company Disintermediating Private Duty Care has Been Chosen as One of Ten Companies Presenting at the 2017 Startup Pitch Competition

Austin, TX, January 20, 2017 –Well Beyond Care, an online company taking private duty care to the next level, is pleased to announce it has been selected as one of the finalists for the Rice Alliance startup pitch competition for emerging companies in the Austin area.   Well Beyond Care will compete against 9 other startups that are looking to move to the next level.  For more information on the Wednesday, January 25th event, follow this link.

Well Beyond Care is the only company that teaches families and individuals how to find and manage affordable non-medical in-home care, while solving the chronic problems of caregiver truancy and turnover.  Our platform uses the power of the internet to offer families the ability to care for their aging parents from a distance, allowing them to safely age-in-place. The company also provides nurses to help with healthcare resources, support and transition care in and from the healthcare community in an effort to avoid emergent visits, hospitalizations and nursing home placement. This solution lowers stress when hiring a caregiver and saves families on average $10,000 to $30,000 per year in care costs.

RiceALogRice Alliance – Austin Chapter and the Central Texas Angel Network (CTAN), along with sponsor American Bank, are teaming up to host a special pitch competition that will offer valuable in-kind prizes and a potential for a significant cash investment to the company with the best business pitch.

The target companies for this competition are pre-Series A and have raised less than $1 million to date. Competing companies will give a 3-minute pitch to a panel of judges and a large theater audience. Networking with judges, sponsors, other presenters, and audience members will provide further opportunities to discuss business ideas.

“It is always great for Well Beyond Care to showcase how our online service can help adult children with aging (geriatric) parents solve the serious and upsetting concern regarding what to do to keep mom and dad safe and at home. With the sophisticated healthcare development over the past 50 years, seniors are living longer and this creates an ever growing need for personal care, and this crisis is only getting bigger as more than 65,000 baby boomers retire every week,” states Jeffrey Fry, CEO of Well Beyond Care.  “We know that there is a huge opportunity for a company to solve this looming crisis in caregiving, and it will be wonderful to also present with other Austin startups,” Mr. Fry added.

About Rice Alliance – Austin Chapter:
Rice Alliance – Austin Chapter aids entrepreneurs and investors alike, principally through educational events and workshops but also through mentoring, funding, partnership, and networking. The Austin Chapter was formed in 2003 as the successful Rice Alliance for Technology & Entrepreneurship initiative at Rice University in Houston expanded its footprint. Austin was an obvious choice and the Austin Chapter now claims an important space in the entrepreneurial community in the capital city. Learn more at austinricealliance.org.

About CTAN:
Central Texas Angel Network (CTAN) is the largest angel investing network in Texas, and the #1 most active single-chapter group in the nation (for 2015).  It mission is twofold:  To provide quality early-stage investment opportunities for accredited angel investors, and to assist entrepreneurs and early-stage growth companies by serving as a key source of funding, mentorship, strategic advice, and educational resources. CTAN was founded in 2006 by local investors and community leaders, who believed that early-stage investing could provide a meaningful return for investors while also spurring local economic growth. Individual members of the organization volunteered their time and expertise to review potential investments and assist entrepreneurs.  Learn more at centraltexasangelnetwork.com.

Retirement Age: Caring for Baby Boomers

200258139-001To date, over 75 million baby boomers are dealing with the reality of having to care for their aging parents or grandparents. Supplying geriatric care needs can affect these individuals on many different levels. Impediments such as arthritis, high blood pressure or increased blood sugar levels are just a few of the concerns that may require the attention of someone taking care of an elderly person. In addition to these medical conditions, incontinence and immobility may be another burdening concern, as well as comorbidities such as COPD (Chronic Obstructive Pulmonary Disease, CHF (Congestive Heart Failure, and Dementia. With this in mind, aging adults may need the assistance of geriatric care professionals, in conjunction with skilled caregivers, in order to afford a safe, healthy, stress free environment for loved ones.

Today, a number of geriatric care options exist for concerned baby boomers to choose from. There are nursing homes, assisted living facilities (ALF), independent living facilities, and in-home care service providers. Depending on the extent of service and assistance necessary, any of these geriatric care options could be a viable solution. While nursing homes and assisted living facilities may be more convenient for the responsible family member, these sorts of geriatric care options may also be cost prohibitive. According to the Genworth Cost of Care study, nursing homes can cost up to $6,390 per month. Assisted living facilities usually charge less, while in-home care is the least expensive option with flexible payment rates that can vary depending on the skill set and time required for the patient’s care.

Aside from these usual geriatric care options, there are those who choose to offer care for their elderly parents or grandparents personally. They are called “informal caregivers”, as they provide in-home care for their parents or grandparents without formal training or education in geriatric care. While this setup may be motivated by very noble causes, the physical, emotional, and psychological pressures associated with this kind of arrangement could become a very large burden for someone to assume. In addition to the pressure of caring for an elderly person, there may also be some legal implications if you cannot provide the level of appropriate geriatric care needed for your elderly relatives.

Just recently, prosecutors from the State of Pennsylvania charged an “informal caregiver” with allegedly committing “assisted suicide” to his chronically ill and aged father, in spite of the personal requests to end his life due to the fact the father felt an undue burden was being placed on his child. It is important to note that taking care of the elderly requires tremendous amounts of dedication, care, and caution on a daily and ongoing basis.

Considering the challenges and dilemmas baby boomers face regularly while fulfilling their obligations to provide geriatric care for their elderly parents or grandparents, they may still require the assistance of a geriatric care professional and a private duty caregiver, in one form or another.

Well Beyond Care:

WellBeyondCare.com gives those who need care the tools to manage their in home care online. Careseekers, or family members looking for someone to help care for their parents or loved ones, can use the website to search for qualified nurses and caregivers, post jobs that outline their specific care needs, monitor their caregivers’ schedules, and make payment online and receive personal support, local support from their personal Nurse Care-Pair Manager. Caregivers can use the website to search for caregiving jobs, set their wages, post their weekly availability, receive weekly payment, and build their resume and portfolio with real experience. Join for free today at WellBeyondCare.com.