Tag Archives: Careseekers

Nursing Home Costs On The Rise Means More Jobs for In-Home Caregivers

Over the past eight years and despite the recession in 2008, the cost of nursing home care has increased by nearly 37%. 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). Just eight years ago that average was $67,527 per year. With such high costs, it is no wonder that more and more seniors and family members who are looking for care for their aging loved ones are now turning to in-home care as a better alternative.

This increased demand for in-home care means more job opportunities for private pay Caregivers, registered nurses, geriatric care managers and certified nurse assistants. According to the US Department of Labor, home care provider jobs are growing faster than in any other industry sector. This is good news for Caregivers and those who need care alike. With the demand so high and the increase use of the internet, more and more Caregivers are striking out on their own and setting their own rates, which are actually lower than that of going through a traditional private pay or private duty agency.  While rates for in-home Caregivers are increasing, because they are no longer burdened with the overheard of a private duty agency, they are actually much more affordable for elderly clients and their families. The difficulty is that until now, there were no good online tools for Caregivers to use to help them connect with those looking for care, and help them with the matching, interviewing, scheduling, and payment of care.

The Genworth Survey also found that 78% of seniors prefer in-home care to nursing home care. Leaving their home and moving to an unfamiliar place can be quite stressful for elderly patients, who would rather be able to stay in their home where they are comfortable. Many seniors also like to retain some independence, which is easier to do living in their own residence assisted by a Caregiver rather than in a nursing home.

In the past, one of the deciding factors for moving into a nursing home rather than opting to hire an in-home Caregiver has been the difficulty of seeking out private Caregivers. Today, online resources that match Caregivers and Careseekers make the process easy and streamlined. Sites like WellBeyondCare.com not only offer a sophisticated matching and search function, but also include cool features like Caregiver ratings and online care plans; and detailed profile views so that Careseekers can assess a Caregiver prior to interviewing, and can determine the most qualified and better suited to help them with their specific care needs. In addition, the company has a sophisticated matching capability to help further aide in getting the perfect Caregiver. Another feature only offered by Well Beyond Care is when a creates a profile on line, they get a nurse navigator who is in the care recipient’s town to help with local resources.

By disintermediating the costs associated by hiring a private duty company, Careseekers and their families are better able to keep their costs low. For the Caregiver, the ability to set your own pay rate lets them control their income. For in-home care providers, online tools are a great way to access the many available caregiving jobs in their area, and they offer those looking for care an easy way to manage their care either from home or remotely.

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.