Main living area has seen an influx of foreign capital and new players in the industry, and now there is no reason to believe that the company could support home care eyeing money than other business opportunity.
After the loss of about 30% to 40% of its customers in home care for the price rise a California company opened a senior life companies to resume operations.
Pressure on narrow margins increased minimum wages and new rules for overtime in the local support it has many pinching companies Pence happened, why Select Home Care, nonmedical care provider's home private service based in California, branches care for the elderly in their homes. , Created founder and owner of the company, Dylan Hull on a separate line, the so-called auxiliary service Select Senior Living, a small assisted living company based in the Golden State.
be opened with doors on July 1, select Senior Living 18 beds in three properties are now 100% occupied with a waiting list to get started. The highest rates of minimum wages and other new regulations forced to significantly increase the home care business prices, resulting in significant loss of customers. In California, it is expected that the minimum wage in reach $ 2,018 per hour to 15.
"We will have our album with the business environment, laws, the world we live in dispute," said Dylan news mantling more. "The best thing is the cost of doing business, and this work has increased really only dramatically. In the past two years we have seen a decline in new orders and keep customers care at home. If we closer we realized [our customers] simply could not afford. "
The rental price for a full-time care at home used to cost per month $ 6000, Hull recently said Forbes.
perform Due to the new regulations, the price has skyrocketed, and could be as much as for the same service per month $ 20,000 NHS Hull said. With these higher costs, Hull said the company lost customers for assisted living, which could provide twenty four hours a day, with less care for the elderly.
Not wanting to close, Hull look at a few lines of ancillary activity adding before deciding their own residential care homes in Thousand Oaks, California to open. The plant was built by a carrier in California have acquired, and each room is rented for about $ 5,000 per month. Most former operator employees remained in the transaction to the hull, living the sector of the elderly will develop in California in the coming years.
"Here in California, the real estate sector is very strong," Hull said. "So I thought, why not give the real estate industry to do what you know high attention. I bought three small assisted living communities hoping resume activity again, we have lost, but also make families and older people and customers who do not can afford home care and have a place to live carefully. "
Search reimbursement cuts and other issues related to Medicare and Medicaid Hull California Medical decided to open at home or in a hospice to an activity of the health sector. However, the increase in wage hull by pressure on both sides of the business costs feel.
The problem overlying, he said, is that higher wages are forcing an impact on the elderly and possibly small businesses to close their doors.
"Our legislators believe that giving these big boost to our economy." This helmet. "But what they do not know is that the impact of our seniors. I would my employees pay twice what I pay now, but not be able to heal people, because they could not afford home care and long life."
Despite the operation of a new society, otherwise, the home care of the remains "daily bread", select this option.
Furthermore, as the high standard of living new company, Helm said, "So far, so good."
Written by Amy Baxter
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