Home Care Path Advances Second Stage Starting Block Social Impact Initiative Communication

Home Care Path is happy to report they have been chosen to advance to the second stage of Starting Block Social Impact Initiative.  This stage it will be important to communicate how the business approach will be financially sustainable while creating social benefits across the community.

The need across the community:

Wisconsin's share of people 65 years of age and older was estimated at 895 thousand in 2015.  This number is expected to grow to 1.5 million people in Wisconsin 65 years of age and older by the year 2040.  This is a 72 percent increase that provides evidence of a need for businesses that can serve elderly across the State of Wisconsin.

Where is the social concern:

Elderly tend to be more frequent users of a communities hospital and nursing home resources.  Medicare and Medicaid have released regulations that produce shorter hospital and nursing home stays - expecting the ill to spend more time recovering at home.

How does a family find the help they need for an elder who needs more support at home:

Home Care Path is anticipating this growing need for more support in the home setting for the elderly by participating in a Social Impact Initiative held by Starting Block in Madison Wisconsin.

What is Home Care Path proposing:

Home Care Path plans to implement a unique proprietary blend that " Transitions Care Givers To Elder Care Business Operators" as a service.  This is guiding an individual's efforts to start their own elder care business.

Can this be monetized to demonstrate sustainability:

The new business owners populate the multisided digital platform that adds value by facilitating matches in real time.  This produces a new business data base - that lends itself to marketing analysis designed to foster network efficiencies that reduce cost for both the consumer and the participating operators.

When does this plan to initiate:

A short term plan would be State wide, while the long term plan would be a National expansion.

Home Care Path would like to wish all those participating in the Starting Block Social Impact Initiative the best of luck!