In the U.S., the average cost of an assisted living home is about $3,000 per month while the average amount of social security check is around $1,200 per month.
The continuing-care retirement community (CCRC) in the U.S. usually asks for an entry fee averaging $250,000, plus a monthly expense of $2,500 to $5,400
In Japan, a one-month stay in a municipally operated nursing home costs close to 366,000 yen (3,000 dollars); a private nursing home room cost a move-in fee of $3,500, plus $1,200 to $1,650 per month to cover rent, utilities, and food
Slide Institutional Long-Term Care is Supplementary in Nature
U.S., institutional long-term care facilities accommodate about 2.5 million seniors or 8-9% of the total senior population
Canada: about 200,000 live in government provided or private long-term care facilities , and shortage of nursing home beds leads to long waiting time for prospective residents
China: less than one million seniors are living in a long-term care facility—the majority are living in with their grown-up children
Europe : although there has been quick expansion of private and public funded nursing homes across Europe, total number of residents remain small.
Slide A Home/Community-based Care Model for Seniors
From Passive Aging to Active Aging: New wave of retirees are much more well-versed with technology and have a different perspective on aging than the previous generation
From Episodic Solutions to Continuum Solutions: from early aging to late aging, consumer needs shift
Business Models, Business Models: what’s th e right price point for whom? What partners matter most to you?
Interest Alignment: Who gets the benefits and who gets paid? Will we cross the chasm between private pay and insurer reimbursement?
Slide Thank You Harry Wang Director, Health & Mobile Parks Associates 5310 Harvest Hill Road, Suite 235 Dallas, Texas 75230 Direct: 972-996-0227 Harry@parksassociates.com
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