We’re currently in the midst of a generational shift that will undoubtedly strain healthcare resources. A groundbreaking study, commissioned by the Canadian Medical Association, has resulted in a startling prediction – elder care costs will double by the year 2031. That’s a jump from $30 billion annually to nearly $60 billion! This strain isn’t anything to be sneezed at when healthcare staff are already coping with ever-intensifying demand on available staff and resources, especially in the throes of this stubborn pandemic. However, that’s not the cause of this effectively doubling of senior care needs. Let’s explore in more detail.
Boomers Shifting into Senior Age Groups
The fact of the matter is the baby boomer generation has largely shifted into an age bracket that typically requires even more personalized caregiving services. The oldest of those in this group are now at the age of 75, and their care needs will now begin to amplify. As reported in The Record, long-term care residents are set to double in number by 2031, and demand on home care services will jump from 1.2 million to 1.8 million individuals.
How to Address the Increase (and Possibly Reduce it)
The time to act is now. Healthcare providers need to invest in more experienced, capable caregiving staff to bolster their operational efficiency in preparation for the increased senior care demands down the road. We ourselves are working harder than ever to secure more Personal Support Workers and professionals in other positions here at Qualicare Waterloo, as compassionate and integrity-focused senior caregiving is at the core of everything we do as a team. Right now, we have the opportunity to invest in even more talent, technology, and capacity expansions to future-proof ourselves, better serving patients and their families even amidst heightened demand.
In addition, in conjunction with that projected increase, making further use of in-home caregiving services can lower costs to families compared to the higher costs associated with long-term care facility residencies for their loved ones. In order to make that viable, however, more caregivers are required so availability can be optimized and improved.
With the CMA predicting that nearly 40,000 Canadians could be spared from long-term care facility costs by 2031 if they can be diverted to in-home alternatives, there are plenty of savings to be had for patients and their families. To learn more about our services at Qualicare Waterloo, contact us today – we’re here to assist you and those you cherish in any way possible.
Comments are closed.