The U.S. healthcare system reached a tipping point amid the COVID-19 pandemic. Nurses, who were already overworked and frustrated with hospital politics, lack of resources, and inadequate pay, began to leave their workplaces in droves.
RN turnover rate increased by nearly 20% in 2021, and according to a survey conducted by the National Council of State Boards of Nursing, another 799,388 nurses plan to leave the workforce by 2027. Approximately 50% of nurses surveyed stated they felt fatigued, burnt-out, or emotionally drained.
Despite these abysmal statistics, the U.S. healthcare system shows no real signs of changing anytime soon. So it’s up to nurses to take control of their futures and their careers. At-home care franchise ownership offers nurses an opportunity for independence, financial stability, and burnout relief — without having to give up the career they love.
The future of at-home care
As the Baby Boomer generation ages, the demand for at-home care has become greater than ever and will continue to rise. The U.S. home healthcare services market value is expected to reach 153.19 billion by 2029, as projections put the number of Americans 65 years or older at 74 million. And as the vast majority of seniors express a desire to age-in-place, there’s no end in sight for the growing demand for home care.
Why home care franchise ownership is a smart choice for burnt-out nurses
The majority of nurses begin their careers to fulfill their passion of providing care and comfort to the vulnerable. Unfortunately, due to the state of the healthcare system, 25% of surveyed healthcare professionals are ready to leave the industry entirely — with 89% citing burnout as their primary motivation.
From appalling staff ratios to ever-increasing hours to poor compensation, it’s no wonder that nurses are fed up and burnt-out. They no longer have the support, resources, and time they need to provide the high-quality care that they know their patients deserve.
For nurses who are ready to leave their workplaces — but don’t want to give up their careers — at-home care franchise ownership is an excellent option. A home care business gives nurses the opportunity to care for patients on their own terms and to their own high standards.
By transitioning to in-home care franchise ownership, nurses can continue to advance their careers, while gaining financial security, relieving burnout, and making a genuine difference in their communities. Their training and experience makes them especially suited for the role and gives them in-depth insight into how a healthcare business should be run.
As a bonus, it allows them to build a supportive workplace for their fellow nurses and other healthcare professionals. A workplace that understands the industry challenges and demands and fosters a healthy culture and work-life balance.
How to turn a nursing career into business ownership
If you’re ready to take your nursing career in a new direction and invest in an at-home care franchise opportunity, there are several factors you should consider when exploring your options.
- Cost — Make sure you take into account both the upfront costs and any ongoing fees or royalties. There are several different ways you can fund your investment, including business loans, retirement accounts, and cash savings, but it’s important to choose a franchise opportunity that fits comfortably within your budget.
- Support — You want a franchisor that supports you and gives you all of the tools and resources you need to build a successful business. So take a good look at the type of support a potential franchisor offers, and don’t be afraid to reach out to some of their current franchisees to hear their experiences.
- Training — A quality franchisor will provide you with extensive classroom and on-the-job training to make sure you fully understand how to run and manage the business. While you likely have plenty of healthcare experience, you may not have much business management experience, so in-depth training in this area is vital.
- Brand Reputation — Reputation is everything, so make sure that the franchisor you choose has an industry reputation for quality care and reliability. With a franchise, potential clients can immediately recognize the brand, and you don’t want them to associate your business with substandard care.
If an at-home care business sounds like the right move for your nursing career, Right Hand Senior Care would love to be a part of your journey. We have an industry reputation for high-quality, affordable, and compassionate care, and we provide our franchisees with the training, support, and resources they need to build their own successful businesses.
Learn how you can relieve the burnout and grow your career on your own terms.
So what are you waiting for? Get in touch today and change your future with a Right Hand Senior Care franchise.