Personal Care Home
Executive Summary
With e advent of the ban=by boomers generation turning senior citizens there is an increasing need for facilities to help with their daily living needs. The Personal Care Home in Philadelphia Pennsylvania is designed to do just that. The seniors will enjoy meals, outing, appointments and other needs under the careful eye of supervising adults.
Business Description
Personal Care Home is a LLC corporation comprising one physician, one nurse and three nursing assistances. The shares are divided equally as the doctor as each member is contributing their sweat equity to enhance the profitability of the home. The funds for the startup are provided for by the Philadelphia Bank in the area with the Community Block Grant funding program initiative from the Federal Government,
The primary focus of the home is to create a safe and enjoyable day care for senior’s environment. Many seniors are not social in that they live alone and so many of their needs are difficult for them to manage on their own. In the Personal Care Home, seniors will have many of their needs such as doctor’s appointments, shopping, going to outings and other needs to keep them active and on the go. All of this will happen under my watchful eye. Meals will be prepared and offered to them for breakfast and lunch. Leftovers may be taken home for their evening meal if they so desire.
Financials
Since Medicare or Medicaid does not pay for many of the services offered in the Personal Care Home setting the individuals or their families will have o pay per day for the services. A weekly rate will be available. Insurance is expensive for this service as well as the cost of fuel, gasoline, and other items so the rate would have to be at least $25 per day per person. This may be prohibitive for the senior on a fixed income so many will probably only want the services on a daily basis of once or twice a week,
