Top 5 Reasons Why Institutionalization is Bad for your Business
It doesn’t take a rocket scientist to know that aging in place is the very best choice for seniors in ideal circumstances. Interactions with neighbors, maintaining a home, and keeping usual routines are all benefits for seniors who are capable of staying in their homes. You know it’s better for seniors to have support at home, rather than being uprooted and institutionalized, but do you know why?
As it turns out, the institutionalization risk poses a threat not only to your seniors’ quality of life, but also to your business. Want to learn more about how important reducing institutionalization risk is? Read on to learn what can happen if you neglect to monitor this important risk factor.
1. Loss of revenue
At the end of the day, revenue is what keeps your company solvent, and if you lose a client because of an institutionalization, you’re losing vital income. You rely on that revenue to maintain equipment and supplies, to hire and retain excellent staff, and to promote your business. No incoming dollars means a serious shortage of funds needed to nourish your company. Unless you have clients on a waiting list, you’re going to have to invest time in finding another customer to keep your caregivers busy, productive, and profitable. In short, when seniors are moved to a nursing home, you lose money.
2. Unhappy families
When seniors are aging in place at home, it’s because their families know that’s the very best solution. Even though family members often end up sharing responsibilities with professional caregivers, they’re willing to make the time commitment in their senior’s best interest. So when a senior has to make the big shift to being in an institution, family members will often be disappointed. Given the importance of reviews and referrals from family members, you certainly don’t want to risk dissatisfied clients damaging your valuable reputation. Keeping seniors at home keeps family members happy, which means more positive reviews and referrals for your company.
3. Unhappy seniors
Mental and emotional health is just absolutely critical for seniors’ quality of life, and if seniors feel like they’re losing control of their own lives or taking a step toward the end of their lives, they’re far less likely to fare well. Though many institutions do their best to keep seniors happy, healthy, and engaged, it’s no substitute for aging in place, for living in your own home with your own belongings and loved ones. Seniors who are forced to transition to an institution are likely to view it as the beginning of the end, and they’re far more likely to experience physical decline as a result.
4. Lower life expectancy
In fact seniors who are institutionalized tend to live shorter lives than those who are fortunate enough to stay in their own homes. Seniors in nursing homes are more likely to catch diseases, acquire infections, decline in terms of mental health, and begin an overall decline in quality of life. They don’t live as long, and they’re less happy while they’re alive. The evidence is clear. Avoiding institutionalization lengthens seniors’ lives.
5. Higher risks
When a senior in fragile health catches a cold, it can be life-threatening. When a senior is in a full facility with overworked staff, elder abuse if far more likely to occur. Even if a facility is highly rated and regarded, it’s nearly impossible to give high quality care to every resident. The risks of institutionalization for seniors are many, and they’re quite serious. You know your company provides the best quality care for seniors aging at home, and you know it’s in your clients’ best interest to stay out of institutions.
While some seniors do decline to the point at which institutionalization is the best – or only – option, that doesn’t mean all seniors must end up leaving home. In fact, one of your most important roles in providing the best senior care may be the preventative steps you take to keep your clients happy and healthy right in their own homes.
How do you know if your seniors are at risk for institutionalization? It may seem difficult, but SeniorGrowth provides a tool that’s quick, thorough, and effective at evaluating the risk for each senior in your care. Visit SeniorGrowth today and register to complete a senior institutionalization risk assessment. Keeping seniors at home is the most effective, efficient, and profitable way to run your company, and it’s absolutely the best option for your clients’ health.
At SeniorGrowth, we are dedicated to improving the Quality of Life for seniors through data intelligence. We build solutions to empower senior care organizations with predictive care intelligence and to enable them to effectively manage and improve their seniors’ outcomes, independence and quality of life.
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