MEDICAL AND HEALTHCARE IS STILL BOOMING

Why is a healthcare franchise an excellent business choice for 2022? A large number of investors and entrepreneurs are looking to own a business due to the immense profitability associated with the healthcare industry. Healthcare expenditures in the U.S. have reached $4.1 trillion and are expected to hit $6.2 trillion by 2028. The landscape of consumer health and wellness is also changing. According to The American Clinical Laboratory Association estimates that 70% of medical decisions are based on lab tests, resulting in a diagnostic testing market value of $62.9B by 2024 from $51.2B in 2015. The franchise industry has figured out how to bring the medical world to the average businessperson.

The real question is “What field or sector would be even more promising to invest in?” Right now, it boils down to age, and the convenience of the service offered. There are now millions of people exiting the working class. Baby Boomers are born post WWII up to 1960 – by the year 2020, about 29 million boomers have retired. Fast forward another 10 years, about 75 million baby boomers would have exited the workforce. The US home care services industry revenue in 2020 is estimated at $96.9B and is definitely growing over the next few years.?

What Brands to Look Out For?

What makes businesses even more successful and guarantees profit is its ability to adapt and innovate both product and services. Something that is refreshing but completely relevant, and this is true with?Seniors Helping Seniors. Today, nothing is more comforting than to be able to connect to people. This is what Seniors Helping Seniors is about, providing compassionate care in the comfort of their own home. This in-home service was founded in 1998 with two simple ideas: Seniors can help each other age more happily and gracefully. Seniors who give, and those who receive, benefit equally.

Physical conditions for the aging population can be challenging for both hearing and vision. However, there has been an increase in the population of hearing and vision impairment already affecting them. Whatever the cause of impairment, immediate care is needed.?

Miracle?Ear?has been helping people to listen to the sounds of life for 70 years now. Started in 1948, this hearing aid company has franchised and corporately owned stores all over the U.S. growing to over 1,500 locations. Miracle has invested in the latest technology and resulted in best-in-class products. What makes it more appealing to consumers is the support it provides such as manuals, unit maintenance and even lifetime of aftercare at no charge (Miracle-Ear? lifetime aftercare not included with hearing aids purchased utilizing some insurance benefits).?

Pearle Vision?opened by Dr. Stanley Pearle with the goal to provide a comprehensive eye care destination by bringing optometrists and opticians together in 1961. Pearle Vision now has more than 550 Eye Care centers and is expanding rapidly throughout North America. Pearle Vision has been rated as #1 health and wellness franchise. This brand is able to keep up its quality of eye care gaining the recognition it deserves and allowing it to aggressively expand across North America.?

The medical and healthcare industry is enormous and has a wide range of fields that investors and entrepreneurs can look into. Nonetheless, personalized, and cost-effective diagnostic lab testing for healthcare is sure to grow more relative to the population.

ARCpoint Labs?founded in 1998 originally offering drug and alcohol testing to small and medium-sized businesses in South Carolina. Felix Mirando observed the gap between large and small companies in the diagnostic lab testing industry. He saw value in the local owner model based on his experience as a franchise owner, and in 2006 launched the ARCpoint franchising program. The success of ARCpoint labs manifests in the number of affiliated labs throughout the U.S., having an established a network of over 10,000 locations. However, due to high-deductible insurance plans. Rising out-of-pocket expenses and complex insurance reimbursement are driving this market of direct-to-consumer healthcare tests, which ARCpoint Labs is now poised to provide. By working with physicians, ARCpoint Labs franchisees can offer cost-effective healthcare diagnostic testing to patients and help consumers take control of their medical needs.

Speaking of eliminating the need for insurance in the healthcare industry;?The Joint Chiropractic?has membership plans and packages eliminating the need for insurance, and no-appointment policy. Having convenient hours and locations makes care more accessible. The Joint was originally founded in 1999, having a vision to transform the traditional concept of routine chiropractic care by making it more convenient, friendly, and affordable. In March 2010, The Joint was re-founded with the acquisition of the original eight franchised clinics. Today, The Joint has grown to a nationwide network of more than 500 chiropractic offices and counting.

Other Field in Healthcare to Look Out For??

IBISWorld estimates that the obesity rate among adults aged 18 and older has increased an annualized 1.8% making it to 33 people per 100 individuals. This drives the weight loss services in the U.S. of $2.8 billion in revenue.

BeBalanced?Hormone Weight Loss Centers:?An?investor saw the potential to change lives at an even larger scale after completing one of its programs, and BeBalanced was born with the opening of the first franchised location in 2015.?Local business owners who shared the vision of empowering women in their communities’ joined forces in a mission to change the future of women’s wellness.?Today, there are 25 locations run by local teams of like-minded individuals who believe that women have the power to reject the symptoms commonly associated with aging as their reality.

Medi-Weight Loss?was developed by physicians, registered dietitians, and health professionals in the field of weight loss to help individuals control their calorie and carbohydrate intake while eating the optimum amount of protein to preserve muscle mass. The Medi-Weightloss? Program is evidence-based to result in a successful lifestyle change.

Physical and mental health are relatable, and both are booming in business perspective. Take a close look at these brands:

The DRIPBaR?was founded in 2016 with health support built upon solid biological principles backed by research, and clinical studies. Today, it has more than 200 locations across the country. Their product are IV injectables targeting the cells for rejuvenation. The body’s organs and functional systems can be better maintained through intravenous drips. Through advances in cellular and biological science, The DRIPBaR helps individuals fight the consequences of chronic illness, address the effects of aging, and achieve a balanced wellness.

Ellie Mental Health?was founded in 2015 by Erin Pash and Kyle Keller when they opened the first Ellie clinic. The goal is to make getting mental health care the norm. The aim is to walk along patient’s journey and provide a safe place to talk, decompress, and heal. Now, Ellie Mental Health has more than 200 franchise changing the culture of mental health.

The future is bright for health care related businesses. Customer are looking for quality care at affordable prices that are convenient to get. Let us at the LeBrun Advisory Group help you become a part of this exciting and profitable adventure.

DON'T DO NOTHING WITH DELK ENTERPRISES' JEREMY DELK

Your host, Rich LeBrun, talks with founder and CEO of Delk Enterprises, Jeremy Delk. Jeremy believes small businesses are the lifeblood of the United States. Jeremy founded Delk Enterprises because he felt his duty was to invest strategically in small business and help them change the world.

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