Private Equity Investment in Elder Care
A topic of discussion that is becoming more important as the Baby Boom Generation ages is how best to take care of an aging population. Once the discussion moves past the limitations imposed by a person’s physical health, the discussion focuses on the costs of care, types of care available, and community expectations.
Investment in Elder Care Services, especially housing, is growing because of the change in demographics. The Baby Boom generation’s impact on the products and services marketed in the U.S. when they were young, is also happening as they age.
One of the Government’s programs to meet this demographic change is the PACE Program.
PACE stands for Program for All-inclusive Care for the Elderly. The basic eligibility requirements for the program are that you must -
Be 55 or older
Live in the service area of a PACE organization
Need a nursing home-level of care (as certified by your state)
Be able to live safely in the community with help from PACE
PACE benefits include, but are not limited to, all Medicaid and Medicare covered services:
Primary Care (including doctor & nursing services)
Hospital Care
Medical Specialty Services
Prescription Drugs
Nursing Home Care
Emergency Services
Home Care
Physical Therapy
Occupational Therapy
Adult Day Care
Recreational therapy
Meals
Dentistry
Nutritional Counseling
Social Services
Laboratory/X-ray Services
Social Work Counseling
Transportation
Not all states participate in the PACE program. Here is the link to find if there is a PACE program in your state - PACE Plan Search