Memory Care & Dementia Care Facility
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Overview
Memory care facilities provide specialized secured care for Alzheimer's and dementia residents requiring wandering prevention and specialized programming.
With 6M+ Americans with Alzheimer's and specialized care needed, facilities generate revenue of $600,000-$2,300,000+ with 40-55% margins through premium monthly fees.
The business requires state licensing, secured facility with safe wandering areas, dementia-trained staff, specialized programming, and memory care expertise.
Services include secure apartments and common areas, specialized dementia care and training, memory activities and therapies, medication management, dining assistance, and family support.
Pricing typically $4,000-$9,000 monthly per resident (premium over assisted living).
Success factors include dementia care training and certification, creating safe engaging environment for wandering, specialized programming and activities, supporting families through difficult journey, and maintaining census.
Marketing focuses on Alzheimer's Association, memory clinics, and families.
With Alzheimer's cases growing to 13M+ projected by 2050, memory care offers specialized opportunities requiring dementia expertise and secured facilities.
Required Skills
- Dementia and Alzheimer's care expertise
- Memory care facility licensing
- Dementia-trained staff management
- Secure environment design
- Behavioral management
- Family support and communication
Pros and Cons
Pros
- Premium pricing over assisted living
- Growing Alzheimer's cases
- Long stays until death
- Specialized expertise barriers
- Essential specialized care
Cons
- Very high capital investment
- Dementia care staff training demands
- Emotionally challenging work
- Secure facility requirements
- Behavioral management complexity
How to Get Started
- Get memory care licensing
- Secure and design facility
- Train dementia care staff
- Create safe wandering areas
- Develop memory programs
- Partner with Alzheimer's groups
- Support families
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