Article by Andrew Barbes
CEDA recently completed a feasibility study which examined preliminary market potential for theexpansion of the Howard Residential Care Facility (HRCF) Patty Elwood Center in Howard County, Iowa, just outside of Cresco. Currently, the HRCF provides long term residential care and 24-hour respite services for short-term needs. The study completed by CEDA presented an overview of the demographic and economic characteristics while determining the needs and capacities of the defined market area. The needs and capacities were calculated based on demographic, economic and competitive considerations that impacted the total demand for Alzheimer’s and dementia care. Also included in the study was an analysis of competition and local needs. A comprehensive overview of the current financial structure, types of care, services and a recommendation were given.