How To Start A Home Care Agency
Helping Businesses Blossom
Non Medical Home Care Agency
Want to know how to start a medical or non medical home care agency?
Starting a home care agency is hard work and rewarding. Ensuring that you write a detailed plan of how you will start, operate, and grow your business is essential for success. Having a business mentor or consultant can eliminate confusion and prevent waste of resources.
Starting your own non medical agency
What you will need
Medical experience is not required to own a home care agency. Strong communication skills, business strategy and understanding rules and regulations are essential. Each state has their own licensing requirements to help you run your agency.
Home Care Startup requirements
Step by step
1. Get a consultant or business mentor. Set up a business plan and business entity
2. Register your business.
3. Obtain Employer ID Number, payroll, workers compensation, liability insurance etc.
4. Check license requirements
for your state.
5. Secure a domain name and website and establish bank accounts and credit options.
6. Secure a lease or office space
7. Get Policy and Procedures Manual and apply for home care license.
Is Owning a Home Care Agency Lucrative?
Expect a booming industry and maximum profits
Home care is a multibillion dollar industry
According to Markets & Market, the home healthcare market is expected to increase to 349.8 billion by 2020 from 227.5 billion in 2015
Home care is becoming more popular as seniors prefer to age and heal at home
Rise in baby boomers makes this a feasible business
Increase in chronic disease alternatives in health care
Things to consider
Expandable business model
Rapidly growing industry according to census bureau in 2015 percentage of elder over 65 was 12% will increase to 16% in 2020 and 20%by 2050
10,000 baby boomers a day turn 65 By 2030 there will be over 70 million over the age of 65
Financial implications/pricing and bottom line
Example, Home Care Services Home Health Aide $24 per hour x 40 hours a week= $960/week x 52 weeks=50k annual Revenue for 1 patient
Start up funds pending business plan
Profit Margin over 50%
Let us start your business!
Be apart of the multibillion dollar industry
Emmanuel Consulting Agency offers a wide range of consulting services with the necessary tools and expertise to help grow your business. We partner with our clients from start to finish, focusing on their needs while producing new ideas, developing effective strategies and designing high quality and scalable solutions. We have a 100% Licensing approval rate and guarantee!