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Do you feel your purpose in life is to help others age comfortably in their own homes? You can fulfill this purpose by starting your own home health care business and enrich the lives of those around you!
As industry leaders for the past 25 years, 21st Century Home Health Care Consultants walks you through the steps of starting your own home health care business the smart way – and we continue to be there EVERY step of the way.
There are many questions you may have surrounding what it takes to start up your own home health care business, such as:
- Who should I talk to, so my business is set up to meet legal requirements?
- What type of licensing do I need?
- What kind of insurance do I need to obtain?
- How long does the process take to get approval?
- What is the true cost of opening my own home care agency?
1. Who should I talk to, so my business is set up to meet legal requirements?
First, you will need to choose the business entity that best fits your needs (Sole proprietor, Partnership, Limited Liability Company, S Corporation, C Corporation). Once the required documentation has been completed, you can then obtain a Federal Employer Identification Number (EIN) from the IRS and an NPI number.
Our team of consultants at 21st Century Home Health Care Consultants, make each step easy for you to understand and we can also submit your application for approval for the type of home care business you wish to operate:
- Skilled Home Health Care
- Non-Medical Personal Care
- Hospice Care
- Non-Emergency Medical Transportation Business
2. What type of licensing do I need?
Each state has specific certification requirements and processes. Our team can help simplify the application process and provide help & guidance through recent, ongoing changes that are made to licensing standards and regulatory requirements.
Our experts also handle all the necessary licensing steps to establish your Medicare, Medicaid or Private Duty Health Care agency, when required.
3. What kind of insurance do I need to obtain?
Home Health Care professionals face both unique and serious risks daily as they care for individuals. Finding the right kind for Home Health Care Insurance is important for both skilled and non-skilled home healthcare providers.
Coverages you will want to consider and review when choosing a policy for your Home Health Care Agency include:
- General Liability
- Professional Liability
- Property
- Crime
- Inland Marine
- Excess
- Abuse & Molestation
- Auto Liability including HNOA
4. How long does the process take to get approval?
Approval processing time can vary by state from as little as one month, up to one year for completion. You will want to plan accordingly for your state’s approval process as they can differ from one state to the next. Having the correct and proper manuals must be in place to pass a Private Duty or Medicare accreditation site audit and must adhere to all State and Federal Guidelines.
As a preferred partner with Accreditation Commission for Health Care (ACHC), our customized Home Care Policy and Procedure Manuals are PRE-APPROVED and thus, can save you time and money throughout the approval process.
5. What is the true cost of opening my own home care agency?
The estimated cost to start a home care agency runs across a broad spectrum from about $40,000 to $350,000 and can depend on several different factors such as, the state in which you are opening your own home health care agency, the kind of home health care agency and other factors.
Some fees to consider include legal & accounting services, insurance, license and permits, the size of your operation and other variables such as marketing, office costs and others that contribute to your home health care business’ success.
At 21st Century Home Health Care Consultants, our hands-on approach and lifetime training are second to none! It is our goal to walk through each step of the process serve as your forever resource for success. We also provide ongoing lifetime support and training to help your agency keep up with advancements in the industry.
Spend more time on the exciting part of setting up your home health care business and connect with us TODAY so we can do the heavy lifting for you! Start your own home care business today and make a difference in your community.
