With the senior population over the age is 65 on the rise every year, there is been a tremendous need for quality home healthcare agencies. There has been an increase of people from all background types that are looking for ways on how to start a home healthcare agency. With the growing number of seniors within the United States, there is a growing amount of need for in-home medical and non-medical personal care services. Many home healthcare professionals believe it truly is a recession proof, According to AARP, 90 percent of seniors would rather receive care from the comfort of their homes
The reality within this growth, is that seniors actually prefer the comfort of their own homes, often choosing home healthcare agencies over nursing facilities. This opens up the number of opportunities for people to learn how to open a home healthcare agencies. For the home healthcare agency owner, It can be a rewarding career while taking control of their own financial success. These home healthcare agencies are satisfied with knowing they are taking care of their own community through the power of human connection and compassion.
If you have ever thought about learning how to open a home healthcare agency, there are many factors to consider as there are a certain processes that you will need to go through in order to be a successful home healthcare agency owner. Often entrepreneurs who want to open a home healthcare agency, wonder where they should start. Although the necessary steps can be very involved, it's important to first understand what is a home healthcare business exactly?
The concept of a home healthcare agency is pretty simple. A home healthcare agency provides the client with medical or non medical caregivers that provide care in the clients home, as opposed to a nursing facility where the client would have to leave their home for care. Noticed how I said "medical and "non-medical" caregivers. This is because a home healthcare agency has the ability to provide two types of care which is in-home medical skilled nursing and non medical in-home personal and companion care. Let's explore the differences of the two types of home care!
Medical Skilled Nursing simply revolves around receiving care from a nurse. Some examples of care include wound care, home infusion therapy blood pressure monitoring as well as occupational and speech therapies just to name a few, Home healthcare agencies that offer this type of service often employs a DON, or Director of Nursing to monitor home care staff, handle communication between the patient and their doctors, in addition to implementing assessments and conducting quality checks.
There are things to keep in mind when opening a skilled home healthcare agency. Skilled nursing home care requires federal capitalization, meaning that depending on your area, you will be required to maintain a certain amount of money in your business bank account in order to becoming a home healthcare provider, so it's important to know that opening a home healthcare agency and providing skilled nursing services will require more capital to start.
Another fun fact about skilled nursing is that only 20 percent of patients in the United States require skilled nursing in the home. This is because skilled nursing is only available to a client through a physicians order, This is why some of the most successful owners who learn how to open a home healthcare agency, offer both skilled nursing and non-medical personal/companion care to cover the majority of seniors who prefer home care.