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Home care services are steady growing for the next decade. In order to successfully set up a Home Care Agency (medical or non-medical), you will need to gain licenses from your State and develop all required Policies and Procedures. You will also need to invest in employees, technology, and in an exceptional organizational structure.
If you are interested in serving this promising sector, GPiCare will help you to start your Home Care Agency. Take your time, look around, and learn what we can do for you. Below are some of requirements how to start a home healthcare agency.
1. Gain experience in the home health care field. Administrators, nurses, and other health care professionals will be able to use their industry knowledge to develop a business plan and gain credibility. Don't worry If you don't have this experience. You will need to partner with an expert who will provide you with knowledge necessary to successfully start your business.
2. Research what home care businesses are available in the area. You should aim to provide a new service or a similar service in an area of high demand. Do market research to study competitors and business possibilities.
3. Name your business and choose your structure. Your business name should identify the services you provide. Your legal structure may include corporation or limited liability company.
4. File the applicable documents to register your business with your Secretary of State and County Clerk of Court. You will need to file different documents depending upon the structure, then apply to receive Federal Employee Identification Number (EIN).
5. Research the requirements to run a home care business. Your state department of health will list application and compliance rules. Plan to become compliant as soon as possible so that you can apply and be inspected as soon as your documents are filed.
6. Apply for a business license with your county or city. Consult your Clerk of Court about where and how you can apply to for this document (if needed).
7. Write a home care agency business plan. Complete a detailed analysis of your business structure, management, financial needs, marketing and growth plan for at least 3 years in the future. This will be necessary for gaining financing. Some states will require a full business plan as part of the licensing process.
8. Assemble written policies and procedures in compliance with your state of licensure. That include standards of care and ethics, employee forms, hiring aids, client agreement and other home care business related documents. You might need to hire a professional consultant to help you with your state specific policies and procedures.
9. Apply for a state home care organization license. You may be required to undergo a state licensing survey or a compliance exam. If you fail the application process, you will improve your compliance and reapply.
10. Establish a billing system and payroll system. You may want to hire a bookkeeper, accountant or tax professional to help you. These systems will be essential in being accepted by private insurance companies, Medicaid and Medicare.
11. Find professional and general liability insurance. Treating patients requires that you have exceptional liability insurance for you and your employees. In some states, you may also be required to provide worker's compensation insurance.
12. Hire employees. You may consider hiring a health care administrator, nurses, drivers, caregivers, customer service/billing representatives and more. Make sure to do background checks for your employees so that you can establish a credible and experienced agency.
13. Buy equipment, software and hardware. Most home health care companies will require an investment in home care management software, vehicles, health care equipment and uniforms, among other things.
14. Contact private health insurance companies that operate in your area. Apply to be part of their provider network. You may need to offer discounts and sign agreements, but this will increase your patronage.
15. You might want to apply to become a Medicaid or Medicare provider through the Center for Medicare Services. You may need to adjust some features of your business in order to become compliant to submit for Medicaid and Medicare payment.
We will make your Home Care Agency startup process fast and easy, with different startup packages for different levels of investment. Your Satisfaction is Guaranteed!
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