Online High Margin Natural Health: Most health care services will experience steady growth in the next decade.
If you have some experience in patient care or customer service.
You may choose to base a business on this promising sector.
Entrepreneurs can develop a business where they provide home, transportation or other services for people who are in need of care.
In order to successfully set up this type of business.
You will need to gain licenses from state, county and city agencies.
You will also need to invest in equipment, employees and an exceptional organizational structure.
Learn how to start a home health care business.
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1. Gain experience in the health care field.
If you do not have this experience, you may want to partner or employ people with medical experience.
2. Research what home health care businesses are available in the area.
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3. Write a business plan.
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4. Name your business and choose your structure.
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5. Research the requirements to run a home health business.
6. File the applicable documents with your Secretary of State and County Clerk of Court.
As well as a “Doing Business As” (DBA) certificate and Federal Employee Identification Number (EIN).
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7. Apply for a business license with your county or city.
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8. Apply for a state board of health permit.
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9. Establish a medical billing system and payroll system.
10. Find liability insurance.
It may also be necessary through your state board of health.
- In some states, you may also be required to provide worker’s compensation insurance.
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11. Hire employees.
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12. Buy equipment.
13. Apply to become a Medicare provider through the Center for Medicare Services.
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14. Contact private health insurance companies that operate in your area.
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15. More tips
- It is a good idea to hire an attorney to draw up your business filings.
- You may also want them to review your agreements with private health care companies, Medicare and employees.
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16. Things You’ll Need
- Business plan
- Business structure
- Business filings
- Business license
- Equipment
- Employees
- CPA
- Attorney
- Employer identification number
- DBA certificate
- State board of health permit
- Medicare provider application
- Private health insurance network application
- Liability insurance
- Medical billing procedures
- Payroll procedures
- Worker’s compensation insurance