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Best Small Business to Start: Home Healthcare |
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How much does it pay?
According to the Bureau of Labor Statistics, the meanannual wage for managers in the home healthcare services industry in May 2007 was $83,030.
What kind of background do you need?
Experience in management would help with what Schreiber considers one of the hardest parts of her job: finding qualified caregivers. Excellent people skills and the ability to market oneself are a must. Schreiber says she has found traditional advertising to be ineffective. She instead met with the heads of patient relations and social workers at hospitals to find clients when she was launching her business. So, she had to be able to sell others on her business model. "This business is about relationships—it's not about putting an ad in the paper," Schreiber says.
What do you need to get started?
A hurdle in starting a home healthcare business is the licensing process. Regulations vary by state, but you will usually need to apply with the state to become certified. That means filling out numerous forms to show you have a good business plan and have performed background checks on your employees to indicate they are suitable for working with the elderly. Schreiber has reduced the cost of one part of that process by recruiting certified nursing assistants from the top graduates at local training centers. "What's nice is that the school does the background process," she explains. To offer medical services, you will typically have to go through a more extensive licensing process in order to be able to accept payments through Medicare and Medicaid.
Learn more
Department of Health and Human Services Information
National Association for Home Care and Hospice
Taken from here
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