By starting your own senior home care business, you can charge the “retail” rates in your We will also ensuring that all our patient/clients are well treated and taken care of. The cost for the purchase of furniture and gadgets (Computers, Printers, Telephone, TVs, tables and chairs et al): $4,000. Legal expenses for obtaining licenses and permits – $1,500. Health Details: Wheatland Health Services Executive Summary Opportunity Problem.There is a significant need for quality home health care and social services within this region and we believe that by employing competent and well-educated staff and providing them with organized and responsive management, we can become the home health … Other start-up expenses including stationery ($500) and phone and utility deposits ($2,500). Occupational, Physical, and Speech Therapy Home Services, Personal Injury Case Management Home Services, Introduce our business by sending introductory letters to residence, business owners and corporate organizations, Advertise our business in community based newspapers, local TV and local radio stations, List our business on yellow pages ads (local directories), Leverage on the internet to promote our business, Leverage on word of mouth marketing (referrals). The truth is that starting this type of business does not come cheap. Below are the sales projections that we were able to come up with for the first three years of operations; N.B: This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and natural disasters within the period stated above. We are going to be one of the few home healthcare service providers in the whole of Florida that will run a standard medical call center for 24 hours a day and 7 days a week. However, in some cases home health care service providers also adopt the hourly billing cum per visit billing method. The marketing and sales strategy of Health Is Wealth™ Home Healthcare Services Store will be based on generating long-term personalized relationships with customers. Are you about starting a home healthcare agency? We want our home healthcare services company to be the number one choice of all residence of Miami and other cities in Florida. We will also ensure that in the line of carrying out our duty, we comply with the laws and health regulations in Florida and The United States of America. So I have been asked about 100 times How To Start A Home Care Agency. Home Health Care Services Business Plan - Executive Summary. Generally, patients usually prefer that their physician or nurse or healthcare giver take care of them in the comfort of their homes when they can afford it especially in cases such a psychiatric cases, spine case and permanent or temporary disability et al. Sustainability and Expansion Strategy, How to Be a Successful Trucking Dispatcher, 20 Tips for Buying Medical Transportation Vehicles for Sale, Occupational, Physical, and Speech Therapy. Healthcare business plan Create a business plan for a medical office or any healthcare startup using this detailed template. These are the areas Health Is Wealth™ Home Healthcare Services intends to generate our start – up capital; N.B: We have been able to generate about $200,000 (Personal savings $150,000 and soft loan from family members $50,000) and we are at the final stages of obtaining a loan facility of $550,000 from our bank. Handles any other technological and IT related duties. While home care businesses help people of all ages, many of their clients are seniors. Statistics has it that in 2011, healthcare costs paid to hospitals, physicians, nursing homes, diagnostic laboratories, pharmacies, medical device manufacturers and other players in the health care system business value chain, consumed an estimated value of 17.9 percent of the Gross Domestic Product (GDP) of the United States. In order to achieve that, we will ensure that we offer top notch all – round home health care services at affordable prices compare to what is obtainable in Florida. Enter your business information. The Executive Care advantage means top-tier training, ongoing support, and access to a proven business plan for home care agency success. Non-medical home health care involves assistance with daily living activities most commonly for senior citizens who wish to remain in their homes. As a matter of fact, experts projected that the healthcare share of the GDP of the United States will continue to grow, reaching 19.6 percent of GDP by 2016. Here is a sample home healthcare business that is capable of leading you all the way. How to Write a Mission Statement With 10 Inspiring Examples, How to Write a Business Plan in Under an Hour, This is How to Build Remote Work into Your Startup Business Plan, See more articles in Writing a Business Plan », How to Make Your Business Plan Standout for Investors, How to Successfully Pitch Your Business Idea to Investors, The 11 Slides You Need to Have in Your Pitch Deck for 2020, See more articles in Pitching a Business », How Your Digital Marketing Strategy Can Help Your Business Get Funding, How to Build Credit 101 for Small Business Owners. Copyright © 2021 Profitable Venture Magazine LLC | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. Our office facility is well positioned (centrally positioned) and visible, we have enough parking space with good security. Health Is Wealth™ Home Healthcare Services is a private business that is solely owned and financed by Dr. Marvin Clarkson and his wife Mercy Clarkson (Nurse). Homecare Ltd is run by Ron Jones and Sue Jones, both hugely experienced health care professionals. We know that if we are consistent with offering high quality home health care service delivery and excellent customer service, we will increase the number of our customers by more than 25 percent for the first year and then more than 40 percent subsequently. If you are interested in starting up a healthcare consulting business, then here is a healthcare/medical business plan sample.. A health care business is involved in the provision of medically related services to people in a particular area. Start your own home health care services business plan. This is the summary of the SWOT analysis that was conducted for Health Is Wealth™ Home Healthcare Services; Our strength lies in the fact that we have a team of well qualified professionals manning various job positions in our organization. It will make all the difference in the long run. Includes an executive summary, company overview, market analysis, financial plan, and more. Application and Obtaining Tax Payer’s ID: Application for business license and permit: Leasing of facility and remodeling the facility: Drafting of Contract Documents and other relevant Legal Documents: Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Purchase of Medical Equipment and Ambulances et al: Purchase of the Needed furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: Creating Official Website for the Company: Creating Awareness for the business both online and around the community: Health and Safety and Fire Safety Arrangement (License): Opening party / launching party planning: Compilation of our list of products that will be available in our pharmacy store: Establishing business relationship with vendors (wholesale pharmaceutical companies). Home Health Care Business: A Detailed Business and Marketing Plan isn't just your run of them mill business plan how-to. We know that one of the ways of gaining approval and winning customers over is to sell our home health care services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while. The business plan for home care services should be aimed to help people with special needs as well as elderly in their daily activities and providing all the living help at the home. You’ll need to organize and prioritize your time to create projects, schedule appointments, follow up and delegate tasks. We are well trained and equipped to service the market segments that require only home-based services. No doubt the home healthcare industry will continue to grow and become more profitable because the aging baby-boomer generation in Unites States is expected to drive increasing demand for this specialized service. Vintage has the capacity to hold up to 6 residents. As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of five years or more. Just like any other business, one of the major threats that we are likely going to face is economic downturn and unfavorable government policies (healthcare reform). Obviously there is hardly any country where the health care industry is not handled with all seriousness. With this in mind, make sure you put aside dedicated time to research, write and prepare your home care agency business plan. Our staff is well – trained to effectively service our customers and give them value for their monies. Services are authorized by Department staff and are reimbursed using two major funding sources: 1. When hiring, we will look out for applicants that are not just qualified and experienced, but honest, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers). We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams. Completing the Home Health Services Plan of Care / Certification Template does not guarantee eligibility and coverage but does provide guidance in documenting the need for home health services ordered and billed to Medicare by the HHA. Generally, those who need home healthcare services ranges from those with the elderly people, to those who are bedridden to those who have mental/psychiatric challenges and any other ailment that the physician deems that the use of therapy, regular medical counseling and health management . Health Is Wealth™ Home Healthcare Services offer health care services such as preventive, curative, promotional, rehabilitative or palliative healthcare / medical services in a systematic way to individuals, families or communities. Your phrase each day must become “If it is going to be, it’s up to me!”B. Health Is Wealth™ Home Healthcare Services has a long term plan of offering home healthcare services in various locations all around Florida which is why we will deliberately build our brand to be well accepted in Miami Beach before venturing out. A home healthcare business is a great business idea for individuals who are entrepreneurial and compassionate. It is a fact that economic downturn affects purchasing power. our services will be carried out by highly trained professional physicians, nurses, nurse’s aides, mental health counselors, chiropractors, medication management counselors, physical therapists, county aging workers, and rehabilitation counselors, home health caregivers and home caregivers who know what it takes to give our highly esteemed customers value for their money. We are in the home healthcare services business to deliver excellent healthcare services to all those who will patronize our services. Our staff is well groomed in all aspect of home healthcare service delivery and all our employees are trained to provide customized customer service to all our clients. Cost for payment of rent for 12 month at $1.76 per square feet in the total amount of $105,600. Represents the organization in some strategic business meetings, Handle any other duty as assigned by the floor manager (Pharmacist), Responsible for installing and maintenance of computer software and hardware for the organization, Manage logistics and supply chain software, Web servers, e-commerce software and POS (point of sale) systems, Manage the organization’s CRM software application. Our location, the Business model we will be operating on, opening 24 hours daily and 7 days in a week, multiple payment options, well equipped medical call center and our excellent customer service culture will definitely count as a strong strength for us. The opportunities that are available to home healthcare services providers are unlimited considering the fact that we have growing aging population in the United States and we are going to position our business to make the best out of the opportunities that will be available to us in Florida. This template includes step-by-step instructions on how to create a complete business plan.

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