- 1 Starting a homecare business:
- 2 Basic Requirements to Starting a Home are Business
- 2.1 1. Set up Business Entity
- 2.2 2. Obtain Employer ID Number
- 2.3 3. Register with Secretary of State
- 2.4 4. Check on license requirements
- 2.5 5. Prepare your finances
- 2.6 7. Write or buy a Policy and Procedures Manual
- 2.7 8. Connect with referral sources
- 2.8 9. Build a website
- 2.9 10. Find an office space
- 2.10 Related
Homecare is health care or supportive care provided by a professional caregiver in the individual home where the patient or client is living, as opposed to care provided in group accommodations like clinics or nursing homes. Check out the requirements to starting a home care business in Nigeria in this article.
Starting a homecare business:
Venturing into this type of business to meet the demand for in-home care may be a rewarding business in the long run as it continues to grow in popularity due to our aging population and preference of many older Nigerians to be cared for in their homes.
Basically, there are two types of home Care services which are skilled and non-medical home agency
Non-medical home care services include personal care, assistance with daily living activities, meal preparation, housekeeping and transportation. Such services are often important for folks to remain safe and comfortable in their homes.
Medical skilled home health agencies as the name implies administer skilled licensed nursing and rehab therapy services under physician’s orders with strict guidelines imposed. It require extensive licensees including Medicare and Medicaid certifications.
Most newcomers to this field are more likely to consider the less complicated non-medical home care venture with typically low start-up costs. In this article,we are going to look at how to start up the non-medical home care agency.
Basic Requirements to Starting a Home are Business
1. Set up Business Entity
Set up the business entity that will best fit your needs.
(Sole proprietor, Partnership, Limited Liability Company, S Corporation, C Corporation) Consult with an attorney and or CPA or research online on your state government website (www.state.(your state initials).us about appropriate business structure, info regarding payroll, sales tax, workers compensation and business liability insurance.
2. Obtain Employer ID Number
Obtain a Federal Employer Identification Number (EIN). Similar to your personal social security number to identify your business with regards to tax liability.
3. Register with Secretary of State
Register your business with Secretary of State in your state. Decide on a business name and check availability in your state including consideration for domain name for website. When approved have letterhead, business cards, brochures printed.
4. Check on license requirements
Check on requirements for city or county business license and apply as needed
5. Prepare your finances
Establish a business checking account and credit card account. And apply for business loans if required to meet start-up costs. Set up a computerized accounting system.
7. Write or buy a Policy and Procedures Manual
Write or purchase a policy and procedures manual to address new client admissions, plan of care, scheduling, employee and payroll records, orientation, in-service training, client billing.
Find and hire the best caregivers available as the reputation of your business weighs heavily upon the quality of care delivered. Spend time interviewing prospects and checking references to find most competent, compassionate and resourceful caregivers.
Post employment ads on relevant job internet sites, at local community colleges with CNA and nursing programs and local newspapers.
8. Connect with referral sources
Determine best sources for referrals in your area. Such as connecting with long-term care facilities and hospital discharge social workers.
Contact local physicians, senior centers and rehab outpatient centers to reach prospective clients.
9. Build a website
Hire a website designer to create a professional website with content directed towards internet savvy adult children of seniors who are responsible for securing home care services.
Post your agency listing on established elder care websites with strong internet presence for greatest exposure.
10. Find an office space
Find a location where care is affordable to population and without excessive competition.
Save your money on costly high traffic commercial office space and instead find a cheaper accessible location for your employees.
11. Be creative with scheduling
Be creative with scheduling to manage ever changing balance of employees with client needs. Turning away clients is harmful for future referrals but at thr same time risking poor care due to lack of staff is equally damaging to a company’s reputation.
Things to do when Starting the Business
Be resourceful in managing day to day operations.
Be thoughtful and respectful to your employees.
Be understanding and accommodating to your clients needs.
Reflect upon reasons you started your own business in the beginning.
And when times are tough, take time to savor the small accomplishments along the way.