Setting up a Home Health Care Agency: What You Need to Know

The home health care sector is growing exponentially at about 7 per cent every year. It is expected to be approx. $173 billion by 2026. 

 

Medical professionals and entrepreneurs armed with accurate information can think to set up How To Open A Home Health agency to meet the demand of the market. If you’re also planning to begin this small business, then the following blog will guide you through it. Here, we will discuss Home Health Agency Requirements including the cost. 

 

What is a home health care agency? 

A home health care agency is a licensed business that hires professional home care providers such as CNA (Certified nursing assistants), RN (Registered nursing), and non-skilled professionals who provide medical and non-medical care to elderly patients. 

 

How much does it require to set up a home health care agency? 

Cost highly depends on the type of agency you want to open. If you’re planning to set up a home care agency, then it is one of the least expensive options that doesn’t really require any certification or license. You’ll need between $40,000 to $80,000 to get began on a small scale of services offered and operations. 

 

Whereas, home health agencies that offer medical care services require a huge investment. You’re required to acquire a license and professional degrees to set up this agency. It will cost around $100,000 to begin your home health agency on a small scale. 

 

The Medicare certifications, which almost all medical professionals have, require between $150,000 to $35,000. 

 

You can get in touch with home health care agency consultants at www.homehealthbiz.com to discuss the procedure.