Selling A Health Care Company
If you own a health care business that you are considering selling, please fill out our Confidential Information Form or email us at for a confidential consultation. Or call us at 750-5950. We have many potential buyers for Health Care companies, and we invest a lot of time and marketing dollars to match up the right buyer with the right business at terms that work for both parties. Contact us to discuss how we can help you with mergers and acquisitions in the healthcare industry.
Home Health Care Business Income
Wondering what your home health care business income will look like, once your company has gotten off the ground? The national average rate for at-home non-medical care is about $27, so you could make up to $50,000 per year or more depending on how much you charge for your services.
And, if you expand and hire more employees, you can pay them hourly wages averaging $11-$15 per hour and keep the rest of your profits for yourself. As your business grows, your expenses will go up, but so will your profits!
Reason #: The Frontline To Franchisee Program For Caregivers
Caregivers are the heart of our business but caregiving jobs are typically only ever part-time in the home care industry, making it so many caregivers are forced to take on multiple jobs in order to get by.
To give thanks to these amazing caregivers, ourFrontline to Franchisee is a franchise opportunity geared directly to caregivers. Caregivers can get started with their own franchise business with zero money down, can enjoy extra support and training, and can even reap the benefits of a special flexible fee structure.
Due to the tirelessness of our caregivers, our clients life expectancy increases to give thanks to this in home care, we help any caregiver who wants it become the owner of their own healthcare agency.
Watch Our Discovery Video For More Information On
- How to start your own home care franchise
- Nurse Next Doors unique 24/7 call center
- What type of training & support we provide for you
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Coaching & Business Support
You will be assigned a personal motivational business coach as well as a registered nurse clinical coach. They will help you stay focused on business operations as well as provide clinical support for your home care franchise in Pennsylvania. You will never feel alone with our ongoing coaching and business support, weekly phone calls and our mastermind support process for your home care businesses is the best in the industry.
How To Start A Home Health Care Agency
*This is a guide to get your home health care agency started.
We CAN NOT HELP YOU DIRECTLY START a Home Health Care Agency.
Please DO NOT contact PRN Funding until your healthcare agency has factorable invoices.*
Due to the aging of baby boomers and increased life expectancy, the number of senior citizens over the age of 65 is increasing every year. With that comes the increasing need for medical and personal care as well. This offers great business opportunities for entrepreneurs in the healthcare industry.
If youre considering owning a business in the home health care industry, you might be wondering Where do I start? Before we get into the necessary steps for starting a home health care agency, what actually is a home health care business?
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Starting A Home Health Care Business Follow These Steps:
NOTE: PRN Funding is NOT an authority on starting a home health care business. PRN Fundings expertise is with invoice factoring. Home health care companies have the ability to factor once they have invoices lined up. Until your home health care company has invoices, please do not contact PRN Funding concerning funding.
Step 1: Create a business plan.
This is the first step in starting any type of business. You need to make a business plan for your home health care agency because it is the base of your company and will be needed for each step to follow. A business plan includes the following:
- Executive summary Explain the basics of your company.
- Company description Write the mission and goals of your home health care agency.
- Services Describe what services you will be providing.
- Management and organization Describe the ownership structure of you healthcare business.
- Operational plan Explain the facility and staff, as well as supplies you will need to operate.
- Financial plan This is where you will write a cash flow projection, balance sheet snapshot and break-even analysis.
Step 2: Register with the state.
In order to receive payment from Medicare and Medicaid, your agency needs to meet the requirements put in place. Certify your agency by completing your states home care application for a license.
Step 3: Obtain Medicare and Medicaid certifications.
Step 4: Hire a great staff.
Step 5: Get your clients.
Step 6: Have a solid financing plan for growth.
World Class Marketing Support For Home Care Franchise In Pennsylvania
At our Strategic Marketing trainings you and your staff will learn everything you need to know to develop your local strategic marketing plan, your budget and how to attract customers. Home Care for the 21st Century has an in-house marketing agency with direct local and national buying power of digital ads and video space. Our technologies allows us to target an audience by any demographic, behavior, keyword searches and intender type. We don’t go through an advertising agency…we are the agency, Keeping all marketing campaigns and creatives, in-house means faster setup and execution of your campaigns, offering you a streamlined marketing support experience for your home care franchise in Pennsylvania.
To begin planning your local marketing strategy for your home care franchise in Pennsylvania, we teach you how to understand the customer journey and all the steps of the sales funnel to effectively plan strategies in each stage of the customer journey. We don’t just teach you all the marketing tactics, we focus on creating a meaningful connection through the use of marketing and communication. You’ll find world class marketing support not found in other home care franchises in Pennsylvania or anywhere in the United States.
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Reason #: You Do Not Need A Background In Health Care To Offer Successful Home Health Care Services
While a background in health care can certainly be a benefit when running a home health care agency, senior care is the perfect option for anyone who thrives on providing people with quality care: as we here at Nurse Next Door like to say, Skills can be taught. Passion cant!
In fact, three out of four of Nurse Next Door franchise owners come from a non-medical background. This is because our team of experts provide ongoing coaching for franchise owners to help them balance their start up costs, capitalize on new client admissions, establish their online presence, and become confident as a business entity.
Even if you do not have Medicare and Medicaid certifications, Nurse Next Door ensures that you have the best resources, tips, and hands-on guidance required to thrive in the personal care industry.
Initial Investment For A Home Care Franchise In Pennsylvania
Home Care for the 21st Century is looking for compassionate and highly motivated candidates who want to start a home care franchise in Pennsylvania. A business background in healthcare , sales or marketing is not necessary for success, we can teach you that. But compassion and drive must come from you.
While we don’t provide financing, we do have 3rd Party financial partners to assist you if needed. Call for details.
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Business Plan For Home Care Agency
Building a business plan for your home care agency is a key step in determining if your business will be viable or not and if its a worthwhile investment. In your business plan, among other things, youll outline:
- The rate youll charge for your services
- Your target demographic
- Costs associated with licensing and certification
- Your monthly budget and break-even rate
- Your business objectives and goals
- Your corporate values
- Expansion plans
You cant start a successful business without a plan so think through every aspect of your business when creating your business model. This guide from Bplans is a good place to start, if you need more help writing your plan.
The Best Clinical Support For Your Home Care Franchise In Pennsylvania
Home Care for the 21st Century understands the importance of clinical excellence and accreditation to help set you apart from other competitors. We have nurses that are dedicated to and your clinical regulations Our clinical team provides QAPI throughout the lifetime of the franchise at NO additional cost.
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Policies Procedures And Operational Materials
Our home care franchise partners will receive customized policy and procedure manuals for all home care business models. Our registered nursing clinicians write these policies to meet all state licensing standards, federal and accreditation organization regulations. Updates to these policies are provided on an on-going basis.
Reasons To Invest In A Home Care Business In 2021
A home health care business franchise is rewarding in more ways than one
For those ready for their next big career move but dont feel equipped to handle the stress or financial burden that comes with starting a new business from scratch, purchasing an existing business or franchise can be an accessible option for new and experienced business owners alike. The good news is that there are many options to choose from especially if youre looking for an opportunity to build your own business and make a positive impact in your local community.
Read on to learn why a home health care business franchise is rewarding in more ways than one :
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Medicare And Private Duty Accreditation
We provide Private Duty and Medicare Accreditation opportunities for our Pennsylvania home care franchise partners. Accreditation is regarded as one of the key benchmarks for measuring the quality of an organization. We employ experts in the area of Private Duty and Medicare certification / accreditation. Our clinicians are certified Accreditation Commission for Health Care and Community Health Accreditation Partners consultants.
Quality Assessment Performance Improvement Program
Our Franchisee will take part in our ongoing performance and improvement program. You will be assigned a clinical coach who will perform onsite operational audits at your agency. Your clinical coach will develop specific performance improvement plans for your Pennsylvania home care franchise, share their knowledge of changes in regulations and legislation, policy and procedure updates and provide support throughout all phases of the QAPI program.
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Reason #: Our Equally As Straightforward Seven
Our Discovery Process is as follows to ensure that you have what it takes to run a successful senior care business:
- We provide our 15-minute Discovery Video, which provides a fantastic overview of the Nurse Next Door franchisor experience
- Our team hops on a one-on-one call with you to qualify you for the remainder of the process
- We conduct an initial interview in order to answer any remaining questions you may have surrounding the opportunity
- Our team of experts begin to provide you with our ongoing support and systems that will set you up for success as a franchise owner
- After you have been debriefed on how to best care for aging baby boomers while simultaneously making a profit, you will be armed with a financial plan template and introduced to fellow franchise partners
- You will be invited to Heartquarters to spend a day with our team and experience the culture first-hand
- Lastly, you will sign your franchise agreement and be a certified business entity set under the Nurse Next Door umbrella!
Its just that easy.
Health Care Investor Acquisitions
Depending on the type of health care business being sold and licensing requirements, it may be possible to have the buyer be outside the specific industry of the seller. This would vary depending on whether it is a pharmaceutical company for sale, medical practice for sale, Health Care Manufacturer for sale, etc. Our goal is matching up the right qualified buyer with the right health care business and negotiating terms that work for both parties.
Its best to take a collaborative approach to meet buyers’ and sellers’ goals. This makes for a better sales process and a better result for the business after the sale is completed. With help from the seller, the needs of patients and customers, and employees can be met as efficiently as possible. Most of our Sellers are in their 60s or 70s and are interested in retiring after providing a transition.
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Home Health Care Businesses For Sale Showing 1
CAMC4U – $1.6 Million Revenue, Established Medicare and Medicaid Home Health Agency in Sacramento County, CaliforniaOur firm is pleased to introduce a Medicare and Medicaid certified Home Health Agency for sale in Sacramento County, California. The company has been Medicare certified since 2019,…
MNMC1H – Opportunity to Acquire a Medicare Certified Home Health and Personal Care Agency in the Minneapolis, Minnesota AreaOur firm is pleased to introduce a Medicare certified Home Health and Personal Care Agency for sale in the Minneapolis, Minnesota area. The company has been in business for…
NVHP1A: $4 Million Revenue Medicare Certified Adult and Pediatric Hospice Agency in NevadaOur firm is pleased to introduce a Medicare certified hospice agency for sale based in Nevada. They provide superior Hospice care to adult and pediatric patients. The company was established in 2020, they are…
Reason #: There Are Multiple Franchise Financing Options Available
As the franchisor of a Nurse Next Door care agency, you benefit from the strong brand and financial history behind your franchise.
This makes it easier for banks to justify the approval of a loan, which, in turn, makes multiple financing options available to you.
These options include the ability to borrow, leverage home equity, rollover your 401, or receive a Small Business Administration loan. This wide array of financing options provides much-needed flexibility to potential agency owners looking to make their start in home care.
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Reason #: Franchising A Private Home Care Business Is Less Risky Than Starting From Scratch
Even if the healthcare market wasnt booming in 2021 and beyond, franchising a private home care business via Nurse Next Door would still be less risky than starting from scratch.
Why? Because Nurse Next Door touts a tried-and-true system: business owners just like you have had successes and failures before you, all of which you can learn from. Instead of being in a situation where your business weighs heavily, you can instead focus on your clients knowing that a franchisor has tested the waters before you to discover what works and what doesnt. This sets you up for success and helps you to be better prepared than most entrepreneurs ever are.
Reason #: You Determine Your Services Success And Level Of Involvement
On top of being a part of the fastest growing healthcare industries, another one of the primary benefits of investing in a home care business in 2021 is the fact that, as a franchise owner, you determine your services and success.
As the owner of a home healthcare business, you set your own goals and, in turn, measure your own success based on your unique business plan. Our company description explains that we believe seniors can stay at home, and, to achieve that, franchisors can pitch to potential clients a blend of:
- Meal preparation
- Companionship
- Helping to facilitate doctors appointments or communicate with adult children
- Around-the-clock care like blood pressure checking or keeping seniors cognitively engaged
- Transporting clients
- Giving end-of-life care
After completing your complimentary phone consultation with a client, you can be the one to decide if all your employees are suited to certain services and arrange your team of home care aides accordingly.
Speaking of your team of professional caregivers
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Training And Coaching Advantages
Your personal business coach along with our team of industry experts will be there for your home care franchise business in Pennsylvania, providing you with the business support and guidance to run a successful home care franchise business. We offer a 10 days of extensive on-site training at our corporate office as well as ongoing training and support at your agency location. We ensure that you are prepared to operate a successful your home care franchise in Pennsylvania, and we are here for you to make sure you feel supported. Knowledge is your key to success.
Health Care Mergers & Acquisitions
We have completed Health Care Mergers & Acquisitions where a larger healthcare company acquires a smaller one. The goals are often to bring on more expertise and a broader customer base while increasing the overall net income of the combined firm. We have also assisted the buyer in arranging bank financing so that the seller can be paid at the closing with a minimum of seller financing. Some seller financing may be necessary to ensure that the seller stays on after the sale is completed for a transition.
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Make A Difference With Senior Helpers Today
Shape your future in an industry that ranks as one of the most profitable in franchising. Senior care franchisees have the benefit of launching their elderly care franchise with a proven model, in an industry thats growing and becoming more profitable every year. They also enjoy the support of our world-class training team.
We want our new franchisee partners to not only feel well-positioned to succeed in the industry, but also supported throughout the entire process, from location scouting to caregiver training. Check out the pages below to learn why a Senior Helpers home care franchise is an incredible opportunity and see what territories are available near you.