As baby boomers age, the need for home health agencies rises. More people are starting to think about their health rather than investing in traveling, cars and other luxuries. Therefore, starting your own home health agency could be very lucrative and you may even qualify for a small-business grant.
Guidelines
Going in, you'll need the experience necessary to manage a home health agency, such as a nursing or business degree. You'll also need to have the funds available to hire nurses and a fully-functioning staff. Put together a business plan and learn the rules and regulations regarding owning and operating a home health agency in your particular state. You will need to find a location for your office.
History
The concept of home health care started in the early 19th century, with nurses working in homes. They mostly cared for new mothers and treated those with infectious diseases. The demand for home nurses grew and organizations developed to cover the need. In 1909, there were more than 500 home health nursing organizations. By 1930, people were seeking help from hospitals due to degenerative diseases. As a result, home health nurses soon became a thing of the past--until the 1950s, when hospital costs soared. Now, home health care and hospice are closely monitored and considered a great alternative to hospital stays.
Potential
If you are passionate about caring for the sick, you have the potential to be a great success in the home health industry. It takes a certain type of person to care for the terminally ill or those injured in accidents.
Time Frame
It can take weeks or months to obtain the needed licenses, so start early. You might also prepare to offer long-term services as some clients may need you for the rest of their lives.
Warnings
It is unlawful in any state to own and operate a home health nursing agency without the proper identification and licenses.
Tags: home health, health agency, home health agency, health care, health nursing