If your idea of fulfilment is helping family or friends age or live with disability more comfortably, you’ll want to start a home care business. Congratulations on what’s surely going to be an exciting and fulfilling move!
At Nurse Next Door, we’ve helped enough people start up in the home care industry that we’re in a good position to share what’s involved. We hope we can make your decision-making process a little easier.
What’s actually required to start a home care business? (click to scroll down):
- Helpful links to find out more
- What qualifications do I need?
- Do I need to become a Registered Provider for Home Care Packages and NDIS?
- What insurance do I need?
- How much does it really cost?
1. Helpful links to find out more about franchising?
The following links are good starting points to find out more about franchising.
- Australian Competition & Consumer Commission
- Australian Government Business
- Australian Taxation Office
2. What qualifications do I need?
To own and operated a home care franchise no medical qualifications are required however to provide medical home care you will need to employ Registered and/or Enrolled nurses. For non-medical home care we recommend employing people with a minimum of Certificate III in individual support. (Aged Care Disability Support)
3. How do I become a Registered Home Care Package (HCP) Provider?
The decision to become a registered provider for HCP rests with the location franchise partner. Nurse Next Door can provide assistance and guidance to franchise partners in completing the HCP application. Nurse Next Door also partners with a third party who is registered to manage HCP funds, allowing Franchise Partners to provide care without having to be a registered provider themselves.
Likewise the decision to become a registered provider for NDIS rests with the location franchise partner. Nurse Next Door can provide assistance and guidance to franchise partners in completing the NDIS application. Care can be provided by unregistered Nurse Next Door locations for NDIS recipients provided the recipient’s package is either self or plan managed.
Private Pay home care has been identified as one of the fastest growing segments of the senior care space and is projecting exponential growth as the senior population continues to grow.
If you decide to join up with an established home care brand like Nurse Next Door, our clinical team will guide and support you through this process.
4. What insurance do I need?
The right liability insurance will protect you and your home care business. Nurse Next Door has established relationships with insurance brokers who are experienced in health care and can provide all your insurance needs.
5. How much does it really cost?
Home care isn’t a one-size-fits all business, and costs can vary (especially if you’re starting from scratch). At Nurse Next Door, it costs our Franchise Partners $3k-5k for legal and accounting services and $6k-8K on insurance. The numbers can fall across a large spectrum depending on your location, the size of your operation, and other variables.
The marketing, technology, branding, office, and other costs associated with making your home health care business a success can extend upwards of $100k, and potentially reach $200k -e specially when you have to consider cash flow for staff.
Rather than do this all yourself, have you thought about teaming up with someone who’s done it countless times and can handle the paperwork, marketing, and scheduling for you? Starting a home care business with Nurse Next Door means you can spend more time on the fun stuff. Leave the setup and admin to us!
Here is how this family from Fishers, IN started their home care business.
With a core purpose of Making Lives Better®, Nurse Next Door, under the leadership of Melbourne based Master Franchisors Matt Fitton and Amber Biesse, provides in-home aged care and disability support services built on our philosophy of Happier Ageing® focusing on possibility rather than disability.