When you think about starting a home health agency, there is a lot to do. There are many sink or swim items that must be considered. Reality is that many do not research and understand what can put their business in quicksand. Let’s look at some pivotal items that are key to moving forward successfully.
5 Big Red Flags:
To begin, we would like to consider 5 items that often determine whether your agency will sink or swim:
- No Business Plan Including A Budget
- No Operations Plan/ Policy Manual
- No Marketing Plan/ Poor Marketing Plan
- No Patients 3 Months Later
- Nothing To Differentiate You From The Competition
To most, this would seem like common sense if you are starting a home health agency, but it often isn’t. Agency owners need to do the homework before they start and all of the above are part so you have patients and the referrals continue to come. Consult your state department of health to determine the requirements and the steps to starting a home health agency. It is also important when speaking to the state to get some guidelines on time frame. You are going to be working without income so timing and moving forward methodically becomes crucial.
Consider Investing In A Consulting Firm:
Often times, the cost of consulting may worry those new business owners who want to get started. However, doing it on your own and making mistakes along the way hold you up on getting to the point of billing for services. This means you pay staff to continue to provide care with no reimbursement for you. This can becomes costly very quickly. Consulting firms can help with accreditation and mock surveys to get you ready for the real thing. In addition, the efforts made by your consulting firm keeps you on track to begin putting together operations and helping you to truly understand regulations in a meaningful way. Consulting packages often include items such as insurance, marketing plans, policy manuals, head hunting, and training. It allows you to focus on the work of putting the agency together as opposed to just figuring out what the steps in the process are.
Kenyon Homecare Consulting Can Help:
Whether you are starting from scratch or need assistance moving forward from where you are now, Kenyon Homecare Consulting can help. We offer services to help you begin as well as how to diversify your current program. We have senior level consultants that can assist with clinical, operational, financial and software questions. They work together as a team to provide the comprehensive level of services you need to be successful. Call us at 206-721-5091 or contact us online today to see how we can help you!