Many entrepreneurs have found home care agency business to be the ideal home based or small business due to the low start up cost, the market share and the ability to manage the business from home or a small office.
Home care agencies were also named as one of the best home based businesses to start in 2010. Also named one of the best businesses for stay home moms.
Non medical home care business is growing because there is a need for services to meet the current market demand with tens of millions of baby boomers approaching retirement age .
Families are also choosing the wiser option of in home care services for independence, quality and personalized care in the comfort of their homes. With the demands of the economy and hard times requiring two-income families, there is nobody to give mom or dad a helping hand.
Health-care costs are rising and hospitals are discharging patients earlier for in home health and supportive services as opposed to congregate care for better outcomes.
As a home care agency you have several options to generate revenue. You can tailor your business to provide medical services or supportive service such as transportation, medication reminders, assistance with activities of daily living, housekeeping, errands, respite services and much more. Or you can provide in home health services such as nursing care and therapy services.