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What is a Home Health agency? Provides physical therapy, occupational therapy, skilled nursing (RN, LVN) service in an in-home enviroment. Who can own a Home Health agency? Just about everyone with the exception of those with a felony conviction or bankruptcy. You are not required to have a medical background. How can you own a medical facility without a medical background? You hire staff with strong medical backgrounds. For example, the clinical administrator is an individual who must to have an extensive medical background. The person who holds this position is charged with the responsibility to ensure that the facility complies with all Medicare requirements and also serves as the agency's primary contact with referral sources. While not currently required by either federal or state statue, we recommed that the agency retain the services of a medical director. This person will be an MD or DO who is responsible for overseeing the medical operations of your facility. It has been our experience that this individual greatly enhances the overall quality of care. Why would a practicing physician want to serve as my Medical Director? Medical Director is a paid position for supervising your medical operations and reviewing patient files to ensure that patients are receiving proper and complete treatment. The Medical Director is neither expected nor required to work soley from your home heatlth location. (The anti-referral rules generally prohibit a physician from referring patients to a facility that they own, but do not prohibit a physician from referring patients to a facility for which they serve as the Medical Director.) Why did Congress approve the creation of Home Health agencies? A cost effective means of providing multiple therapy treatment to patients at a substantially lower cost than in-patient hospital treatment. Has the Home Health agency program changed since its inception? Yes, the current Medicare payment system is the Prospective Payment System (PPS). Payments are allocated on the severity, needs, and longevity of the patient. Each patient must be re-assessed and recertified every 60 days. What industry standard minimun services must be made available at a Home Health Agency?
What are some of the optional services that a Home Health agency may provide?
What makes Home Health agency employment more appealing? Flexibility - within employer established guide lines, agency employess have the ability to set own schedule according to patient needs. Where do Home Health patients come from? Patients are referred to the facility by physicians, insurance companies, hospitals, case management nurses, nursing homes, rehab hospitals, etc. How long does a patient receive Home Health services? There are no limitations on the duration or frequency of services. The patients' primary care physician may modify the treatments based on how the patient is responding to current treatment. Why do patients choose Home Health services instead of in-patient services at the local hospital? The number one reason is because they can have their medical needs met in their home with $0.00 cost to the patient. What are the benefits of owning a Home Health agency? If set-up and managed properly, Home Health agency ownership allows owners very significant incomes, benefit packages, retirement plans, and bonuses, in addition to profits from operation and sale of the agency. What makes owning a Home Health agency an extraordinary business opportunity? Home Health agencies provide services primarily to senior citizens. Medicare eligible beneficiaries have increased in number from 19 million in 1965 to approximately 35 million today. The patient base is already in place and continues to grow every day. What are the start-up costs? Our fee for assisting you to become a licensed and Medicare certified Home Health agency owner is $75,000. An additional $100,000 - $150,000 will be needed for start-up costs and equipment. Medicare requires you to have 6 months capital to start your agency. What will I receive for the $75,000 fee that Home Health Consulting charges? We will walk you through every step to establish your Home Health agency and get you licensed and Medicare certified. Our services include:
How much annual income is projected? A well organized, well run Home Health agency should anticipate an annual income in the range of $200,000 - $400,000. This is influenced by numerous factors. Among the critical factors are quality of patient care, maintaining and expanding your referral sources and geographic location ( urban locations typically result in higher levels of income than rural areas due to available patient base).
After I own a licensed and certified facility do we still have a relationship? You choose. We offer a full comprehensive management scenario that can be tailored to your individual needs. How do I get started? Contact us. We will make arrangements to assist you in starting your financial endeavor. 1-888-578-8400 |
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