More and more medical professionals are seeking new ways to provide the care they’re passionate about. Franchise opportunities are a popular choice, allowing people to pursue an independent lifestyle. Even entrepreneurs without medical backgrounds are looking to the healthcare industry these days. This is because as the financial and emotional cost of hospital care soars, more elderly Americans want at-home care. And this creates a great demand for home health care services.
Whether you’re an RN seeking independence or a business-minded entrepreneur searching for a meaningful investment, the world of senior care is an ever-growing market. But in your initial research for best franchises to own, you may have come across two similar-sounding but distinct avenues: home care and home health care.
These two types of at-home eldercare are different in significant ways. So how do you know which kind of business is right for your entrepreneurial goals?
What is Home Care?
Home care businesses offer non-medical senior care services, providing daily assistance to people so they can feel safe living at home. Home care covers support for personal care (such as bathing, grooming, and dressing), light housekeeping, meal preparation, and transportation. Aides with home care businesses can provide medication reminders but cannot administer medicines, injections, or therapies.
While those under home care can’t receive medical care from their providers, they do receive companionship and help with managing the daily realities of living with chronic illness, disability, or recovery from surgery.
What is Home Health Care?
Home health care covers the medical gaps left by home care. Home health care provides more robust services that require professional skill and medical training. These services include skilled nursing care, physical therapy, occupational therapy, speech therapy, social work, and certified aides.
Home health care businesses frequently work with patients’ doctors to provide at-home care services, treatments, and health monitoring. Because doctors can prescribe home health care, it may be covered by patients’ Medicare or Veterans benefits.
How Does the Process of Starting These Businesses Differ?
Because home health care businesses provide medical care, certain licensure and certification processes are required for employees. These requirements vary by state. Typically, licensure, training, and education requirements apply to employees of the home health business who will be administering care; franchisees themselves have different certification requirements.
If you choose to franchise with a company like Boost Home Healthcare, you will receive support to make the licensing and certification process clear and concise, as well as training from our team of experts. Even if you have no medical experience or accreditations, Boost Home Healthcare can set you on the path to success.
Benefits of Choosing Home Health Care
For years, savvy entrepreneurs have known that home health care is one of the most profitable businesses in the US. Recent reports show that the global home health care market is projected to account for over $525 million in the next 5 years alone. With a steady, healthy growth rate, home health care is a sound investment in your future.
Aside from these remarkable revenue opportunities, home health care provides an almost unparalleled sense of satisfaction to franchise owners. Not only do entrepreneurs achieve financial independence with home health care franchises, they feel that they are providing a community service to seniors, giving back in a deeply meaningful way.
Helping Others Live Their Best Life
When you choose to start a home health care franchise, you are choosing to help people live their best lives. And, of course, you earn independence for yourself as well, as the demand for home care grows nationwide. Becoming an entrepreneur with a reputable franchise is a wise and meaningful choice for your future and the futures of families in your very own community.
Boost Home Healthcare: Senior Care Franchise with Support
Home health care is one of the most profitable and growing entrepreneurial opportunities. If you want to learn more about how you can empower your future and serve seniors in your community, reach out to the Boost Home Healthcare team at (248) 781-8825 or contact us here.