How much does it cost to open a home health agency?
Starting a home health care agency can be expensive...here's what to expect... When you talk to smaller start-up agency owners, it is hard to escape the sentiment that many of these individuals have a background in nursing and patient care, and their motivation is quite personal. Homecare is very much a labor of love for a large number of people who get into the industry. On the business side, starting a home health agency can be a lucrative and rewarding opportunity, but it also requires significant financial investment and planning. So how much money does it take to start a home health agency and what factors can affect the cost? According to the National Association for Home Care & Hospice (NAHC), the cost to start a home health agency can vary widely, depending on several factors such as the location, size of the agency, services provided, and licensing requirements. On average, starting a new home health agency can cost between $150,000 to $200,000, and this includes e...