Hospice Care Tips - All Care ConsultingWhat To Know About Starting A Hospice Care Business

What is a hospice care businesses? Hospice care deals with patients that are in the final stages of a terminal illness, and is the transition point where people will come to pass. Helping to comfort the patients and often playing an important role for families makes running a hospice business is a fulfilling venture for many entrepreneurs. There are certain things to be aware of when starting a hospice care business to avoid unnecessary fines. Hospice care is a highly scrutinized for licensing and certifications, and is strictly regulated by each state.

Hospice Care Industry Trends

The average length of stay in hospice care also jumped substantially over that time, in California and nationally, according to the analysis. Profit per patient quintupled, to $1,975, California records show((https://www.washingtonpost.com/business/economy/medicare-rules-create-a-booming-business-in-hospice-care-for-people-who-arent-dying/2013/12/26/4ff75bbe-68c9-11e3-ae56-22de072140a2_story.html)).

In the ten years since 2002 the hospice care industry in California has grown from $25 Million to $265 Million. The average profit per patient has experienced an over 139% increase per patient. This combination has caused an even greater increase because of the growing number of patients that are in need of hospice care. Baby boomers are people born between the the years 1946 and 1964, and as of 2014 the average age of the baby boomers is 65. Another contributing factor to growth in profitability is that patients are staying in hospice care longer on average, with most cases are related to non-cancer patients.

All Care Consulting Services offers assistance in all steps of starting and running a hospice care business. No matter if you’re in a beginner to business or a seasoned veteran, running a hospice business can be a profitable and rewarding endeavor. We can help you to navigate through all the state applications, certifications, and requirements.

Getting Started

The following points are general starting points to consider when starting a hospice care business.

  • Finding the right location
  • Facility compliance
  • Contact your local state agency for Hospice Business Licensing Requirements
  • Take time to fill in the application and pay all applicable fees
  • Hiring the qualified candidates
  • Find reasonable and reliable funding
  • Develop a website and marketing plan