START A HOME HEALTHCARE BUSINESS IN DELAWARE
Healthcare Provider Licensing, and Certification Starts at $300 yr
Or let us do the work for you. As a not-for-profit, we’re here to support you through the life of your home care or home healthcare business enterprise
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OVERVIEW OF HEALTHCARE SERVICES IN DELAWARE
Delaware is home to over 1 million people, with 16.4% of them being seniors aged 65 or older. According to the 2021 Genworth Cost of Care Survey, average in-home care costs in Delaware are $382 higher per month than the national average of $4,957. On average, assisted living costs are $5,995 per month, or $656 more expensive per month than in-home care.
If you’re a Delaware taxpayer aged 60 and older, you get a generous state tax exclusion on your retirement income. This gets even better at age 65. Delaware property taxes are among the lowest in the nation. Seniors may qualify for property tax exemptions of up to 50%, which is excellent for those who own their homes and want to age in place. As they get older, in-home assistance helps them remain independent. Delaware seniors have two in-home care options: home care and home health care. Home care helps with household chores and personal care, while home health care offers medical assistance.
Both types of care averaged $5,339 per month in Delaware in 2021. This is among the state’s most affordable senior care options.
WHY YOU SHOULD START A HOME CARE AGENCY IN DELAWARE:
THE BENEFITS AND OPPORTUNITIES
If you are looking for a rewarding and profitable business opportunity in the health care industry, you should consider starting a home care agency in Delaware. Home care agencies provide essential services to seniors, disabled, and chronically ill individuals who need assistance with daily living activities. By starting a home care agency in Delaware, you can benefit from the following advantages:
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High demand
According to the U.S. Census Bureau, Delaware has one of the highest percentages of elderly population in the nation, with 16.4% of its residents being 65 years or older. This means that there is a large and growing market for home care services in the state.
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Low competition
Delaware has many home care agencies compared to other states , which means that you may face more competition.
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Affordable licensing
Delaware requires home care agencies to obtain a state license , which can be affordable. You also need to comply with federal and local regulations, such as obtaining a business license, registering with the IRS, and following labor and tax laws.
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Flexible services
Delaware allows home care agencies to offer a wide range of services , such as personal care, companion care, homemaker services, respite care, and skilled nursing care. You can tailor your services to meet the specific needs and preferences of your clients.
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Professional support
Starting a home care agency can be challenging, but you don’t have to do it alone. You can get professional guidance and support from experienced consultants who can help you with every step of the process, from business planning and marketing to training and compliance.
Starting a home care agency in Delaware can be a fulfilling and profitable business opportunity for those who want to make a difference in the lives of others. If you’re interested in learning more about how to start a home care agency in Delaware, contact us today for a free consultation.
HOW MUCH WOULD IT COST TO START MY BUSINESS?
Starting a home care agency in Delaware can be a rewarding and profitable business opportunity, but it also requires some initial investment and ongoing expenses. According to SeniorCare.com, the average hourly rate for home care across Delaware is $22.00. The least expensive area of the state for home care is not available in the search results.
There are currently many home health agencies throughout Delaware that are state licensed and federally certified. If you’re looking for help with daily administrative situations while you grow your business, there are many companies that offer concrete solutions. However, I’m not sure if there are any specific companies that offer this service in Delaware.
Roughly The costs associated with starting your agency in Delaware involves:
1. Business License
According to the Delaware Division of Revenue, businesses in the state of Delaware must pay an annual fee for a business license that varies; however, the rate is generally $75.00 for a first location. A separate license is required for each separate business activity. After the first year, Delaware businesses may additionally opt to buy a three-year business license.
2. LLC Formation
The filing fee for articles of organization with the Delaware Secretary of State is $90.
3. State Tax Registration
There is no fee to register your business with the Delaware Department of Revenue to obtain a state tax identification number.
4. Federal Tax ID
There is no fee to obtain a federal tax identification number (EIN) from the IRS.
5. Insurance
According to Insureon, commercial insurance can be affordable for small business owners in Delaware. The average cost of general liability insurance is $42 per month.
6. Staffing Costs
The cost of staffing your home healthcare business will depend on the number of employees and their qualifications. For example, the average hourly rate for a registered nurse in Delaware is $38. Consult Atlas Foundation Recruiting & Staffing service can help you in getting the best staff for your agency.
7. Marketing Costs
The cost of marketing and advertising your home healthcare business will depend on the strategies you use. For example, the cost of running a digital marketing campaign can range from a few hundred dollars to several thousand dollars per month. There are many digital Marketing agencies, which can help your business to grow online such as Ujatcare.
8. Office Rent
According to Commercial Edge, the average monthly rent for a 1,000 square foot office in Delaware is $1,200.
9. Equipment and Supplies
The cost of medical equipment and supplies for your home healthcare business will depend on the type and quantity of items you need. For example, a hospital bed can cost between $2,000 and $5,000, while a wheelchair can cost between $200 and $2,000.
We’re here to help you!
Consult Atlas Foundation is a non for profit consulting company that aims to solve the health care crisis by helping people like you start their own home care or home health care agencies. We provide you with everything you need to succeed, from business planning and licensing to training and marketing. We also offer ongoing support and guidance to help you grow and thrive in this rewarding and profitable field.
By starting your own home care or home health care agency, you can:
– Provide essential services to seniors, disabled, and chronically ill individuals who need assistance with daily living activities
– Create jobs and opportunities for caregivers and nurses who share your passion and vision
– Generate income and profits that you can reinvest in your business or donate to a cause of your choice
– Make a positive impact on your community and the health care system
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