START A HOME HEALTHCARE BUSINESS IN GEORGIA
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 GEORGIA
Warm weather and excellent tax breaks for seniors are two reasons why Georgia was ranked one of the top states in the country to retire. As of 2021, over 1.5 million seniors call the state home. This could be in part because seniors aged 65 and older receive a tax exclusion of $65,000 per person, and Social Security isn’t taxed12.
Atlanta is home to one of the top ranked hospitals in the nation and the number one hospital in the state: Emory University Hospital, which specializes in cardiac ICU, orthopedics and geriatrics. In Gainesville, Northeast Georgia Medical Center is also top ranked in Georgia for its cardiac care3. For long-term care at home, seniors can choose in-home care, which offers nonclinical at-home assistance. Home health aides offer the same service with skilled nursing and medical care included. As of 2021, the cost of in-home care in Georgia was $4,290 per month45.
This guide covers the cost of in-home care throughout the state and an overview of other long-term care costs. It also includes a list of resources for seniors who want to age in place.
WHY YOU SHOULD START A HOME CARE AGENCY IN GEORGIA:
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 Georgia. 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 Georgia, you can benefit from the following advantages:
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High demand
According to the U.S. Census Bureau, Georgia has one of the highest percentages of elderly population in the nation, with 14.9% 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
Georgia has many home care agencies compared to other states, which means that you may face more competition.
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Affordable licensing
Georgia 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
Georgia 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 Georgia can be a rewarding and profitable business opportunity that allows you to make a positive impact on the lives of seniors, disabled individuals, and those with chronic illnesses. If you’re interested in learning more about how to start a home care agency in Georgia, contact us today for a free consultation.
HOW MUCH WOULD IT COST TO START MY BUSINESS?
Starting a home care agency in Georgia can be a rewarding and profitable business opportunity, but it also requires some initial investment and ongoing expenses.
Have in mind that you can take care of all this yourself or call us for help. We have concrete solutions that help you solve daily administrative situations, while you take care of growing your business.
Roughly The costs associated with starting your agency in Florida involves:
1. Business License
According to the Georgia Department of Revenue, businesses in the state of Georgia must pay a non-refundable fee of $50 for a business license that is valid for one year from its approval.
2. LLC Formation
To form an LLC in Georgia, you will have to file a certificate of formation with the Georgia Secretary of State. A $100 filing fee is paid to the secretary of the state of Georgia in the process.
3. State Tax Registration
There is no fee to register your business with the Georgia 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 Georgia. The average cost of general liability insurance is $40 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 Georgia is $40.59.
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 Georgia ranges from $16.23 per square foot for class C office space to $30.85 per square foot for class A office space1.
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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