START A HOME HEALTHCARE BUSINESS IN IDAHO
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 IDAHO
Idaho has a sizable senior population, comprising around 14% of the state’s total population, with over 280,000 residents aged 65 and above.
The cost of living in Idaho is relatively low, making it an attractive destination for retirees. With its scenic beauty, mild weather, and access to outdoor activities like hiking and skiing, Idaho is a popular location for seniors.
Seniors in Idaho have various healthcare options available to them, including in-home care, nursing home facilities, assisted living facilities, home healthcare, and adult day healthcare. Nursing home facilities provide the highest level of care, but they are also the most expensive option, averaging around $7,313 per month in Idaho for a semi-private room. Assisted living facilities, which offer a lower level of care than nursing homes, cost around $3,943 per month on average. In-home care and home healthcare, which provide clinical services like physical therapy, cost around $4,957 and $5,005 per month, respectively. The least expensive option, adult day healthcare, averages around $1,300 per month in Idaho.
WHY YOU SHOULD START A HOME CARE AGENCY IN IDAHO:
THE BENEFITS AND OPPORTUNITIES
If you are interested in starting a home care agency in the health care industry, Idaho could be a great state to consider. By starting a home care agency in Idaho, you can benefit from the following advantages:
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High demand
According to the U.S. Census Bureau, Idaho has a growing elderly population, with 14.6% of its residents being 65 years or older. This means that there is a large and increasing market for home care services in the state.
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Low competition
Compared to other states, Idaho has a relatively low number of home care agencies. This means that you have more opportunities to attract and retain clients. According to Home Care Pulse, Idaho ranked 27th among the states in terms of the number of home care agencies per 10,000 seniors in 2020.
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Affordable licensing
In Idaho, home care agencies must obtain a state license, but the process is relatively straightforward and affordable. This can save you time and money compared to other states that have more stringent licensing requirements.
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Flexible services
Idaho 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. This flexibility allows you to customize 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 Idaho can be a rewarding and profitable business opportunity for anyone who wants to make a difference in the lives of others. If you are interested in learning more about how to start a home care agency in Idaho, contact us today for a free consultation.
HOW MUCH WOULD IT COST TO START MY BUSINESS?
Starting a home care agency in Idaho 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 Idaho involves:
1. Business License
The cost of a business license in Idaho varies by city and county. For example, in Boise, the cost of a business license is $50, while the cost in Meridian is $75.
2. LLC Formation
The filing fee for articles of organization with the Idaho Secretary of State is $100. There may also be additional fees for expedited processing.
3. State Tax Registration
There is no fee to register your business with the Idaho State Tax Commission 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
Liability insurance for home healthcare businesses in Idaho can cost between $1,000 and $3,000 per year, depending on the size of your business and the type of coverage you need. Workers’ compensation insurance premiums vary depending on the number of employees and their job duties.
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 Idaho is $32. 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
The cost of renting an office space for your home healthcare business will depend on the location and size of the office. For example, the average monthly rent for a 1,000 square foot office in Boise 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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