START A HOME HEALTHCARE BUSINESS IN WISCONSIN
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 WISCONSIN
Wisconsin has a senior population of over 1.2 million residents, accounting for approximately 20% of the state’s total population. With its diverse geography and moderate climate, Wisconsin is a popular destination for retirees seeking a comfortable and affordable lifestyle.
Wisconsin offers a range of healthcare services for seniors beyond in-home care. Nursing homes provide the highest level of care, but can be significantly more expensive than in-home care, with an average cost of $8,286 per month for a semi-private room. Assisted living facilities, at an average cost of $4,500 per month, are a more affordable option for seniors who need help with daily tasks but want to maintain some independence.
Home healthcare, which includes clinical services such as physical and occupational therapy, is comparable in cost to in-home care, with an average cost of $4,671 per month. Adult day healthcare is the least expensive option, at an average cost of $1,646 per month, and provides seniors with social interaction, meals, and healthcare services during the day.
WHY YOU SHOULD START A HOME CARE AGENCY IN WISCONSIN:
THE BENEFITS AND OPPORTUNITIES
If you’re looking for a fulfilling and profitable business venture in the healthcare industry, starting a home care agency in Wisconsin may be an ideal option. Home care agencies provide crucial services to seniors, disabled, and chronically ill individuals who need assistance with their daily living activities. By starting a home care agency in Wisconsin, you can enjoy the following benefits and opportunities:
Wisconsin has a growing aging population, with 16.5% of its residents aged 65 or older, according to the U.S. Census Bureau. This translates to an increasing need for home care services in the state.
While Wisconsin has a fair number of home care agencies, there is still room for new players in the market. In 2020, the state ranked 31st among states with the most home care agencies per 10,000 seniors, according to Home Care Pulse.
Reasonable licensing requirements
Wisconsin does require home care agencies to obtain a license from the Department of Health Services. However, the process is straightforward, and there are several resources available to help you navigate it. You’ll also need to comply with other state and federal regulations, such as registering with the IRS and following labor and tax laws.
Wisconsin allows home care agencies to offer a range of services, including personal care, companion care, homemaker services, respite care, and skilled nursing care. This flexibility enables you to tailor your services to meet the unique needs and preferences of your clients.
Starting a home care agency can be daunting, but you don’t have to do it alone. Experienced consultants can provide professional guidance and support throughout the process, from business planning and marketing to training and compliance.
Starting a home care agency in Wisconsin can be a rewarding and lucrative opportunity for individuals who want to make a positive impact on their community. To learn more about starting a home care agency in Wisconsin, contact us today for a free consultation.
HOW MUCH WOULD IT COST TO START MY BUSINESS?
Starting a home care agency in Wisconsin 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 Wisconsin involves:
1. Business License
The cost of a business license in Wisconsin varies by city and county. For example, the cost of a business license in Milwaukee is $75, while the cost in Madison is $75.
2. LLC Formation
The filing fee for articles of organization with the Wisconsin Secretary of State is $130. There may also be additional fees for expedited processing.
3. State Tax Registration
There is no fee to register your business with the Wisconsin 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.
Liability insurance for home healthcare businesses in Wisconsin 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 Wisconsin is $32. Consult Atlas 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 Milwaukee 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 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