7 keys to starting a Home Health/ Hospice agency

The primary aim of a healthcare agency is to keep elderly people comfortable and healthy in their homes. There are more than 12000 home health agencies in the US. The home care industry offers prospects for people to fulfill their health care needs. In this article, we will look into seven keys to starting a Home Health or Hospice agency. Find the best hospice brokers in your area.

  • Vision and business plan

There must be a clear vision to fulfill the needs of the community. With the help of a detailed community assessment, your vision and business plan can be achieved. Different types of home health & hospice agencies are available that focus on providing non-medical assistance for disabled and senior people and a few others have therapists and nurses to meet the medical needs of the people.

  • Issues with License

Getting the necessary license is the next step for setting up a home care agency. To guide you through the process, a consulting firm will help you, your agency must incorporate with Tax Id and get a National provider identification number (NPI). Each state will have its standards that must be met.

  • Medicare Accreditation

The next step is to go through the certification process which includes a three-day Medicare survey where all the records, policies, and clinical practices are evaluated.

  • Software selecti

The selection of software is very essential as the health industry needs computerized record-keeping and advanced medical equipment. To meet their needs, a homecare startup agency must carefully choose an effective software program. It is the obligation of the senior-level consultants to ensure the correct software is chosen.

  • Preparing the Manuals

Preparing customized administrative procedure and policy manuals, form manuals and employee handbooks and other organizational tools is essential to run the agency smoothly. You can save much of your time and money by preparing such customized manuals to meet the needs of your healthcare agency.

  • Staffing your agency

All the above steps have helped us to define or set a goal, to eliminate any barriers, and prepare an organizational structure. The next step is to develop adequate recruitment and retention strategies. To fulfill the task, you must hire someone qualified and dedicated to providing good care to the patients. Therefore, maintaining your staff is very important if you want to retain them. The staff can be hired based on a full-time, part-time, or contract basis. Before you hire them, you must take a background check on the person that you appoint as he will be working under your agency. This can help in avoiding unnecessary problems like going to a lawsuit, protecting patients, and also protecting the agency’s reputation.

  • ICD-10 Readiness

The cash flow and reimbursement rates will largely depend on certain factors like accurate, efficient, and complete ICD medical coding practices. Therefore, you must train in-house coders or can even use an ICD-10 coding partner. For this extensive documentation training is crucial.

Look for an agency that offers professionals in all areas. Invest in a homecare consulting service to accomplish all the above-mentioned steps for setting up a successful home care agency.