Am I dreaming to big? Is this even a possibility?

Nurses Entrepreneurs

Published

Hi guys im new to this particular subject on AN. So like everybody else on this site I want to become a nurse. But not just any nurse. I want work for myself. I cant see myself working on the floor/unit for 20 years. Not that there's anything wrong with that but its not for me.

I want to have a home health business and a Assisted Living facility. And not like a big extravagant 80 bed nursing home but something small like 20 beds and grow from there. Im not gonna go into my big life story on why I want to do this but nursing home negligence and abuse is a huge part. I feel like if the ratios are smaller it could reduce it.

My whole thing is funding and labor. Just wondering if anyone knows someone who has tried this and how did they go abt doing it? Thanks!

Up Vote Up Vote ×

I think anything is possible. I don't know the details, but my friend's brother did this. He purchased a large home and only has 8 patients. Mostly his elderly grandmother and aunts because it's a recent endeavor. I don't know him personally, but just the info I got from my friend is that it is a LOT of work (insurance, codes, regulations, etc) but it can be done. It's costly, too... but if you have it in your heart to do it, I say do your research and make it happen.

I would add, though...that even though you don't want to be a floor nurse in a hospital, it will make your job a little harder. With an endeavor such as this, Med-Surg experience would be invaluable. In my opinion, you would really need that experience unless you are going to take more of the business aspect of the facility rather than caring for the patients. In that case you would just need nurses with experience.

Good luck w/ whatever you decide. :)

Up Vote Up Vote ×
I think anything is possible. I don't know the details, but my friend's brother did this. He purchased a large home and only has 8 patients. Mostly his elderly grandmother and aunts because it's a recent endeavor. I don't know him personally, but just the info I got from my friend is that it is a LOT of work (insurance, codes, regulations, etc) but it can be done. It's costly, too... but if you have it in your heart to do it, I say do your research and make it happen.

I would add, though...that even though you don't want to be a floor nurse in a hospital, it will make your job a little harder. With an endeavor such as this, Med-Surg experience would be invaluable. In my opinion, you would really need that experience unless you are going to take more of the business aspect of the facility rather than caring for the patients. In that case you would just need nurses with experience.

Good luck w/ whatever you decide. :)

Thank you onehappyRN. I know I have to pay my dues 1st. I just dont want to be on the floor forever thats all. And its funny you mentioned a house because I was just thinking about that!

Up Vote Up Vote ×
Specializes in Critical Care, Education.

I know a nurse who started her own Home Health agency. She identified a niche market - providing care for her own ethnic population that was very under-represented. Last I heard, her company was doing very well.

If you're interested in LTC, I would encourage you to obtain your Nursing Home Administrator license - requirements may vary, so check with your own state licensing requirements. This will be a requirement if you are going to accept Federal (Medicare/Medicaid) reimbursement. The course work will also help you learn about the 'business' of LTC - which will be essential if you want to be successful. It will also help you qualify for a Small Business loan for start-up expenses.

I always love to to see nurses moving into positions of leadership & influence - it benefits all of us. Best of luck!

Up Vote Up Vote ×
I know a nurse who started her own Home Health agency. She identified a niche market - providing care for her own ethnic population that was very under-represented. Last I heard, her company was doing very well.

If you're interested in LTC, I would encourage you to obtain your Nursing Home Administrator license - requirements may vary, so check with your own state licensing requirements. This will be a requirement if you are going to accept Federal (Medicare/Medicaid) reimbursement. The course work will also help you learn about the 'business' of LTC - which will be essential if you want to be successful. It will also help you qualify for a Small Business loan for start-up expenses.

I always love to to see nurses moving into positions of leadership & influence - it benefits all of us. Best of luck!

Wow! Awesome advice! Thank you so much!

Up Vote Up Vote ×
+ Add a Comment