Starting a Nursing Agency

trnurse · Jan 02, 2009, 05:38 AM

Re: Starting a Nursing Agency

it definitely did help eddie. i did a google search also and ran across a couple sites selling start-up books, don't know if they're legit though. anyone mind telling me which ones are legit and actually helpful with running an agency..

http://www.nursingagencybook.com/

www.125aday.com/books/284/start-nursing-agency.cfm

http://www.nursingagencybusiness.com/

http://www.nursingagencysuccess.com/

http://www.independentrncontractor.com/

http://www.nurseagencystartup.org/

and then there was this blog that was also had a book attached to it.. http://healthcarestaffingagency.blogspot.com/

found a couple other ones too but these are the ones that popped up the most and seemed 'popular' . let me know what you think

oh and btw if you happen to come across any more sites with some more insight keep me posted.

thanks again guys, talk soon.

Future-Male-RN · Jan 02, 2009, 03:02 PM

Re: Starting a Nursing Agency

Trnurse,

Well I am glad it was helpful for you

When I talked to Mrs. Bemis, she said that 99% of the books on the Google Market are not good, they give false, old and sometimes illegal info. Deff do your research, but I would stick to the links I posted for some real help. You can call Mrs. Bemis, she will answer your questions.

Good luck!!!

Eddie

Future-Male-RN · Jan 05, 2009, 09:33 PM

Re: Starting a Nursing Agency

Hey Phat,

If you don't mind me asking you a question, I would appreciate it.

I was wondering if you had any issues with your payroll when starting up, and if so, did you use a payroll service? From everything I have been reading, it seems this will be my biggest issue since you were saying that hospitals pay on a 120 instead of a Net30. The reason I am so concerned is because my credit is in shambles from a failed business in 97. Right now my beacon score is 530-/+ but more on the -

Eddie

RNentrepreneur · Jan 05, 2009, 11:32 PM

Re: Starting a Nursing Agency

I think you may actually be wondering about a factoring service. A payroll service determines how much tax you need to withhold from paychecks and files your monthly, quarterly and yearly tax submissions. A payroll company sends your taxes to your state and federal government for you. They focus on the payroll and withholding tax part of your business so you can focus on the business of your business.

A factoring company is a company that provides your business money for your receivables so that you have cash available to pay your employees. You may want to look into both a payroll company and a factoring company if you will need cash sooner rather than later.

LeaRae

Future-Male-RN · Jan 06, 2009, 12:03 AM

Re: Starting a Nursing Agency

Originally Posted by RNentrepreneur

I think you may actually be wondering about a factoring service. A payroll service determines how much tax you need to withhold from paychecks and files your monthly, quarterly and yearly tax submissions. A payroll company sends your taxes to your state and federal government for you. They focus on the payroll and withholding tax part of your business so you can focus on the business of your business.

A factoring company is a company that provides your business money for your receivables so that you have cash available to pay your employees. You may want to look into both a payroll company and a factoring company if you will need cash sooner rather than later.

LeaRae

Ahhh, yes that is what I mean

Thank you!

Eddie

trnurse · Jan 06, 2009, 07:54 PM

Re: Starting a Nursing Agency

Hey Eddie, just out of of curiousity where are you located out of??

Future-Male-RN · Jan 06, 2009, 08:54 PM

Re: Starting a Nursing Agency

Originally Posted by trnurse

Hey Eddie, just out of of curiousity where are you located out of??

I am located in Jacksonville Fl

Eddie

Tchelo15 · Jan 08, 2009, 02:22 PM

Re: Starting a Nursing Agency

I am also thinking about starting a home health agency (Medical & Non-Medical). My partner and I are doing the feasibility study and are wondering if someone could help answer the following question.
First, our background -- I work as a Senior Lead Database Analyst for HMO Healthcare insurance in FL with a strong background in CMS (Centers of Medicare & Medicaid services) data analysis including PartA and PartD claims processing, providers and delegates (SNF, HHA, etc..) capitation, HIPAA guidance, CPT and Diagnosis code, COBs and etc. I also have a strong background in IT (network, application configuration and programming). My partner works as a Marketing specialist for an Online Health Product business and has a strong knowledge in developing marketing strategies (Online and traditional marketing) for businesses. My girlfriend who is thinking about helping us, is a certified RN with 4-5 years of experience working in a Hospital (594 beds) and was awarded Nurse of the year for 3 consecutive years. My initial investment is $55k and could potentially be increased up to $70k-$80K if necessary. We will hire a lawyer to review our contracts and an accountant to assess the capital and operational budgets.
To start, we are planning on hiring a full time sale associate and 1 LPN. While my partner will be working on promoting the business, my girlfriend will manage the operations. I myself will keep on working to support the business financial need until we generate a steady cash flow.
My questions are:
1- Is this business over saturated? There is a total of 2300 HHA in Florida with a high concentration in Dade County and more licenses on hold. Market research shows that there is 1 HHA for every 505 patients in 2007. Our areas of service will be Dade, Broward and West Palm.
2- Is it easy to get a state and Medicare licenses?
3- Do we need a DON and an administrator or can one person fills these 2 positions?
4- Should we start first with the state license and then apply for Medicare license? If yes, what are the impacts? Would we lose deals to competition?
5- Do we have enough start up cash to get approved by the state?
6- For those of you who have done it, how did you get your first contract?
7- Is a sale rep necessary to start up?

Please any suggestion and advice will be appreciated…

Future-Male-RN · Jan 15, 2009, 08:07 PM

Re: Starting a Nursing Agency

BUMP for more good info!!!

Eddie

trnurse · Jan 19, 2009, 10:27 PM

Re: Starting a Nursing Agency

tchelo those stats don't sound right. where did you obtain them from? you should check with the florida.gov website

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Starting a Nursing Agency

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