Introduction
Running a private health care business can be extremely profitable and worthwhile. If you have a passion for helping people, and the skills to do so, you can get it up and running in no time. As you are dealing with people’s health, there are inevitable licences and requirements that come with this type of work. This helpful guide can get you acquainted with these requirements so you know exactly where to start, and how to keep your business running smoothly.
Choose Your Health Care
The first thing you should consider when opening a health care business from home is what kind of health care you will be providing. This will give you an indication of the licensing you will need. Some forms of health care are much more stringent with their regulations than others. You may already have a medical background and want to utilise your knowledge and training. Often GPs offer at-home consultations and referrals to specialists or hospitals. Specialists usually generate a much higher income, however this may require more equipment and space, depending on the practice. There are also alternative health care practices that do not require extensive training, such as ayurvedic medicine and homeopathy. Some businesses can operate primarily or completely online, such as online or over the phone counselling services.
Consider Appropriate Licences
Licences and requirements for private health care are outlined in the Private Health Facilities Act 2007 and the Private Health Facilities Regulation 2017. The regulations specify the maintenance of buildings, facilities and equipment, fire safety, waste management, patient control, regular audits, and more.
In NSW, To obtain a licence to open a private health business, you will need to provide appropriate documentation and fill out an application form. A fee will also be attached to this. You application will either be approved in principle or rejected by the Secretary, and it comes with several conditions that must be satisfied before you are issued with the license. There will also be inspections of your facility and consultations with local health councils.
If you are planning to prescribe or supply medication, there are separate requirements you will need to comply with, particularly if you will be storing or administering schedule 4 medicines. These requirements relate to both how particular medicines have to be stored, and who can administer them. If you do not intend to keep medication on the premises, you may want to partner up with a pharmacy or hospital, and perhaps implement an incentive plan.
You can also apply for a Medicare provider number and prescriber number. This will enable you and your patients to claim Medicare benefits. You can read through the requirements for each type of medical practitioner as well as apply for your Medicare provider number here.
Employment
Most medical practices require a receptionist or bookkeeper to keep your business running smoothly, especially if you are going to be the sole provider of the medical services. You may need someone to organise your appointments and answer phone calls or emails from prospective patients. If you are going to be hiring staff to help manage your business, you will need to also have an employee agreement.
Conclusion
Running a Health Care Business from home can be a rewarding business venture, however it comes with a range of stringent requirements. Due to the nature of the business, you should aim to have extensive liability insurance and make sure you are being compliant with all the relevant requirements. Further, speaking to a Business Lawyer could help you start your business ethically and efficiently.
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