Hospice Franchise FAQ
By visiting this website, you'll gather a lot of information about Interim HealthCare franchising and the tremendous market potential for the Interim HealthCare Hospice franchise. Of course prospective franchisees can always call our Franchise Development Department directly at (800) 840-6568.
An investment in an Interim HealthCare Hospice includes the franchise fee of $60,000 and the start- up costs are approximately $80,250 to $116,500. You need working capital of approximately $297.000 to $348,500 so your total investment for an Interim HealthCare Hospice franchise is between $389,250 and $477,000.
An investment in an Interim HealthCare Hospice franchise allows you to operate a licensed/certified hospice business which provides terminal care and support services directly to eligible patients and their families in their place of residence, utilizing primarily licensed personnel such as physicians, registered nurses, licensed practical nurses and medical social workers; and unlicensed personnel such as bereavement and spiritual care counselors, volunteer coordinators, aides and companions. The franchisee may also provide pharmaceuticals and healthcare related home medical equipment, products and supplies to individuals to whom it is providing hospice services. In many instances, Interim Healthcare Hospice franchisees must obtain one or more licenses from the state(s) in which they operate in order to provide some or all of the hospice services authorized by the Franchise Agreement.
Need financing assistance? We can help! We have relationships with third-party sources who can step in with many available options, whatever your current financial situation. Please contact us for guidance if you’d like to discuss financing options for your fees, startup costs, equipment, and more.
Yes. You will be awarded an exclusive Interim HealthCare franchise territory under the terms of your agreement. We will provide more detail about the territory and the market for hospice services as you move through the franchise discovery process.
Yes, Interim HealthCare has one of the best training systems in the industry. We believe that training is a very important factor in the success of operating a hospice franchise. Not only do we offer one of the most comprehensive franchise training programs at our National Headquarters and on-site at the new franchise location, we also have more than 100 free online continuing education and in-service programs for nurses, aides and other healthcare professionals. And, all of our training is developed by experts with decades of experience in all aspects of the hospice business.
You will be assigned to our New Franchisee Team that is made up of Interim HealthCare franchise professionals who have decades of experience in hospice operations and sales. They will guide you in how to set up your hospice business, open it and make sure you understand how to achieve targeted hospice sales and operational benchmarks that are part of the Interim HealthCare franchise system. In addition, Interim HealthCare has one of the most comprehensive proprietary intranet systems that provides franchisees with 24-7 access to sales, marketing and operational resources that are continually updated.
As an Interim HealthCare franchisee, your earnings capability will depend on various factors - primarily the amount of time and energy you spend in your business, and federal and state regulations affecting the industry. Naturally, as in any business venture, there is no guarantee of your success or earnings capability. We do, however, give you the benefit of our franchise systems, national network, innovation and expertise provided by the Interim HealthCare franchise support team at the National Headquarters.
Absolutely! Utilization of hospice care is increasing as patient preference shifts to receiving end-of-life care in non-acute settings. The aging U.S. population will continue to drive growth in hospice utilization. Seniors over the age of 65 represent 83% of hospice patients. The nation's population continues to age. In 1994, approximately one in eight Americans was age 65 and older. By 2030, one in five Americans will be a senior citizen. From 1960 to 1994, the "oldest" population (persons aged 85 and over) increased by 274% compared with 100% for those 65 and over.
Definitely. Today, franchising occurs in a multitude of industries. Its benefits have been proven over many years and Interim HealthCare was actually the very first healthcare franchise company. A successful healthcare franchise requires operating systems and processes that take years to develop. We have spent over 50 years understanding the complexities of the business and developing franchise systems and support in the areas of franchise operations, marketing, sales, finance, training and human resources. Interim HealthCare has the most extensive knowledge and the ability to navigate through state or federal government regulations related to hospice. Translating that information to our franchisees is one of the most important benefits our franchisees receive and is a vital component of operating a successful hospice company.
Yes. You can sell your Interim HealthCare franchise to a buyer approved by Interim HealthCare Inc.
No. Our franchisees come from diverse backgrounds. Some are medical professionals but others have backgrounds in business, law, education or other professions. If you have a strong desire to become your own boss, operate your own business, and have the ability to select and manage professional personnel, you have a strong foundation. Our franchise system includes hospice business consultants and access to our clinical team at the Interim HealthCare National Headquarters. This will be reviewed with you as part of the Interim HealthCare Hospice franchise offering.
Interim HealthCare currently offers three national meetings where franchisees can participate in networking, business skill building and industry updates. These national meetings are extremely valuable and very well attended by franchisees.