Medicaid Certified Nurse Registry in N Central FL

Financial & Assets Details

About the Business

Business Description

The Company has been referring quality nursing care for the permanently disabled population since 2012. It specifically focuses on referring qualified caregivers to provide in-home healthcare services for the Quadriplegic community as well as those who have suffered from a catastrophic event resulting in head trauma or spinal cord injury. It services the Villages community among others. The Company was founded on the principles of compassion and quality care, to fill the need for in-home care for the elderly in the community.

Today, the Company is achieving around 4MM revenue and employing 75 to 100 healthcare professionals and is highly appreciated by the local community in Florida. The focus of the Company is on in-home care for the geriatric population, but also caters to a variety of age groups. Individualized services are provided in the comfort of a client’s home or on-site in locations such as hospitals, nursing homes, or assisted living facilities. Experienced RNs, LPNs, CNAs and HHAs are available to provide quality care at the home. The services are mostly non-skilled; however, private duty nursing is also provided.

The Company is committed to providing the best quality in-home healthcare. They have a philosophy for hiring and placing personnel that is consistent with their clients' needs. The Company has a long track record of success and a well-established reputation in AHCA licensed region 3 in the state of Florida which includes 16 counties: Alachua, Bradford, Citrus, Columbia, Dixie, Gilchrist, Hamilton, Hernando, Lafayette, Lake, Levy, Marion, Putnam, Sumter, Suwannee, and Union.

With new leadership, the Company is ready to continue growing and expanding its services and geographical areas.

Key highlights

• A diverse payor base with a wide range of Payors that accept most insurances. That provides the ability to select patients according to the best paying insurance providers. Examples of Payors: United Health and Florida Community Care, LTC Insurance, Bankers Life insurance, and the rest Private Pay).
• The Company currently provides services for 73 Medicaid recipients, with 43 of those recipients being United Healthcare members. Its strongest and healthiest relationship within the LTC managed care companies is with United Healthcare. This relationship with the care managers and the provider relations specialists has been developed over many years.
• The Company employs 7 office staff and 75-100 independent contractors who are managed as employees by a partner company.
• By prioritizing the recruitment of top-tier nurses and caregivers, the Company has built a highly skilled and profitable workforce. With a recruitment strategy that prioritizes attracting the best nurses and caregivers, using a multi-pronged approach to hiring that includes recruiting sites, online advertising, and word-of-mouth referrals.
• This patient referral network is unparalleled and sourced from doctors, social workers, healthcare facilities, and hospitals, with word of mouth, insurance companies, and facilities bringing in most of the new patients.

Differentiation
The Company exhibits several key strengths including its experienced RNs, LPNs, CNAs and HHAs and manageable patient population. These strengths should continue to serve the Company well as they maintain revenue and focus on quality. One of the Company’s greatest risks is a recurring theme in the home health industry – the ability to continue to hire and recruit registered nurses. The home health industry has high turnover, which impacts on the Company – especially at the entry level. The Company mitigates this risk by offering employee benefits including medical insurance, retirement plans, and competitive wages. (offered by a partner company).

Growth & Expansion

The Home Health industry has exploded with the aging population. Today, with 10,000 Americans turning 65 every day, the demand for senior care is ever increasing. The US senior population currently sits at approximately 50 million and by 2030, it is expected to swell to 81 million (Source: US Census Bureau). An estimated 70 percent of people over 65 will require Home Health services at some point in their lives.

Market Competition:

Excellent Positioning
The service market includes a number of large hospitals, senior centers, assisted living communities, nursing homes, memory care and skilled nursing facilities. Seniors who are 65 years and older comprise the primary market for the Company.

Support & Training

will assist during a transitional period.

Reason for Selling:

Personal