HCCIntelligence™ Webinar Recording: Entrepreneurship: I Want To Start A House Call Program

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The webinar "Entrepreneurship: I Want to Start a House Call Program," presented on November 20, 2019, by Sandra Berkowitz, RN, JD, and Lynn Rapsilber, DNP, APRN, addressed the essentials of starting a house call healthcare service. The format included a 30-minute slide presentation followed by a Q&A session.<br /><br />Key Points:<br />1. **Motivation and Rewards**: Starting a house call program offers advantages such as scheduling flexibility, innovative practice models, and impactful community service. However, it demands significant commitment and readiness.<br /><br />2. **Readiness Assessment**: Prospective entrepreneurs need to reflect on factors such as the specific type of business, the problem it solves, sustainability, experience in the field, financial goals, and readiness to balance personal and business life.<br /><br />3. **Value Proposition**: Developing a clear value proposition is crucial. This involves identifying a solvable problem, ensuring market demand, and setting your business apart from competitors by emphasizing benefits over attributes.<br /><br />4. **Validation**: The business idea must be validated through research on industry, market, customer needs, and competition. Financial feasibility and start-up cost analysis are critical for informed decision-making and risk evaluation.<br /><br />5. **Common Pitfalls**: To avoid failures, precise cost estimation, realistic resource allocation, and understanding the financial timeline are vital. The importance of robust planning and readiness to handle setbacks and challenges in the initial years is emphasized.<br /><br />6. **Practical Steps and Legal Considerations**: Establishing a business involves selecting a suitable name and legal entity, obtaining necessary licenses, ensuring proper branding, and securing appropriate business insurance.<br /><br />7. **Financial Management**: Entrepreneurs should be prepared for initial financial constraints and the slow inflow of revenue. Key financial strategies include securing small business loans, equipment leases, and maintaining an efficient billing and revenue cycle management system.<br /><br />8. **Continued Education and Support**: The speakers highlighted available resources for ongoing support, including business advisor services, workshops, and consulting offered by organizations like the Home Centered Care Institute (HCCI) and Small Business Development Centers (SBDCs).<br /><br />The session concluded with an invitation to utilize available resources and attend upcoming workshops and webinars for further guidance and education on starting and managing a house call healthcare practice.

Keywords

entrepreneurship

house call program

healthcare service

readiness assessment

value proposition

business validation

financial management

legal considerations

support resources

webinar