How to Start a Traveling Nursing Business
Traveling nurses treat patients in the patients' own homes. They allow the ill and infirm the ability to remain in the comfort of familiar surroundings and often are far less expensive than assisted living or skilled care facilities. As the largest segment of America's population continues to age, traveling nurses will be in larger demand. With careful planning and creativity, now is the perfect time to begin a traveling nursing business.
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Things You'll Need
- Business plan
- Attorney
- Articles of incorporation
- Local and state licenses
- Federal EIN
- Business insurance policies
- Building or lease for a building
- Start-up capital
- Business checking account
- Medical supplies
- Office supplies
- Signs
- Business cards
- Brochures
Instructions
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Get some basic training by taking some business courses. It is also a good idea to work for a traveling nursing business, if possible, for at least a short period of time to become familiar with the industry.
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Formulate a business plan.
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Contact an attorney to discuss the most beneficial corporate structure. Typically, this will be a corporation, but the attorney can advise based on the exact circumstances.
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Decide if you will be the only employee as a one-person service or if you will hire other employees. In the case of the latter, make a decision concerning how many employees you will hire and draft potential first-year salaries. If you will hire employees, begin searching for them. Conduct interviews and hire.
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Decide where you will locate your business based on whether you will hire employees. Obtain lease or sales information as applicable.
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Research the necessary zoning, local and state-level licenses and obtain them. Apply for a federal EIN online.
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Meet with a commercial insurance agent to obtain the necessary protection for the business. If you will also operate as the sole nurse for the business, be sure to obtain disability insurance as well as the standard business insurances.
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Use the business plan to decide if there is enough capital on hand to start the business. If not, consult with banks and search for government grants.
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Buy the items necessary for day-to-day operations, such as medical supplies and office supplies. Design signs, business cards, handbills and a website.
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Consider throwing an event to announce your opening. Advertise through traditional and online media.
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