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Acquisitions Anonymous - #1 for business buying, selling and operating
Roll up businesses? The crew has strong feelings about home healthcare - Acquisitions Anonymous 238
Oct 20, 2023
Bill and Heather discuss the challenges of running a senior home healthcare business in the Bay Area, including scaling difficulties and billing complexities. They emphasize the importance of market analysis and choosing the right market for business growth. The conversation also touches upon the ethics of insurance billing for caregiving services and the impact of an aging population. They highlight the significance of accurate billing to avoid payment denial and network expulsion in the home healthcare industry. The idea of starting a staffing agency for home healthcare is also explored, along with the benefits of acting as an intermediary between caregivers and government programs.
31:58
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Quick takeaways
- Scaling a home healthcare business is challenging due to staffing issues and operational complexities.
- Understanding billing and compliance is crucial in the home healthcare industry to avoid financial and regulatory consequences.
Deep dives
The Economics of Service Businesses vs. Goods Businesses
In this podcast episode, the hosts discuss the economics of service businesses in comparison to goods businesses. They highlight the advantages and challenges of running a home healthcare business, which falls under the service category. They note that service businesses, unlike goods businesses, do not require significant capital expenditures or inventory. However, they emphasize the operational complexity of scaling service businesses due to the reliance on people and the need for efficient staffing. Additionally, they mention the fragmentation of the home healthcare industry and the potential for consolidation through roll-ups.
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