Scalable Revenue Streams
As with any business, it’s important not to rely on one source of revenue when developing a business plan. As a Nurse Next Door franchise partner, your earning potential will be fully supported by a proven business model composed of multiple revenue streams.
A common misconception is that home care is dependent on ‘private pay’ clients given the nature of the service, however, eligible clients can have access to a range of financial assistance options to help pay for their care. Having access to multiple revenue streams like programs such as Veterans Affairs and insurance benefits provides franchise partners with growth opportunities across multiple touchpoints rather than relying solely on one.
Revenue streams can include:
Private Pay is where clients or their families cover the cost of home care services with personal funds.
Programs such as Veterans Aid is available to help clients pay for care if they or their spouse have served in the military.
Nurse Next Door works with national and local insurance companies to cover the cost of care for insured clients.
Long-term insurance benefits usually pays for in-home care to assist clients with “activities of daily living”