If you’re interested in the healthcare industry, there are many opportunities to start your own business. Some healthcare businesses require medical degrees, others need more specialized training and some require certification.
Healthcare is all about producing medical services, products and equipment to protect, extend and increase the quality of human life. For all entrepreneurs who have the necessary training, experience and aptitude, here are some business ideas if you don’t know where to start.
- Medical Waste Recycling
Plenty of waste is created in the health care industry, ranging from biodegradable waste like human tissue to non-biodegradable waste such as syringes and plastic. Some of the waste can be recycled into a reusable product or raw materials.
When starting a medical waste recycling business, you must carry out feasibility studies because there are many factors to take into account, including regulations, competitors and required training.
- Medical Transcription Services
Healthcare practitioners of all kinds need their voice recordings transcribed into writing for patients’ records. Speech recognition technology is available but it hasn’t yet replaced the need for human medical transcription services and in the medical world, accuracy is of vital importance. This is the type of business you can run from your home as it is now possible to share all files digitally.
- Sleep laboratory
The Cleveland Clinic states that 70 million Americans suffer from sleep disorders, including insomnia, restless legs syndrome, sleep apnea and narcolepsy. You could start a profitable business performing sleep tests in a laboratory where you could diagnose and treat patients dealing with a variety of sleep problems.
- Supplement manufacturer
As a supplement manufacturer, there are also many government regulations you need to comply with. However, creating and sell your own line of nutritional supplements in store or online can be very profitable.
It is important to work with one of the best fulfillment services for your business if you don’t want to disappoint your clients. For example, fulfillment options include companies that specialize in shipping large parcels that weigh over 10 pounds. This dictates everything from the strength of the packing boxes to the width of warehouse aisles.
- Business that cares for the elderly
An increasing elderly population means there is a great demand for nurses and medical caregivers to nurse and assist the elderly. Caregivers provide assistance to the elderly in implementing their daily activities, such as bathing and eating.
In states with rapidly aging populations, such as California and Florida, this could be of great benefit to the community and a strong business proposition for you.
- Diabetic Care Center
According to the CDC, more than a hundred million Americans have diabetes or are prediabetic. You could open a diabetic care center to provide nutrition counseling, support groups for diabetics and more.
- Drug Rehabilitation Center
Drug use has become a national crisis in the U.S. The National Institute on Drug Abuse states that every day, more than 120 people in the U.S. die from opioid overdoses.
Rehabilitation centers where people can overcome their addictions and get their lives back are more necessary than ever. You could open a treatment center and specialize with different types of patients, such as juveniles.
- Childbirth Services
Many expectant mothers today want to have a midwife present at the birth and the American College of Nurse-Midwives says that midwife use is increasing. A midwife is a trained healthcare provider who assists a woman at childbirth.
Other women want to use a doula who is more like a pregnancy coach, assisting with all aspects of arranging for the birth and caring for the newborn. You can become certified yourself or start a business where you employ others under your umbrella.