Business Ideas for Healthcare Professionals
Are you looking for small healthcare business ideas to invest in?
The healthcare delivery sector in many continents, Africa inclusive, is attracting considerable investment, both in human and material terms.
This is so because science and technology have vastly improved living conditions by way of improved medicines and the eradication of killer diseases.
Hence increasing numbers of people are living longer and healthier lives. This inadvertently means that there will be demand for more medicines, healthy meals, and lifestyle tips.
These demands have thrown up an abundance of business and franchise opportunities in the healthcare services and delivery sector, such that the savvy investor can get high returns on investment made.
Healthcare as a business is a broad one encompassing sub-sectors such as Primary healthcare, Secondary healthcare, and Tertiary healthcare. There are also lucrative franchises in healthcare to invest in.
Who Can Start a Healthcare Business?
To be frank with you, not everyone can start a healthcare business.
Before you can start some certain healthcare business, you will be needing certain knowledge and certification to be allowed by the authority to operate any business in the healthcare sector.
It should not come as a surprise because you will be dealing with people’s lives.
But, that should not be a problem as there are so many online and offline medical learning programs where you can gain require knowledge and be certified.
That being said, let us now look at the various healthcare business opportunities that you may be able to start whenever you are ready;
Here is a list of new medical business ideas for healthcare professionals:
List of the Best Business Opportunities in the Healthcare Industry
1. Health fairs
As more devices, improved technology, and healthcare apps are churned out daily.
There is a need to get the technological advances and innovations to the attention of hospitals, medical professionals, health insurance firms, and the government.
The would-be investor possessing organizing and people skills, then a fair could be started, in partnership with research institutes and universities, and the proceeds from such events shared on agreed terms.
2. Personal training services
If one has an energetic and athletic background and a love for keeping fit, then starting a personal training business could be a boon.
Especially if you aim for the upper echelon of society such as celebrities, the wealthy industrialists, and government officials; in helping them keep fit and providing tips and advice on lifestyle changes.
The would-be investor could also run a training school for personal trainers.
Improved earning power, better living conditions and access to better information mean that there is a demand for body healing and therapeutic services.
Once you have received the necessary training and certification, you could decide to set up a center, work in conjunction with other therapists or establish a massage academy.
This is one of the unique healthcare business opportunities in the UK related to food which makes money if one already has some training which includes a Bachelors’s degree and maybe some internship training.
If this is then combined with a flair, passion, and knowledge of food groups and nutrients that can keep individuals healthy and active, you could set up a lucrative venture providing this healthcare service.
4. Mobile Medical Screening and Testing
Having a flair for excellent logistics planning and execution, as well as having proper training in healthcare testing procedures, these new mobile business ideas in the healthcare industry can blossom, due to the demand for bespoke medical services such as instant medical results, eye or insulin shots among others.
5. Medical Equipment sales and lease
Government agencies, hospitals, and healthcare facilities are always on the lookout for good bargains for the purchase of medical equipment and tools.
A healthcare-related business that can serve as a bridge between manufacturers and end-users, in negotiating mutually acceptable terms of purchase, will attract more profits on investment if you market it well.
There are lots of marketing ideas for the healthcare business if you search online thoroughly.
As demand for hospital services continues to outpace the available supply, people are seeking alternative sources of meeting these needs. One such area is childbirth/delivery.
Increasing numbers of people are choosing to deliver their babies at home and in nursing homes; therefore midwives and birth attendants are in high demand.
Investors will either have to be certified professionals/caregivers, with relevant documentation or engage the services of trained staff.
7. Medical Waste Recycling
Hospital businesses, medical research centers, and healthcare facilities produce large amounts of medical and more often, hazardous waste.
There is a need for the prompt and safe disposal of these products.
With relevant training in healthcare safety management and possessing the right equipment for solid and liquid medical waste evacuation, the savvy investor could soon be servicing a large client base, while making a good profit.
However, the business will have to pass certain capability tests and obtain relevant documentation.
8. Egg Donor Agency/Sperm bank
The demand for more improved fertility treatment and means ensures that couples and families are willing and able to pay to conceive and bear children.
Sperm banks and egg donor centers are becoming the route of choice, for many.
Owning and running such a healthcare service facility will guarantee handsome returns on investment.
Having relevant training, regulatory authorization, as well as the ability to connect with clients, will prove essential to the success of this medicare business idea for professionals.
9. Medical Coding
This is one of the creative businesses in healthcare and is perfect for those who would like to work from the comfort of anywhere; especially their homes.
If you are handy with a computer and have a way with programming, then you could set up a medical coding venture that will assist hospitals and medical centers to encode documents of patient identities, medical history, and so on, especially for filing insurance claims.
10. Medical Tourism
The bid to seek better medical attention, especially for citizens in the developing world, is on the rise.
What medical tourism entails is connecting patients in need of general or specialized healthcare with healthcare specialists and centers, for a fee negotiated with either one or both parties.
What is required is a track record of performance and the clout/resources need to run this healthcare business idea.
11. Non-emergency medical transport services
This new healthcare business readily finds a market amongst the elderly, the disabled, and others who need to visit the hospital but need to use specialized transportation.
The savvy small business investor can invest in purchasing these kinds of transportation and offering these services at a fee.
Click here to get business plans for healthcare businesses.
This is simply a hospital for animals. It is also known as a pet hospital.
You need to be a certified veterinary doctor to be able to start a veterinary clinic. You are to care for sick, injured, and diseased animals.
With the increase in the ownership rate of pets in various parts of the world, you are certain to make fortune from this healthcare business opportunity with a good marketing strategy.
This is a healthcare business opportunity for those that have a love for children. The child care center is a pre-school that cater to children between the ages of 1 to 13 whether disabled or not.
All you will need to do is find an apartment in your neighborhood, get the business registered, and start promoting it. Parents are always looking for such a center to keep their children when they are away from work.
- Personal Wellness Coach
This is a 6 figure healthcare business opportunity for anyone willing to dive into it.
As a personal wellness coach, you are in charge of the health of your client. Though, you will need certification to be seen as a professional so you can win clients.
- Medical Waste Disposal
It is expected for healthcare professionals to always dispose of medical waste most professionally and efficiently so it doesn’t cause any hazard to the public and the environment due to the sensitive nature of their cause.
You can go into this business of helping hospitals and clinics properly dispose of their waste. The good thing is, there is a lot of hospital and clinics that you can pitch your services to and land a good contract.
- Skin Care Centers
The skin and grooming industry is one healthcare business opportunity that must not be overlooked. Skincare centers do everything that has to do with skin and skin-related cases.
By running a skin care center, you will be providing skincare services like facial treatment, laser skin treatment, and a lot more. If you are not a certified dermatologist, you can enroll in a course and get certified.
- Eye Clinic
This is one healthcare business opportunity that most entrepreneurs are not looking at.
Do you know how many people visit eye clinics every day? Do you know how many owners of eye clinics are raking in a huge amount of money monthly?
Starting an eye clinic center in your city or state will be a very great idea. With the increasing exposure to digital screens and air pollutants, the business will fetch optimum profit for any entrepreneur.
In the case of an emergency, the first place people run to when they are sick is a pharmacy store. This is because the bills are less expensive compared to a hospital.
A single pharmacy store centers in a community or street where pharmacy stores are scarce will surely get an inflow of new and recurring customers.
If you study your area and find out that pharmacy stores in your area are low or absent, and you are certified to operate a pharmacy store, then go ahead and open one, if not more.
So, if you are interested in starting a business in the healthcare industry, this list of healthcare business opportunities should get you started. Good luck!