Starting a business is a challenging experience for many entrepreneurs because of the risks involved in such an endeavor. For example, some barriers become visible once operations begin. They include unforeseen government regulations and product launches by your competitors. Consequently, investing in stable markets such as the healthcare industry is the safest route for business-minded people. Here are 5 healthcare business ideas for aspiring entrepreneurs.

  1. Drug Rehabilitation Center

The number of drug addicts in England and Wales stood at 2.7 million people in 2014. Only 308,118 of them received support from the government. Sadly, there was a drop in the number of people who received assistance from the government. More specifically, it was a 10% drop from 2013 to 2017. These statistics suggest that the need for rehabilitation services in the UK is dire. Fill this gap by starting a rehab facility today. Begin by recruiting members of staff including a medical director, clerical officers, janitors, caseworkers, and administrators among others.

  1. Medical Billing Services

Medical billing refers to a service where a health care provider submits a claim with an insurance firm. Then the provider follows up this claim so that he can receive payment for services rendered. These services include diagnosing a medical problem and treating it. Medical billing is a highly confidential undertaking because billers have access to a patient’s details including the treatments they received. Consequently, the government places onerous restrictions on the recording, transfer, and storage of this information. Familiarize yourself with these restrictions.

  1. Nutritionist Services

In 2014, over 62% of the adults in England were either overweight or obese. That is an increase of nearly 10% from what it was 20 years ago. Other diet-related diseases include high blood pressure, cancer, osteoporosis, and Type 2 Diabetes. Nutritionists can help the people who have these diseases. For example, they can train them in proper eating habits. This training includes writing books on nutrition or starting online classes on it. You can sell the books and charge for the classes.

  1. Occupational Therapy Center

Business plan consultants will tell you that starting an occupational therapy center is an excellent idea. Remember, therapists in this industry help people with physical, cognitive, or sensory disability. That means your therapeutic center will cater to a diverse group of people belonging to various ages and backgrounds. This diversity ensures that you have a consistent number of customers. Starting this business takes some time because it is a sensitive undertaking requiring highly qualified staff, equipment, and managerial skills. For example, registration with the Health and Care Professions Council (HCPC) is mandatory for practitioners in this industry. However, these hassles are worthwhile because an occupational therapy business is highly profitable.

  1. Medical Transcription

Voice-recorded reports are necessary in the medical world because of specific constraints. For example, surgeons heading for the theatre hardly have time for documenting events on paper. Physicians and nurses also use voice-recordings as they teach students in lecture theaters. Regrettably, voice-recordings have severe limitations. For example, going through them requires continuous rewinding. Consequently, the need for transcribers is always there. Start a transcription service that will convert voice-recordings into written documents.

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