• Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to secondary navigation
  • Skip to primary sidebar
  • Skip to footer

Before Header

Client Portal            |

Email: evan@evanhcpa.com

Evan Hutcheson CPA LLC logo

Nashville Cpa

  • Home
  • About
  • Services
    • Tax Preparation Services
    • Bookkeeping Services
    • Payroll Services
    • Virtual CPA Services
    • Escape the Rat Race with Confidence and your Business Intact
  • Testimonials
  • Contact Me
  • Blog
  • Tutorials
  • Home
  • About
  • Services
    • Tax Preparation Services
    • Bookkeeping Services
    • Payroll Services
    • Virtual CPA Services
    • Escape the Rat Race with Confidence and your Business Intact
  • Testimonials
  • Contact Me
  • Blog
  • Tutorials
  • Home
  • About
  • Services
  • Testimonials
  • Contact Me
  • Blog
  • Tutorials

Starting Nashville Small Healthcare Businesses with an Accounting Firm

January 27, 2020 //  by Contributor

Looking for small business ideas in Nashville? Explore your opportunities in the city’s healthcare industry. Generating an income of more than $92 billion and providing more than 570,000 jobs, Nashville’s healthcare industry greatly impacts the economy not only locally, but also globally.

Your Accounting Firm Can Help Your Small Healthcare Business Succeed

In an economy largely driven by healthcare, it makes perfect sense to find small business opportunities in this industry. Many have already found success, but there’s always room for more. The key is to identify the services or products that the industry currently needs. You then have to ensure you’re fully trained and equipped to offer those services or products, and work with the right resources, including an accounting firm who can provide you with the financial guidance you need throughout the various stages of your enterprise.

To start you off, look into opportunities at the following:

Tech solutions

Tech is currently booming in Nashville, and many successful tech startups serve the healthcare industry. This success hinged on identifying solutions to the changing needs of healthcare providers and clients in the city and beyond—solutions that might not have seemed obvious at first, but eventually proved quite indispensable.

Take a look at some of these brilliant ideas:

  • Machine learning technology that may be worn by field service personnel to facilitate data gathering and provide remote support
  • Cloud-based technology that makes it easier for hospitals to review and purchase medical equipment
  • Online healthcare recruitment
  • Care management software that facilitates workflow improvement, care coordination, and touching base with patients

As you can see from these varied solutions, the possibilities in healthcare information technology are endless. If you’re tech savvy, perhaps it’s time to dig into your own wellspring of ideas and start exploring the most promising ones.

Senior care

According to WorldPopulationReview.com, Nashville has an old age dependency ratio of 48.5%, and has a senior population of around 14.5%. A report says that Tennessee, in general, has an aging population, with the number of persons age 60 and above expected to increase by 30.5% between 2020 and 2040. The same report says most seniors prefer receiving home and community based services over being placed at nursing homes.

Given this, there will be greater need for senior care services in the city, particularly home care and personal care services. Several national or regional franchises allow entrepreneurs to establish their own senior care services without having to start from scratch. Many others, however, prefer to develop their own brand.

Drug treatment center

Addiction to drugs, both prescribed and illicit, has become a national crisis. It’s estimated that around 115 Americans die of opioid overdose every day. As a result, there’s a rising demand for drug treatment centers that can help addicts receive the right treatment and rehabilitation.

If you don’t have the medical background, you will need a medical director or consultant to develop your own program, as well as your center’s policy and procedures, which are essential in getting a license. You also need to put together a well-trained staff who will be playing an essential role in your operations.

These are just a few of the areas where you can engage in Nashville’s lucrative healthcare industry. Whatever business you decide to pursue, always consult with your accounting firm, not only for record keeping, but also for financial guidance throughout the lifespan of your business.

Sources:

Nashville: The Health Care Industry Capital, HealthcareCouncil.com
Where Are They Now? A Look at Nashville Startups Founded 2010 – 2015, Tennessean.com

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Tumblr (Opens in new window)

Related

Category: Accounting FirmTag: Nashville Accounting Firm

Previous Post: «Living the Life of Your Dreams Living the Life of Your Dreams – How to Get Out of the Rat Race
Next Post: Ask Your CPA About Forming a Corporation for Your New Business Should You Form a Corporation Get Advice from Your CPA About It»

Primary Sidebar

Article Categories

15 of the Most Overlooked Tax Deductions Click the button to get your free guide to commonly overlooked tax deductions.

QuickBooks ProAdvisor

QuickBooks Certified Pro Advisor

FUTRLI Certified Advisor

FUTRLI  Partners: Certified Advisor

Footer

Contact Information

Evan Hutcheson, CPA, LLC
1621 5th Ave N
Nashville, TN 37208
Phone: 615-727-2295
Fax: 615-581-7706
email: evan@evanhcpa.com
Hours: 8 a.m. to 6 p.m. Mon~Fri
URL of Map

Follow Me

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram
  • YouTube
  • Pinterest

Proud Member of:

Tennessee Society of CPAs
Construction Financial Management Association
Thriveal CPA Network

Location

Click to open a larger map

  • Home
  • About
  • Services
  • Testimonials
  • Contact Me
  • Blog
  • Tutorials

Privacy Policy · Disclaimer · Terms of Use · DMCA Notice
Copyright © 2023 · Evan Hutcheson, CPA, LLC

 

Loading Comments...