Start Your Own Healthcare Business
Do you want to start a senior care home but don't have the sufficient funds to invest in a multi-million dollar venture?
Lindsay Mclaughlin introduces the concept of residential assisted living homes and explains why they can be a good option for those who want a more personalized and hands-on experience in the senior care industry.
Lindsay Mclaughlin is an expert multitasker! Managing to juggle running a successful full-time venture, teaching others to do the same, and being a working mom, she wears many hats.
Her high-poweredness can be seen in the fact that she recorded this episode with us only a few days after the birth of her new baby!
Despite going into nursing school, Lindsay knew for a long time that she wanted to be self employed before her thirties.
Developing and running residential assisted living homes allows her to combine her background and skill-set with her long-time ambitions of entrepreneurship.
But what are residential assisted living homes and how do they differ from traditional, larger assisted living facilities?
Lindsay states that even though she prefers to build most of her homes from the ground up, the buildings themselves look and feel like cozy residential homes.
Instead of hundreds of residents, most residential assisted living homes usually only have 8-10 beds, and no more than two-dozen.
Rather than a host of amenities, clubs, and excursions to fill residents’ schedules, the homes offer a cozy, close environment where residents can gather in the common area, get to know each other, and feel like they are living in a real house with a found family.
Though they can’t provide care to higher acuity patients, such as those who need feeding tubes, residential assisted living homes can take on most patients and provide them with more focused and hands-on care.
Lindsay says that the set up of these homes is also very encouraging to the families who may be nervous and reluctant to send their loved one to a large, traditional facility.
The smaller setup allows for a more direct line of communication that families can use to receive more personal news and updates. They are also more inclined to feel better about sending their loved one to somewhere that feels like a home.
To sum it all up, Lindsay states that anyone looking to get into this sector of the senior care industry has to know what they want realistically before entering the business.
The job can be hands-on and emotionally taxing, but it also allows an owner to build a space from the ground up, set their own culture, and run their own show, even if they do not have a large budget going into it.
For those interested in this growing field, Lindsay is holding a 2023 flagship event where she gives attendees hands-on experience in running a residential assisted living home.
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RELATED EPISODES
- Ep. 79: Buying Your First Nursing Home
- Ep. 60: The Best Healthcare Happens At Home
- Ep. 54: What Is The Green House Model?
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