@@assistedlivinginvesting no problem I’m trying to get started up here in Ohio and don’t have a lot of people I can turn to with the same mindset so it’s great when people are on UA-cam giving real good advice and not just talking you in circles and are dropping really good advice , happy to have ran across your channel ! 😊
am in california submitted my application waiting for the certification, but thank u that was so encouraging. i just quid my bedside job for RCFE, am hoping that i can do this and grow. thanks.🙏
Thanks! I just did a live on this topic today! I think one of you best ways to do this is network marketing with social workers, case managers, and hospitals. Go watch that and let me know if you need more clarification!
Each state is different. In Colorado it's done through the state (I can't remember the name of the system). In Idaho we bill three different vendors (Molina, Blue Cross of Idaho, and the state). We bill them electronically through their individual portals.
I'm not as familiar with the rules of home health as I am with assisted living, but I believe you can. You would still need to get certified as a Medicaid provider and then you would bill for each approved service you provide. I'm sure there are some complexities to it that I'm not aware of (in assisted living it's pretty straightforward, there's just one code to bill, but in home health it would likely be multiple codes). Hope that helps!
@@assistedlivinginvesting how much do you estimate to open an assisted living facility? Can I apply for Medicaid certification before opening a facility? Tks
The amount to open an assisted living largely depends on the price of the real estate. Typically, as a down payment you're probably looking at 15-20%. If you have the house and you want to do a conversion it's likely going to be less, but you'll still want money in the bank for upfront expenses. I would think, for most people, starting a smaller home, is typically between $60K-$200K. You can apply for Medicaid in conjunction with getting your facility license, but you can't get the certification until you have the license because the license number is one of the questions you have to answer on the Medicaid certification application.
Thanks for being willing to work with the government to help out the disabled by accepting Medicaid and Social Security . That is a good use of my tax money ( and Donald Trump's) ! The only part I question is aiming for semi=private rooms. Potential for conflicts, snoring, and of course GERMS!
Great question! One of the best things is to treat them like real people and create an atmosphere they (and their family) will enjoy. Just because they're a Medicaid resident doesn't mean you would treat them any less than a private pay resident. Plan fun activities, make sure you have loving/caring staff that care for them, and make sure their needs are met. If you do those things you'll have happy residents that stay with you long-term.
One of my relatives has been in residential care and it was discouraging to see how little effort was made to make the client happy. It could be similar things like asking the clients what that want for dinner ( food is a huge pleasure for all of us, especially people who do not have other source of joy) and inexpensive joys like visits to the park or free festivals. Or playing board games.
absolutely love your videos, thank you for sharing.
Thanks for the kind words!
@@assistedlivinginvesting no problem I’m trying to get started up here in Ohio and don’t have a lot of people I can turn to with the same mindset so it’s great when people are on UA-cam giving real good advice and not just talking you in circles and are dropping really good advice , happy to have ran across your channel ! 😊
am in california submitted my application waiting for the certification, but thank u that was so encouraging. i just quid my bedside job for RCFE, am hoping that i can do this and grow.
thanks.🙏
That's awesome! Congrats on the progress! I'm excited to hear how your application goes, reach out if you run into any roadblocks.
You got this!
That's awesome, congrats. I am an Investor located in CA. I'd love to connect.
@sarahoutta5743 looking into this for CA as well. Do you know what the maximum budget is for Medical residents?
Hello and Thank you, Lux care homes of America, South Florida here.
Thanks for being here!
california here, love to learn
Thanks for sharing 👍
No problem 👍
Thanks Brandon for the amazing encouragement video. Do you know how to get Medicaid clients or where to post available beds?
Thanks!
I just did a live on this topic today! I think one of you best ways to do this is network marketing with social workers, case managers, and hospitals. Go watch that and let me know if you need more clarification!
Thank you for sharing!
Happy to help!
What is the name of the system that you use to bill Medicaid? Do you do manually or electronically? Thanks
Each state is different.
In Colorado it's done through the state (I can't remember the name of the system).
In Idaho we bill three different vendors (Molina, Blue Cross of Idaho, and the state).
We bill them electronically through their individual portals.
My wife and I are considering opening a home care agency, where we send caregivers to the elderly people home.
Can medicade be used?
Tks
I'm not as familiar with the rules of home health as I am with assisted living, but I believe you can. You would still need to get certified as a Medicaid provider and then you would bill for each approved service you provide.
I'm sure there are some complexities to it that I'm not aware of (in assisted living it's pretty straightforward, there's just one code to bill, but in home health it would likely be multiple codes).
Hope that helps!
@@assistedlivinginvesting how much do you estimate to open an assisted living facility? Can I apply for Medicaid certification before opening a facility? Tks
The amount to open an assisted living largely depends on the price of the real estate. Typically, as a down payment you're probably looking at 15-20%.
If you have the house and you want to do a conversion it's likely going to be less, but you'll still want money in the bank for upfront expenses. I would think, for most people, starting a smaller home, is typically between $60K-$200K.
You can apply for Medicaid in conjunction with getting your facility license, but you can't get the certification until you have the license because the license number is one of the questions you have to answer on the Medicaid certification application.
Please provide info on getting approved by Medicaid
Thanks for the feedback, I'll add that to the list
👍
Thanks!
Gr8t information!
Thanks, glad you found it helpful!
Thanks for being willing to work with the government to help out the disabled by accepting Medicaid and Social Security . That is a good use of my tax money ( and Donald Trump's) ! The only part I question is aiming for semi=private rooms. Potential for conflicts, snoring, and of course GERMS!
You bring up a good point.
We do our best to keep things clean and give them the privacy they need as well. It ends up working out well.
How do you keep your residents happy? You know so they'd want to stay forever?
Great question!
One of the best things is to treat them like real people and create an atmosphere they (and their family) will enjoy. Just because they're a Medicaid resident doesn't mean you would treat them any less than a private pay resident. Plan fun activities, make sure you have loving/caring staff that care for them, and make sure their needs are met. If you do those things you'll have happy residents that stay with you long-term.
One of my relatives has been in residential care and it was discouraging to see how little effort was made to make the client happy. It could be similar things like asking the clients what that want for dinner ( food is a huge pleasure for all of us, especially people who do not have other source of joy) and inexpensive joys like visits to the park or free festivals. Or playing board games.
what about VA clients? how do we get these clients and have medicaid pay for them
Great question!
A good place to start there is partnering and talking to VA clinics and rehab centers.