What to Look for When Buying a Home Health Care Agency: A Complete Guide for Medical Professionals
- Christian Soriaga, CPA
- Jul 3
- 2 min read
At Soriaga & Associates, LLC, we are accountants who specialize in serving home health agencies, hospice providers, home care businesses, and wound care practices. We help medical professionals like you with financial guidance, compliance, and business consulting tailored specifically to the healthcare industry.
1. Ensure Proper Licensing and Medicare/Medicaid Certification
Before purchasing, confirm the agency has:
State-issued home health care licenses
Medicare and Medicaid certifications
Accreditations (ACHC, CHAP)
Compliance is key for ongoing operations. We help review these requirements to ensure you're starting on the right foot.
2. Evaluate the Agency’s Financial Health
A deep dive into the financials is crucial. Review:
Tax returns (minimum 3 years)
Profit & Loss statements
Balance sheets
Accounts receivable
Payroll records
We specialize in helping healthcare professionals assess these financials to avoid costly surprises.
3. Analyze Client Base and Referral Sources
Ask the right questions:
How many active patients?
Are referrals diversified?
Does the agency serve hospice, home care, wound care, or specialty populations?
We help you evaluate referral pipelines to ensure revenue stability.
4. Assess Staff and Compliance
A strong team is vital. Review:
Employee licenses and turnover
Staff training
Medicare billing, OASIS documentation compliance
We guide you through identifying staffing risks and compliance gaps.
5. Review Technology, EMR, and Billing Systems
Modern systems reduce errors and boost efficiency. Outdated tech can hurt operations and finances. We advise on best practices.
6. Check Reputation and Online Presence
Look for:
Online reviews
CMS Star Ratings
Community engagement
A good reputation fuels growth. We help position your agency for success.
7. Conduct Legal and Contract Review
Have professionals review:
Contracts
Potential lawsuits
Corporate structure
We provide comprehensive financial and compliance reviews to safeguard your investment.
8. Determine Business Valuation and Deal Structure
Ensure the deal is fair. Consider:
EBITDA
Asset vs. stock purchase
Working capital needs
We help you structure the transaction to protect your financial future.
9. Plan for Post-Acquisition Success
Post-purchase, you’ll need:
Smooth payroll and bookkeeping
Compliance systems
Financial monitoring
We offer ongoing accounting, payroll, and consulting services tailored to healthcare businesses.
Why Choose Soriaga & Associates, LLC?
We specialize in accounting and business consulting for:
Home health agencies
Hospice providers
Home care businesses
Wound care practices
With our expert guidance, you can focus on patient care while we handle the financial side.
Take the Next Step
If you're considering buying a home health, hospice, home care, or wound care agency, contact Soriaga & Associates, LLC for a free consultation. Let us help you succeed.
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