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LifeSpring Franchising Information

Thank you for your interest in the LifeSpring franchise opportunity! We invite you to spend some time reviewing the information on the website to gain an understanding of the scope of our business model and the benefits of becoming a LifeSpring franchisee.

Why LifeSpring?

While the LifeSpring franchise is a ground floor opportunity, the senior care industry is, and continues to be, an industry with consistent growth year after year. Coupled with the successful corporate track record of our location in Norman, Oklahoma for the past 15+ years, and the unparalleled experience and expertise in the health care arena by the owners and staff of LifeSpring, we offer a multi-revenue stream model designed for those entrepreneurs interested in building, growing and sustaining a viable business over time.

If you are ready to make the leap to business ownership and are looking for an opportunity that provides much-needed services to the community and takes advantage of your management skills and experience, LifeSpring may be the right fit for you.

Because licensed and certified home health care companies appear similar, choosing the right one can be difficult. Through the diversity of services we offer, as well as our belief that caring for others is truly our calling, LifeSpring In-Home Care Network has established itself as a leading provider of home care services.

Industry Overview

For most families, finding quality care for a loved one can be a daunting task, especially if the desire is to have the family member stay in his or her own home. The support needed may require assistance with tasks as simple as housekeeping chores and daily living activities to more advanced home health care through skilled clinicians as a result of a recent hospital stay or declining health due to chronic illness.

According to reports by the Area Agency on Aging, the population of seniors aged 65 and older numbered roughly 40.4 million in 2010, representing 13.1% of the U.S. population. In addition, the average life expectancy of a person reaching the age of 65 is an additional 18.6 years (20.0 years for females and 17.3 years for males).

Projections show that by the year 2050, the estimated population for seniors aged 65 and over will top 87 million. While these statistics are encouraging in that we are living longer, often times children of aging parents find themselves in the quandary of raising their own children and attempting to care for their parents at the same time.

At LifeSpring, our goal is to provide quality care to seniors allowing them the benefit of the comfort of their own home and much-needed resources to families in communities across the country. For us, no job is too small. No task too great. No extra-mile, no above or beyond. It is just what we do. It is simply who we are.

Business Model

Our franchise opportunity has the following attractive business characteristics, while at the same time, providing much-needed, sought-after services in every community across the country:

  • Executive, scalable model
  • Excellent growth potential in an ever-increasing industry
  • Low initial investment
  • Multiple Revenue Streams
    • Personal Services
    • Home Health
    • Hospice
  • Accreditation/Billing Services
  • Comprehensive Training Support
  • Grand Opening and Marketing assistance

Using a staged-in approach over an 18 month period, our franchise affords you the opportunity to build a successful business, while providing much-needed and meaningful services in your community.

Through the offering of non-medical private duty services, home health and hospice care services, a LifeSpring franchisee provides a continuum of services to meet the needs of the aging society in their community, while fulfilling their dream of business ownership.

Our model is validated by a strong and detailed Item 19 in our Franchise Disclosure Document that will be made available to qualified candidates during our qualification and research process.

Our mission is to build a culture of franchisees who take care of their customers as they would their own family members.

If you have the entrepreneurial spirit, meet our financial requirements and are looking for a business with a proven track record of success that leverages your previous management experience and skills, we would like to learn more about you. Simply complete the form provided, and we will contact you to begin the process.

What Makes Us Different

The owners and staff of LifeSpring bring experience, empathy and a strong clinical background to the franchise and have successfully operated the business model outlined above for over 10 years. Every detail has been addressed, and the systems are in place to help you grow your business and provide top-quality services.

Over the years, our expertise has been sought out by struggling health care agencies, and from the successes we have had with corporate and individual clients, we believe we bring a strong, time-tested, successful infrastructure that will greatly benefit our franchisees.

Our franchisees receive strong support and assistance in every phase of their business. From start-up tasks and ensuring your licensing and accreditation is complete, to staffing and seamlessly phasing in our service lines, to implementing our marketing strategies in your territory, we guide you through every step to your success in building your business.

Finally, our depth of knowledge and experience in the Medicare and Hospice fields is unsurpassed. As a LifeSpring franchisee, you will be afforded the opportunity to work with various philanthropic organizations to affect a difference in your community and provide caring and compassionate services when a family needs them the most.

Our Process

At LifeSpring, we believe it is important for candidates to follow a logical, methodical process when learning about the many facets of our opportunity. Having all the information on how our business model works will allow you to make an informed decision.

We have designed a simple step-by-step process that one of our representatives will guide you through over the course of four to six weeks.

If you are ready to get started, review the information included in this section to understand our expectations and timeframes for your research. Then, simply complete and submit the Request Information form, and we will contact you shortly.

Research Steps

Once you have submitted our “Request for Information” form, we will contact you to begin the research process in to all facets of our opportunity. Our goal is to provide you with all the information necessary for you to determine if LifeSpring is a good fit for you and culminate the investigation with a Discovery Day in Norman, Oklahoma.

Your due diligence will include:

  • An introductory call with one of our representatives to understand your goals, timeframe and overall interest in becoming a business owner
  • Learning about the critical components of our business model
    • Licensure and Accreditation requirements
    • Staffing
    • Marketing
    • Training and Support
    • Accounting and Billing
    • Investment and Building Your Business over Time
  • Complete our Confidential Questionnaire, including financial information
  • Review of our Franchise Disclosure Document (FDD), including our detailed Item 19
  • Validate our track record and experience w/franchisees and/or corporate clients
  • Discovery Day

Our Expectations

The time frame to complete the due diligence process outlined above typically takes between four to six weeks. At the end of this process, we will invite you to a Discovery Day at our Corporate Headquarters in Norman, Oklahoma. You will spend an entire day with our management team and staff to provide you with a comprehensive view of our opportunity.

At the end of the process, should we all believe it will be a mutually-beneficial partnership, we will invite you to join our LifeSpring family.

Initial Investment

Our initial investment range is from $192,400 up to $309,200. This range covers all costs associated with the launch of your new business, as well as licensure and accreditation requirements and the one-time purchase price for the Point of Care Software system.

A net worth of $500,000, along with $100,000 in liquid capital is our minimum requirements from a financial standpoint. A strong secondary income, whether from a working spouse, retirement investments, etc. is also beneficial.

If this sounds like the business for you, we are interested in learning more about you. Simply complete the request form. One of our representatives will contact you to begin the process.

Ideal Candidate

If you are looking for a business with a proven track record, and have the desire to be in control of your future, LifeSpring Franchising might be the opportunity for you. Our ideal candidate is looking for a business that leverages their previous experience, takes advantage of their business strengths, and is ready to be in control of their future success.

We are looking for individuals who:

  • Are detailed oriented
  • Are motivated to succeed, energetic, focused and able to follow our system
  • Have the drive and desire to succeed in business by providing a much-needed service
  • Have background experience in networking, relationship-building and understand the importance of customer service
  • Possess strong management and/or marketing skills
  • Meet our minimum financial requirements of $500,000 net worth with $100,000 liquid capital
  • Are ready for the challenges, and successes, that come with starting your own business

Our ideal candidate does not necessarily need to have a medical background or experience in the health care field. We will help you identify the clinical staff positions required to deliver the services, provide all the necessary up-front and on-going training to run a successful LifeSpring franchise, and assist you with the licensure/accreditation requirements for your state or local area.

Your role is to oversee the day-to-day operations, manage your staff, build relationships within the medical community and drive and grow your referral network.

If this sounds like the business for you, we are interested in learning more about you. Simply complete the request form. One of our representatives will contact you to begin the process.

Frequently Asked Questions

  1. Does LifeSpring grant exclusive territories? 
    Yes. Our typical territory includes a population base of approximately 200,000 to 300,000 and is created using zip codes in a contiguous fashion. This size area usually includes a total of 20,000 people aged 65 years or older. These figures may vary depending upon how many territories are available in your area.
  2. Is my market big enough to support me and grow a sizeable business?
    We have modeled our territory size and population criteria after our service area operated by our very successful corporate location in Norman, Oklahoma. This model has been in operation for the past 10 years. During the research process, we will assist you through evaluating whether the area in which you live is comparable in size and scope to meet our territory guidelines.
  3. How much money can I make?
    While your success will depend upon how closely you follow our system and your willingness to market your business, we do provide an Item 19 in our Franchise Disclosure Document. The figures reported are based on our successful Corporate location in Norman, Oklahoma and will serve as a guide for you to set your individual goals for the first five years of operation.
  4. With so many opportunities available to me, why should I choose LifeSpring?
    As a LifeSpring franchisee, you will have the benefit of a management team with over 50+ years of industry experience, who have been operating the same scope of business as our franchise offering for over 10 years. When comparing other companies, we believe you will find ours to be the most comprehensive model in that we offer three revenue streams that allow you to offer a continuum of care to your clients. In addition, we have first-hand experience regarding certification and accreditation processes and will assist you in completing those requirements. Additionally, we assist with Medicare billing, and our Point of Care software system allows your business to operate effective and efficiently, which allows you to build your business much quicker.
  5. What licensing and accreditation is required for the business?
    You will need to obtain the appropriate licensing within your State and will need to go through the accreditation process to receive your Agency number for Medicare and Hospice. We have taken consulting clients through these processes many times and will share our templated process that eliminates the pit falls most experience when making application to the appropriate agencies.
  6. Do you have proven marketing program that will produce results for my business?
    Our marketing program is proven and effective, and is a direct result of our Corporate location’s success over the past 10+ years. Our marketing techniques are applicable in any market, and are geared toward developing and building referral relationships within the medical profession in your community. We’ll teach you the approach and follow-up techniques that have proven successful for us when you are in training.
  7. How is billing handled?
    During training, we will assist you with setting up your Chart of Accounts for billing services for private pay and train you on implementing a simple system for your accounts receivable. From there, we’ll do the rest – we manage and bill your clients for any Medicare and/or Hospice services. Our expertise in these areas allows us to help you be the most efficient, so you can spend your time growing the business while we keep any eye on patient billings and correct coding of care services.
  8. What type of employees will I hire?
    In most cases, your employees will be licensed professionals, such as an RN Case Manager, skilled nurses, medical social workers, as well as certified home health aides. We will assist you with criteria for hiring and screening for all positions. Our training and online University will educate you on what qualifications are necessary of different levels of care.
  9. How large of a staff does it take to start the business?
    You will start your business with a minimal number of staff. Your key staff member will be a full-time RN that will be your Director of Nursing Services. All other staff will be hired on a part-time basis; their hours will increase as you grow your business, add additional services in Home Health and Hospice and as your patient load demands.
  10. How long will it take to be fully operational?
    As a LifeSpring franchisee, you will use a phased-in approach over an 18-month period. You will begin offering Private Pay services in your territory, allowing you to generate cash flow while your accreditation application is in process. Upon securing accreditation, you will begin offering Home Health and Hospice services. The typical time frame to be fully operations with all three revenue streams is 18 months.
  11. Do you provide training?
    As a LifeSpring franchisee, you will receive on-site training, as well as follow up training as you add your additional services. Not only will we train you in the operation of your business, but all the components are in place for training your staff as well. Our on-line Operations Manual ensures you are kept up to date on all regulation and procedural requirements, and access to our on-line LifeSpring University will provide all aspects of hiring, personnel and operations of the business at your fingertips.

 

Request Franchising Information

If you have a high level of interest in business ownership and believe the senior care industry may be a good fit to help you achieve your goals, we would like to discuss our concept in greater detail with you.

Simply complete and submit the form below, and one of our representatives will contact you to begin the process.

We do not share or sell your information! Your privacy is assured.

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