Healthcare is one of the fastest-growing business segments in the United States as well as the world. While traditional hospitals and healthcare systems are absolutely necessary for tending to a variety of medical needs and emergencies, health and healthcare franchises also play a vital role in serving patients, families, and communities.
There are a wide variety of healthcare franchises for sale and deciding on the right one for you will largely depend on your own area of expertise, your personal interests, your strategic and financial capabilities and limitations, and the needs of your local community.
What is a Healthcare Franchise?
From a franchise industry perspective, the term “healthcare,” as well as references to healthcare services and healthcare businesses, include a wide variety of businesses and services. Many healthcare franchises may fall into traditional healthcare services or practices provided by a licensed physician or other professional, such as medical franchises, weight loss programs, dental clinics, urgent care centers, and chiropractic clinics.
Other franchises provide health-related services, such as senior care, or health-related products, such as hearing aids. There are other businesses that are related to healthcare, or may sell products or services that promote health or a healthful appearance, such as companies offering nutrition products, medical supplies, and even tanning or other esthetics-based businesses.
On the business side, health franchises are like most traditional franchises in that they operate under a franchise business model with a corporate office (franchisor) providing an operational blueprint and brand standards for franchisees who run their own location or locations (also referred to as franchise units). Simply put, a health care franchise is any franchise whose main purpose is to promote the health and well-being of its guests, members, or customers.
What are the Various Healthcare Franchises for Sale?
A quick glance at any franchise portal or visit to a franchise trade show will yield hundreds of results for health-oriented and healthcare franchises for sale. The types of health franchises range from assisted-living facilities to gyms to chiropractors to medical weight loss centers.
Generally speaking, gyms tend to fall under the umbrella of “health-related franchises” while medical weight loss centers are commonly categorized as “healthcare franchises.” At Medi-Weightloss®, our goal is to help people live their healthiest lives possible through our customized, medically-sound weight management and health programs while offering our franchisees an opportunity to build a business in a high-demand industry.
Benefits of a Healthcare Franchise Opportunity
Healthcare franchises offer a plethora of benefits for individuals, communities, and franchise owners. A recent academic research study in Health Policy and Planning found that healthcare franchising has the potential to be a valuable organizational strategy to clients, society and organizations alike. On a macro level, healthcare franchises have shown to reduce inequalities in access and health outcomes, can provide a market alternative to rising healthcare costs while still providing reliable, quality service, may help reduce the scarcity of available healthcare options in communities and areas where options may be limited, and provide organizational models that can help create competitive advantages within the larger healthcare marketplace.
Healthcare franchises also benefit communities in the same manner that traditional healthcare systems do: by reducing the rate and spread of both communicable and noncommunicable diseases.
They achieve this by offering preventative screenings, interventions, and programs. At Medi-Weightloss®, our comprehensive programs directly and indirectly target some of the most common noncommunicable diseases in the United States including obesity, heart disease, Type II Diabetes, and more.
Research suggests that franchising can provide a better working environment by offering training to improve the quality of care, stimulating interaction and knowledge-exchange among care professionals in the same field, increasing efficiency through economies of scale, providing access to innovations originating from franchisor headquarters and other franchisees and offering other types of management and operational franchisor support.
Furthermore, some authors suggest that the use of a brand name and cohesive marketing strategies can pull more patients to the franchise practices by signaling the presence of high-quality providers. We have spent almost 20 years strategically building the Medi-Weightloss® brand name and image so that it is synonymous with quality.
Despite the variety of health focuses, the one thing that many healthcare franchises for sale all have in common is that they are almost always backed by scientific-based research and knowledge and are often supervised by licensed medical professionals (this is typically required for insurance reimbursement). This sets healthcare franchises apart from other health-related franchises.
While a gym might offer nutritional classes or meal planning as part of their services, they are usually not customized to each individual or based on the results of a comprehensive medical screening and assessment. At Medi-Weightloss®, we pride ourselves on our evidence-based approach to treatment through clinical research and translational science as well as our comprehensive medical diagnostic tests for our patients. These tests provide valuable medical insight that help our franchisees tailor a service that is based in science, not fads.
Expert Guidance and Access to Research
Each of our franchise units is supervised by a licensed medical professional, and we understand that staying abreast of the most current research is crucial in developing new knowledge, techniques, and approaches to treatment.
At Medi-Weightloss®, our corporate advisory team includes some of the world’s top physicians and researchers who are regularly interviewed and consulted as subject matter experts on key topics such as obesity, preventive medicine, lifestyle medicine, and public health. Our advisors regularly participate in and present at major several scientific and medical conferences and are affiliated with some of the industry’s most prestigious organizations.
Researching Healthcare Franchises for Sale?
Since healthcare franchises can span such a variety of health industry sectors, it is important that potential franchisees understand the legal, statutory, regulatory and licensure restrictions and requirements required by both the franchisor as well as their state and local government entities. These requirements and regulations vary greatly depending on the healthcare business that is being franchised. For example, the licensing requirements for operating a massage franchise will be very different than those needed to run a diagnostic laboratory franchise.
If you think that owning a Medi-Weightloss® healthcare franchise might be in alignment with your expertise and interest, please contact our corporate office today.