Health and beauty franchises can be an ideal investment with minimal startup costs, from hair salons and beauty products to gyms and personal training programs – these franchises thrive in an industry that’s experiencing strong growth.
Lynn James of Visiting Angels care franchise has used her prior experience as the General Manager at another healthcare franchise to successfully launch her own in-home homecare franchise – and its popularity is evident!
1. Kare Plus
Kare Plus provides healthcare franchise owners with unparalleled expertise. Established in 1989 and expanding both domestically and internationally since, it is currently the UK’s most well-established multi-service care franchise. Their franchise business model allows franchise owners to offer both healthcare staffing solutions as well as domiciliary care in people’s homes for clients’ complete one-stop care needs.
Kare Plus has earned itself an exceptional reputation for recruiting and retaining quality healthcare staff, which reduces hospital discharge burden and increases patient satisfaction. Kare Plus franchise owners also place great emphasis on supporting their team members; such as hosting Employee of the Month awards that recognize employees for their hard work and dedication to our company – with prizes including chocolates and flowers, or tickets for Norwich City F.C. as proof that our franchisees care deeply for them and the service they provide.
Additionally, this franchise boasts an outstanding business model and track record of success backed by financial backing from its parent company – making it an attractive option for entrepreneurs looking to venture into healthcare industry ventures.
Franchisees can expect a strong return on investment, reaching the breakeven point within one year of investment. They operate in an expansive multi-billion pound marketplace that continues to expand due to demographic shifts and health service changes.
As healthcare is an incredibly competitive sector, our franchisees strive to differentiate their services and stand out from the crowd. Kare Plus franchisees have responded in kind by striving for excellence within their network; thus earning numerous accolades along the way such as victory at the 2024 Virtual Franchise Awards; this speaks to their dedication and success as they pursue excellence with each step they take forward.
If you’re curious to find out more about Kare Plus franchise opportunities, reach out to our team immediately. We would be more than happy to answer all your queries and assist in making an informed decision for your career future.
2. Heritage Healthcare
Heritage Healthcare delivers both specialist and non-specialist home care services to the UK healthcare sector, contracting directly with many of the country’s premier care homes. Revenue streams available include supply chain management, nursing equipment support services, tailored care plans and critical care services – with franchisees both domestically and internationally being provided with an effective business model that gives them a clear path to success.
Glenn Pickersgill had healthcare running through his veins long before establishing his own company to help those most in need. It was natural for him to create a franchise model to give people who wanted to work in healthcare but couldn’t afford doing it themselves the opportunity of starting their own business and making an impactful difference in their local community.
The Home Care Franchise brand has become an esteemed and trustworthy name in home care services, and franchisees benefit from managed risks, superior operational, marketing, and sales support, and expert knowledge drawn upon by every branch network to build local and national presences of success.
Franchisees of this brand will receive extensive training from their company, beginning with a 10-day initial course and ongoing development opportunities, plus support with recruitment, employment law compliance, financial analysis and care certificate training. They’ll also have access to its proprietary software PASS Roster that streamlines processes by eliminating paper processes and increasing transparency.
Heritage Healthcare is looking for qualified candidates with experience in healthcare, an understanding of its business model, and an aptitude for building relationships with its clients and partners. The franchise package includes assistance with producing a business plan and raising capital as well as electrical equipment (PC, tablet, printer/photocopier), marketing materials and full operational and sales training – plus access to a dedicated account manager as well as the backing of a national franchise team.
3. Babylon Health
Since 2013, Babylon Health has strived to make healthcare services available and affordable to everyone around the globe. Their goal is to combine artificial intelligence (AI) with human medical expertise by offering an app enabling people to communicate directly with physicians, obtain prescriptions, make face-to-face appointments via video calls and utilize an AI symptom checker which diagnoses and treats common illnesses.
Ali Parsa, an Iranian-British former banker from London, established The Future Healthcare Co in 2013 with the mission of revolutionising how we access healthcare. Backed by significant venture capital funding, The Future Healthcare Co was heralded as an essential part of Matt Hancock’s healthcare vision at that time.
As the company expanded, however, its business model proved inherently unsustainable. Employees complained of excessive work pressures and its reliance on “blitzscaling”, an unconventional growth strategy made popular by LinkedIn co-founder Reid Hoffman in his book ‘The Blitzscaling Secret’. Parsa was so obsessed with “blitzscaling” that she went on hiring sprees every time team members made sales; her obsession even involved going as far as to ring a gong every time someone made one!
UK-based telehealth provider operates across multiple countries and boasts more than 10 million global users. Patients can use mobile and desktop applications from the company for personalized health assessments, diagnosis and treatment, while its digital platform also enables employers to offer such services to their staff.
Even with its high level of controversy, Babylon’s telehealth services remain increasingly popular and expected to expand as more people become aware of its advantages. Some healthcare professionals have raised concerns regarding Babylon’s impact on NHS system.
In October 2021, Alkuri Global Acquisition Corp became public by merging into a SPAC – providing funds and allowing the firm to grow faster. So far, Alkuri has successfully raised over $1.2 billion through eight rounds of funding from investors such as Saudi Arabia’s sovereign wealth fund and Demis Hassabis of DeepMind at Google; both investors boast strong involvement with Alkuri.
4. KRY
Kry (known in France and the UK as Livi) is one of Europe’s premier digital healthcare providers, providing patients with online medical services including teleconsultations with doctors via video or instant messaging, prescription medicines, home lab tests, in-person consultations at clinics as well as in-person consultations at home. Kry has raised $260 Million over two years and currently stands at a valuation of over $316 Million as of this writing.
KRY is designed to offer healthcare professionals access to qualified specialists at an economical price point and in an expedient fashion, providing benefits for both patients and healthcare providers. Teleconsultations services offered by this company can reduce or replace in-person visits, saving both time and money. Teleconsultations is particularly helpful during pandemic outbreaks when traditional healthcare providers may become overwhelmed with demand for in-person appointments. Kry provides patients with care outside their usual medical network, which can improve outcomes and patient experience. Kry generates revenue by charging patients for additional services not covered by national health insurance (NHI) plans at its clinics.
This company stands out from many telehealth businesses in that its business model differs significantly in that it integrates directly with national healthcare systems instead of competing directly against them, which allows it to scale quickly and become profitable even in a slow-growth economy. Already over the past year, its EBITDA burn has decreased significantly and they expect all markets to become profitable by 2024.
Kry has experienced exponential user growth in recent years and their software tools are currently used by 3,000 healthcare professionals. Beyond its own teleconsultation service, the company also offers Kry Plus as an offering for healthcare companies offering online consultations; this service features a dedicated doctor to handle calls from customers as well as an appointment management platform with customer service capabilities and dedicated teams for answering any queries. Kry Plus allows healthcare companies to focus on core competencies while still delivering superior service for patients.