Top 10 Medical Franchise Opportunities Worth Considering

Medical franchises are becoming more popular worldwide and in the US in particular. The diverse market that makes it more promising includes diagnostic testing services, home healthcare, medical billing, and hospital management systems. Some franchisors manufacture and distribute health supplements. Below are the top ten medical franchise opportunities to consider to achieve your mission of promoting the health and well-being of patients.

1. Miracle-Ear 

Miracle-Ear, Inc. is a hearing aid company that provides franchise business owners the prestige of the Number 1 most-recognized hearing aid brand and the freedom to be their own boss. The company has been committed to helping people reconnect to the world through improved hearing healthcare. 

Miracle-Ear started franchising in 1983 with 1,452 existing franchise units. To franchise, you must invest between $119,000 to $352,500 and pay a $30,000 franchise fee.

2. ARCpoint Labs

The ARCpoint Labs medical franchise offers a long list of diagnostic testing services. Founded in 1998 by Felix Mirando, ARCpoint Labs provided drug and alcohol testing in Greenville, South Carolina. Currently, the brand has 102 locations across the US and in other countries. 

ARCpoint Labs started franchising in 2005. It would be best if you had an initial investment of up to $252,325 to buy a franchise. Plus, you must pay a franchise fee of $49,500 and a 7 percent royalty fee. 

3. The Joint Chiropractic

The Joint Chiropractic’s proven business model is simple to operate with evident scalability among franchise owners. The Joint Chiropractic was established in 1999. Its franchise opportunity sets a minimum net worth of $350,000 and liquidity of $100,000. The total investment, on the other hand, ranges from $215,297 to $476,997.

4. American Family Care 

Founded in 1982, American Family Care believes in prioritizing the patients’ emergency care needs. This business model has transformed American Family Care into a leader in the medical franchise industry. The total investment range of American Family Care ranges from $883,500 to $1,362,000, including the $60,000 franchise fee. 

5. Brightstar Care  

BrightStar Care is a full-service home care franchise group that provides medical and non-medical home care to private patients within their homes and supplemental healthcare staff to corporate clients. The BrightStar Care Home Care franchise system is the strongest and best home healthcare franchise. It provides the best training, ongoing support, and tools for franchisees to grow their businesses.

Brightstar Care was incorporated in 2002 and had been franchising since 2005. To own a Brightstar Care franchise, you need an initial investment between $105,735 to $170,457. 

6. Nurse Next Door 

Senior citizens comprise almost 13 percent of the Canadian population, and this rapidly growing sector has essential care needs. Nurse Next Door is looking for entrepreneurs interested in building a Nurse Next Door franchise in your area. The franchisor guides franchisees to make a self-sustaining home care operation. 

To franchise Nurse Next Door, you must invest between $105,000 to $199,300 and pay a $30,000 franchise fee. The royalty fee is 5 percent of monthly gross sales. 

7. ATC Healthcare Services 

ATC Healthcare Services is an expert in franchising and has been developing franchises for over 30 years. Nurses, doctors, and healthcare professionals trust ATC Healthcare with staffing solutions for leading hospitals and institutions in over 40 regions of the country. The initial investment for this medical franchise ranges from $129,400 to $217,400, while the initial franchise fee is $50,000.

8. GNC Franchising 

GNC Franchising is a franchise for producing and selling vitamins and nutritional supplements formulated by scientists and nutritionists. The company has been franchising since 1988. GNC has franchise stores in the US and worldwide. The company invites you to join the growing health and nutrition industry of over $ 100 billion by becoming a franchisee.

9. ClaimTek Systems 

ClaimTek is a developer and owner of software applications headquartered in Orange County, California. Specifically, the company develops medical billing and practice management systems. Each system includes advanced MedOffice software, training, marketing, and support. 

ClaimTek provides its franchisees with the vital elements to properly get started in this business: advanced software, personalized training, effective marketing, and ongoing support. To own a franchise, an entrepreneur must invest between $14,995 to $34,995 and pay a royalty fee of $39,995. 

10. CarePatrol

CarePatrol was established in 1993 by a social worker who witnessed a traumatic experience by a family whose relative had been placed in the wrong facility. The brand became a pioneer organization that helps families make educated choices throughout America. And as a franchisor, it ensures a superior platform for the support of franchisees nationwide.

CarePatrol franchise requires an initial investment ranging from $43,620 to $103,620, and the franchise fee is between $15,000 and $52,000. The minimum net worth and liquidity are $250,000 and $50,000, respectively.

We assure you that the medical franchises listed are worth buying. However, before starting a franchising journey, you must consider the brand’s reputation. Avoid the pitfalls of an unsuccessful business venture by knowing how to start a franchise and the common reasons why franchises fail.