Step by Step Guide for Starting Up a IV or Medicinal Intravenous Administering Business
How can an IV Hydration clinic be established in Florida?
An IV hydration clinic is an entity that offers hydration therapy, a straightforward medical procedure centered on infusing fluids into the bloodstream along with possible vitamins, electrolytes, antioxidants, and even prescription drugs.
If you are a healthcare professional (physician, nurse, dentist, etc.) or just an investor who is considering starting an IV Therapy Business in Florida, there are several factors to take into consideration. Here is an 8-point checklist to assist you navigate the business planning process properly.
If you wish to get some relevant legal input, but you are not ready to retain an attorney; you may consider making a 1-hour appointment to discuss the specifics of your situation, for a prepaid legal fee of $475, click here
1. What state should you register or incorporate in?
Many people wonder if they should incorporate in Delaware or Nevada or Florida. My suggestion to most of my clients is to incorporate in Florida. When a company is starting off, you need things to be simple and manageable. Going out of state and trying to grapple with what their corporation rules and regulations is difficult. Just remember, many major corporations were incorporated in their home state, and later once they became big and went public the moved their registration from the home state to Delaware. They usually shift from one jurisdiction to Delaware for maximizing their intangible tax savings.
2. What type of business structure is ideal for a Florida IV hydration center?
When it comes to setting up an IV hydration business in Florida, there are numerous alternatives. A Limited Liability Corporation (LLC) is currently the most popular and safest structure. It is the preferred choice of providers since it enables them to defend against legal action. However, a regular corporation, inc. and company will also do. It is not a must.
3. What is the paperwork needed to launch an IV hydration business in Florida?
- Putting together a business plan.
- Getting your company incorporated.
- Filing a Florida fictitious name, sometimes referred to as a Florida DBA (doing business as).
- Acquiring an employer identification number (EIN), also known as the Federal Taxpayer Identification Number (TIN).
- Professional and Business liability insurance.
- Building approval and a state permit (for your office).
- License for Business.
- A written employment agreement (offer letters) from a supervising medical director at the appropriate level.
- Operating agreements for LLCs or Corporate Bylaws.
- Terms of Service for Websites (if you have one).
- Document describing online privacy practices (generally for an online payment site).
- Examining and settling supplier contracts
4. What kind of certification is required in Florida to start an IV hydration business?
A specific license is not required in Florida to launch an IV hydration business. However, you do need an IV therapy-trained expert with the proper certification to administer IVs, and have proper supervision.
5. What kind of a professional license is necessary for the individual administering the IV?
The answer is complicated and not to be taken lightly. There are multiple variables that impact what level of a license is needed.
a. Before starting any business, you MUST have a solid understanding of IV Therapy administration. In Florida, only licensed medical doctors, osteopathic doctors, physician assistants, advanced nurse practitioners, and registered nurses (possibly under the right circumstances) are permitted to administer intravenous therapy to patients. Paramedics and medical assistants are not permitted to administer intravenous therapy because they lack the appropriate certifications and training. The completion of a 30-hour IV certification course is necessary for several of these practitioners. Regardless of who you choose to work with to administer IV therapy, they should have years of expertise and a thorough understanding of the types of IV therapy options your company offers (such as peripheral IVs, IV push, and IV piggyback). However, you will need to hire a supervising physician, if your business involves more complicated therapies, installing vascular access devices (VADs) in central lines, using infusion pumps, or installing volume-metered systems.
b. When giving simple peripheral IVs, paramedics, and emergency medical technicians should be supervised by a physician.
c. When administering any of the following, at least one Licensed Practical Nurse (LPN) is needed:
- Commencing or administering cancer chemotherapy.
- Commencing or administering plasma expanders.
- Starting or administering experimental medications.
- Mixing I.V. solution.
- IV pushes, except for heparin and saline flushes
6. In Florida, what kind of license is required to start an IV hydration business?
- A general business license.
- IV hydration Therapy Pharmacy Accreditation by the National Association of Boards of Pharmacy (NABP).
- Unrestricted Registered Nurse (RN) License.
- Safety and Health Permit.
- Zoning Permits.
- License as a director.
7. Which Medical or Clinical Director do you require (RN, PA, MD, DO)?
Florida law stipulates that a medical director must be a qualified healthcare professional with an active and regulated license as a medical doctor, osteopathic doctor, chiropractor, or podiatrist. The clinic licensee must have a medical director on staff or under contract who oversees daily activities and training, as well as proper quality assurance, but not management or administrative duties. Additionally, a health care professional is not permitted to lead a clinic if the clinic's services fall outside the purview of their license.
8. What factors affect an IV hydration industry's profitability in Florida?
- The IV treatments the business can give: Be careful of the types of IV therapies you give. An IV therapy center might not be able to deliver all IV therapies due to the need for various IV therapies' specialized equipment, training, and licensing.
- The number of patients they can see at once: The number of patients that IV therapy centers may treat concurrently may be constrained due to the potential shortage of staff and treatment rooms.
- The operational times: IV therapy facilities may have predetermined operational times during which they can offer services.
- They insurance policies they accept: The patients that IV treatment clinics can serve are constrained by the acceptance of certain types of insurance.
- Their accepted payment options: IV therapy centers may only take certain payment types, including cash or credit cards, which restricts the number of patients they may treat.
9. What factors affect an IV hydration business' startup costs in Florida?
- the location you want to cover.
- the required permits and licenses.
- What kind of workspace is used.
- how much it will cost to provide the necessary level of physician care for the IV therapy.
- branding, promotion, and marketing expenses for the IV hydration industry.
- the price of the insurance coverage.
- cost of business registration.
- the price of training your staff.
- how much uniforms cost to buy and customize.
If you have any questions, we can help answer some of them through a paid for consultation for up to one hour. The answers are very situation specific. The cost of consulting with us is $475, and it can be scheduled through this page on Calendly. If you are not ready to retain an attorney and just wish to get some legal input, you may consider making a 1 hour appointment to discuss the specifics of your situation, for a prepaid legal fee of $475 legal, click here
Going forward you may want to consider us for are the following:
Checklist of Legal AGREEMENTS We Can Assist your Healthcare Business With:
Medical Director Agreement
Lease or Sublease Agreement
Review of Malpractice Insurance
Promissory Note - Lending to the Business
Confidentiality Agreement - Non-Disclosure Agreement
Employment Agreement for MD or DO
Employment Agreement for Office Staff
Employment Agreement for RD-Nutritionist
Employment Provider Supervision Agreement
Independent Contractor Agreement for MD or DO
Independent Contractor Agreement for RD-Nutritionist
Independent Contractor Provider Supervision Agreement
Patient Concierge Agreement
Patient Fee For Services Agreement
Patient Health Coaching Agreement between Client-Coach
Patient Membership Agreement
Checklist of FORMS Needed for the Office We Can Assist your Healthcare Business With:
Consent - Informed Consent
Consent for BioIdentical Hormone Replacement Therapy
Disclaimer for Educational Session
Good Faith Estimate
Group Visit Consent Form
HIPAA - Business Associate Agreement
HIPAA Annual Training Acknowledgement
HIPAA Authorization to Disclose PHI
HIPAA Disclosure Tracking Log
HIPAA Notice of Privacy
HIPAA Patient Request for Records
HIPAA Policies and Procedures Manuel
HIPAA Privacy Complaint Form
HIPAA Pt Acknowledgement of Notice
HIPAA Revocation of Authorization Form
Letter to Insurance Companies - Addition of Cash Only Services
Medicare Opt-Out Affidavit
Medicare Opt-Out Instructions
Medicare Private Contract
Office Policies and Procedures
Online Course Terms Conditions
Online Membership Agreement Terms and Conditions
Online Social Media Disclaimer
Patient Program Agreement
Patient Termination - Discontinuation of Care Letter
Patient Testimonial Release
Practice Website Disclaimer
Practice Website Terms and Conditions
Suggested Supplement Disclosure
Supplement Dispensary Disclosure