21 Business Ideas For Registered Nurses

With their invaluable skills and knowledge, nurses are positioned to take advantage of major opportunities in the booming healthcare industry.

Nurses are qualified to run a wellness center or a hospice. They can provide health coaching, doula services, private home care, and much more.

If you’re looking to start an entrepreneurial journey, check out our list of lucrative business ideas for registered nurses.

1. Nursing Service

If you want to use your nursing skills to help people directly, you can start a nursing service and visit them in their homes or at senior care centers. It’s important to get the right license, which varies by state, and think about getting any certifications that can help your reputation. It can be very helpful to have training in more than one type of nursing. You could make $75,000 to $100,000 a year, based on where you live and how many clients you have.

2. Home Health Agency

Running a home health agency can be a rewarding venture, and it lets you provide many services in people’s homes, such as nursing and treatment. For billing reasons, Medicare and Medicaid often require this business to have licenses and permits that are specific to the state. It would be helpful if you have experience in home health care, management, or administrative jobs in the healthcare field. Earnings vary, but are usually between $80,000 and $120,000 a year. Depending on the size of the business, there is room for growth.

3. Physical Therapy

If you’re a nurse who has experience with physical therapy or is willing to learn more, you can make a lot of money by starting your own physical therapy service. Physical therapists need to be licensed, and getting more training can help your career. In this area, you need to know a lot about physical rehabilitation. Depending on where they work and what they specialize in, physical therapists can make anywhere from $70,000 to over $100,000 a year.

4. Medical Supply

There is a constant need for medical supplies, so opening a shop that sells them can be a good idea. It usually doesn’t require a license, but you need to know a lot about healthcare goods and how to follow the rules. If you’ve worked in healthcare sales or buying before, that will help you. Profits can be big; depending on the size of your market and how well you handle your inventory, you could make $50,000 to $100,000 a year.

5. Health Care

As a health care consultant, you can advise healthcare facilities on improving their operations and patient care quality. This might require certifications in healthcare management or administration. Previous experience in healthcare settings, especially in administrative or management roles, is beneficial. Consultants can earn between $70,000 and $150,000 a year, depending on their expertise and client base.

6. Concierge Nurse

The main job of a concierge nurse is to offer personalized care to private clients who call them at any time. For this job, you need to keep your nursing license up to date, and you might do better with extra training in areas like holistic or geriatric care. It can be good to have experience in a number of different areas of nursing. Income is very different, but depending on the clients and services provided, it can be very high, often more than $100,000 per year.

7. Body Contouring

Body contouring businesses are popular, focusing on cosmetic procedures that modify body shape. You’ll need to be certified to use the technology involved, like laser treatments. Training in aesthetic nursing or related fields is necessary. The earning potential is high, with annual profits ranging from $80,000 to $150,000, depending on location and clientele.

8. Lab Testing

If you want to meet the growing need for medical services, you could open a lab testing business. To do this, you have to follow strict rules set by the government and get the right licenses. It is very important to have experience working in a lab or doing medical tests. Earnings vary by job, but are usually between $70,000 and $120,000 a year, based on the size and scope of the work.

9. Supplement Store

If you know a lot about supplements/vitamins and want to work in retail, opening a supplement shop could be a great way to combine your skills. Even though you don’t need any special licenses to run a business, you do need to know a lot about nutrition and health products. Having worked in healthcare or pharmacy before can be helpful. The earnings can be anywhere from $50,000 to $100,000 a year, based on where you live and how the market is doing.

10. Doula Service

A doula service provides support to women before, during, and after childbirth. Certification through a recognized doula program is required. Experience in maternal health nursing can be beneficial. Doulas can earn between $30,000 and $70,000 annually, depending on the number of clients and services offered.

11. Non-medical Home Care

Non-medical home care provides assistance with daily activities, such as bathing, dressing, and meal preparation for clients, typically the elderly. This business does not usually require medical licenses but may need registration with state agencies. Experience in elderly care or as a home health aide is beneficial. Earnings can range from $30,000 to $80,000 annually, depending on client load and service charges.

12. Medical Billing and Coding

Starting a medical billing and coding business can be ideal if you have experience in medical documentation and knowledge of healthcare reimbursement. Certification in medical billing and coding increases your credibility and is often required by employers. This business can be very profitable, with potential annual earnings between $40,000 to $80,000, depending on your client base and efficiency.

13. Wellness Center

Opening a wellness center allows you to offer services like fitness classes, nutritional advice, and stress management. Proper certifications in areas like personal training or nutrition are crucial, depending on the services offered. Experience in healthcare or wellness industries enhances your business profile. Earnings can vary widely but often range from $50,000 to $100,000 annually.

14. Daycare Center

A daycare center for children can be a rewarding venture if you enjoy working with kids. Licensing is mandatory and varies by state but typically involves facility inspections and staff background checks. Experience in pediatric nursing or childcare can be very advantageous. Potential earnings usually range from $30,000 to $90,000 per year, depending on the size and location of your daycare.

15. Blood Testing Lab

Running a blood testing lab involves analyzing biological samples for health conditions. This requires compliance with healthcare regulations and obtaining laboratory certifications. Experience in a clinical lab setting is crucial. Annual earnings can be significant, typically between $70,000 to $150,000, depending on the lab’s client volume and operational efficiency.

16. Telemedicine

Telemedicine offers a platform to provide medical consultations over the internet. While it requires maintaining medical licensure, additional certifications in telehealth could be beneficial. Experience in any medical specialty can translate well into this service. Income potential varies but can range from $70,000 to $150,000 annually, largely depending on the scale and scope of services.

17. Hospice Care

Starting a hospice care business allows you to provide end-of-life care, which requires a compassionate approach and appropriate medical qualifications. State-specific licensing and certifications in palliative care are required. Experience in hospice or palliative care settings is essential. Hospice care providers can earn between $60,000 and $120,000 annually.

18. Assisted Living Facility

Opening an assisted living facility involves providing residential care for the elderly or disabled who need daily assistance. This requires significant startup capital and adherence to strict licensing and regulatory standards. Experience in geriatric nursing or residential care management is valuable. The earning potential varies widely but can be quite high, typically ranging from $100,000 to $300,000 annually.

19. Nutrition Business

A nutrition business can involve counseling, creating diet plans, or even writing nutritional guides. Certification as a nutritionist or dietitian is often required. Background in healthcare, particularly in dietary and nutritional fields, is advantageous. Earnings vary, generally ranging from $40,000 to $80,000 per year, depending on your client base and service offerings.

20. Health Coaching

Health coaching helps clients achieve their health goals through lifestyle and behavior adjustments. Certification in health coaching enhances credibility. Experience in any area of healthcare, particularly in preventive health, can be beneficial. Health coaches typically earn between $50,000 and $90,000 annually, depending on their client base and reputation.

21. IV Hydration

An IV hydration business administers intravenous infusions for hydration and nutrient therapies. This requires certifications for IV therapy and a valid nursing license. Experience in acute care settings where IV administration is common can help. The profitability of IV hydration businesses can be high, with potential annual earnings of $60,000 to $120,000, depending on location and market demand.