Are you considering becoming an NDIS provider but wondering, “How much does it cost to become an NDIS Provider? Well, buckle up because we’re about to dive deep into the world of NDIS provider registration and the expenses you’ll need to consider.
First, let’s talk about the actual costs of becoming an NDIS provider. Registering with the NDIS is free, but there are costs associated with auditing your business, which the applicable NDIS Practice Standards require. These costs will vary depending on the size of your business and the type of services you plan to offer. Here’s a breakdown of the costs you might encounter:
Keep in mind that these costs are just for the audits. You’ll also need to consider the costs associated with starting the business itself, such as staff recruitment and training, leasing or buying a base to operate your NDIS services and other operational expenses.
Now that we’ve covered the costs let’s talk about the benefits of becoming an NDIS provider. As a registered provider, you’ll have greater credibility, a larger client base, and direct payments from the NDIS. Plus, you’ll be able to work with NDIA-managed participants, allowing for more business intake in your local area and expansion opportunities.
Becoming an NDIS provider isn’t all sunshine and rainbows. You’ll need to overcome challenges, such as adapting to changes in the sector, ensuring compliance with NDIS and Fair Work regulations, and managing casual employment. But with proper planning and strategic decision-making, you can successfully navigate these challenges and maximise the opportunities ahead.
Yes, registering with the NDIS is free. However, there are costs associated with auditing your business, which is required by the applicable NDIS Practice Standards.
A verification audit for ‘low risk’ or less complex services may cost between $900 – $1500, while a certification audit for ‘higher risk’, more complex services and supports may cost between $3,000 – $5,000.
As a registered provider, you’ll have greater credibility, a larger client base, and direct payments from the NDIS. Plus, you’ll be able to work with NDIA-managed participants, allowing for more business intake in your local area and expansion opportunities
In conclusion, becoming an NDIS provider can be a rewarding and lucrative endeavour, but it’s essential to be aware of the costs and challenges involved. By understanding the expenses associated with registration and audits and the benefits and potential obstacles, you’ll be better prepared to decide whether becoming an NDIS provider is the right move for you.
Up until working with Casey, we had only had poor to mediocre experiences outsourcing work to agencies. Casey & the team at CJ&CO are the exception to the rule.
Communication was beyond great, his understanding of our vision was phenomenal, and instead of needing babysitting like the other agencies we worked with, he was not only completely dependable but also gave us sound suggestions on how to get better results, at the risk of us not needing him for the initial job we requested (absolute gem).
This has truly been the first time we worked with someone outside of our business that quickly grasped our vision, and that I could completely forget about and would still deliver above expectations.
I honestly can't wait to work in many more projects together!
Disclaimer
*The information this blog provides is for general informational purposes only and is not intended as financial or professional advice. The information may not reflect current developments and may be changed or updated without notice. Any opinions expressed on this blog are the author’s own and do not necessarily reflect the views of the author’s employer or any other organization. You should not act or rely on any information contained in this blog without first seeking the advice of a professional. No representation or warranty, express or implied, is made as to the accuracy or completeness of the information contained in this blog. The author and affiliated parties assume no liability for any errors or omissions.
