Do You Have an Ethical Dilemma ?
Nurses and social workers can have an ethical dilemma running a geriatric care management business and having to bill for profit.Their education and ethics teach them to give their services away- not bill for them.As women they are hard wired to give things away or the human race would not survive. This creates a sharp edged double bind and often causes them to bill less of their geriatric care management time spent with clients.
They often feel slimy asking for money.
even though they started a business and their agency lifeblood in billing customers so they can make payroll and grow their business. More than that, 75% of these health professionals are women and it is their DNA to give things away or the human race would not survive. But a care management agency is not a baby it is a business and you feed it and nurture it with money.
Do You Have Financial Savvy ?
Geriatric care managers need to understand revenue- how they make money to be financially to make a profit. Revenue does come from billing – but poor billing is very unprofitable billing. Money-losing billing is anything less than 85% of your client’s time. When you bill less than 85% you actually start losing money. Revenue is the high tide of money and is calculated by the number of client’s you serve, new client’s per month, number of clients canceling service. % of time billed (the goal is 85%) and what you charge for travel time.
THIS WEBINAR BEGINS: Wednesday August 21 2 PM PST Ends 3:15PM PST
DURING THIS FREE WEBINAR YOU WILL LEARN
How to Give Your Customers Have a Commitment to Pay You .
To maintain Cash Flow
To choose the Right Billing Software
To develop Financial Literacy
Why You Must Bill 85%
Understand How To Hire Care Managers Who Can Bill 85%
Understand How to train your Staff 85%
How to Thrive financially at ALCA or GCM
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