The financial projection may be mind-numbing to care managers who started an Aging Life or geriatric care management business with an awesome idea and a toolbox of care management skills. But beware– without the tools and skills to make money- your great idea of a private geriatric care management business may end up bankrupt.
Geriatric care managers need to understand revenue- how they make money to be financial 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.
Do you want you and your staff to bill more hours doing care management or aging life? Billing is not just getting more clients. You need to understand what stops you and your staff from billing 85% of their time.
Join me at my free webinar.
Learn more about both the ethical dilemma social workers and nurses have about billing- plus
8 critical financial management aging life or geriatric care managers must take to insure a profit .
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