Cash Is King
Cash is king and small businesses like geriatric care management have to keep their cash flowing in the bank to keep from going under. Since geriatric care managers are entrepreneurs who routinely do not have a degree in business, here are some tips.
Bill Bi Monthly
Send invoices within 2-3 days of billing period and invoice at least twice a month preferably once a week, to keep up with your expenses. Doing this as a social worker or a nurses will throw you out of your comfort zone, but you must, encourage clients to pay. Quickly send reminders after 1 week you have invoiced. You are playing the role of both a bill collector and a heath professional as a geriatric care manager business owner.
Prevent Clients Late Payments
Easy ways to prevent late payments are to get a credit card after you sign the contract and automatically bill the credit card. Each billing cycle. Always get a signed service agreement Contract when you open a case and put payment requirements in the contract. Remember to send a thank you note after the bill is paid. Reward clients with kind words.
For more watch the my you tube below on increasing cash flow below and subscribe to my you tube channel Geriatric Care 1
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