Running a home care agency is more than getting clients and hiring caregivers. Your agency also needs pricing that makes sense, clean bookkeeping, cash flow planning, payroll awareness, and a clear understanding of profit.
This training was created to help home care business owners understand the financial side of running a sustainable agency.
Whether you are private pay, Medicaid waiver, or a mix of both, your numbers matter.
This is a 2-day training.
Investment: $299
Location: Virtual Training
Hosted By: Alexis Smalls, CMM
Website: www.smallsalexis.net
This training will be offered once per month. The first available session will focus on the June 10th and June 12th training dates.
During this training, we will cover the financial areas that home care owners need to understand in order to build a stronger business.
Topics include:
• Business structures
• Owner draws vs. salary
• Revenue vs. gross profit vs. net profit
• How to read a basic Profit & Loss statement
• How to calculate a profitable hourly rate
• Private pay vs. Medicaid/waiver payer mix
• Bookkeeping basics
• Cash flow planning
• Common financial mistakes
• Payroll and reimbursement delays
• Your 90-day financial action plan
You own or operate a home care agency and:
• You are not sure if your current rates are profitable
• You are bringing in revenue but still feel financially stressed
• You struggle with cash flow or payroll planning
• You need help understanding your Profit & Loss statement
• You are unsure how to separate business expenses from personal spending
• You accept Medicaid or waiver payments and need to plan around reimbursement delays
• You want to make better decisions with your numbers
• You are ready to build a stronger, more sustainable agency
A home care agency can look busy and still be financially unstable. You can have clients, caregivers, referrals, and money coming in, but still struggle because revenue is not the same as profit.
Your business income has to cover caregiver wages, payroll taxes, insurance, workers comp, software, marketing, administrative costs, reserves, and owner compensation.
This training will help you slow down, look at the numbers, and understand what your agency actually needs to operate in a healthy and sustainable way.
Your $299 registration includes:
• Access to the 2-day live virtual training
• Practical financial education for home care agency owners
• Pricing and profitability examples
• Cash flow planning guidance
• Bookkeeping checklist
• 90-day financial action plan
• Opportunity to ask questions during the training