Sustainable Financial Management in Home Care




7 days access to our 2021 virtual event recording

We all know just how hard it is to balance finances to remain competitive and sustainable in the current home care market. You want to deliver a high quality and safe service to your consumers, but finances are tight.

We also know that financial management in home care will become challenging by changed funding arrangements by the Commonwealth for payment of subsidies and holding of unspent funds.  Increased consumer expectations, complex clinical care needs and overhead costs can dilute profits if not adequately reflected in fees and charges.

The home care sector is becoming more competitive with the number of home care providers is growing at over 6% per year according to the ‘Report on the Aged Care Act 2018-2019’. This reflects the attractiveness of greater choice in line with consumer preferences in a more market-based environment. In NDIS we see great opportunities for Home Care providers who may provide similar services to the aged care home care services.

At Lorraine Poulos and Associates, we want to help you to not only survive, but to thrive. This webinar outlines to providers how they can ensure they are financially competitive and sustainable in an environment of changed funding arrangements and increased competition. Guest speakers include Steff Kearney from StewartBrown and our NDIS expert Gabriel Herr.

The webinar will include tips and information about:

✔ Overview of the current policy framework and what it means for providers

✔ Suggestions for bundling home care packages

✔ Identifying the right pricing strategy

✔ Determining a break-even point and price sensitivity analysis

✔ Pricing comparison across package levels and care management levels

✔ Costing methods

✔ Managing different cost categories such as direct, indirect, fixed and variable

✔ Building a unit cost model

✔ Attribution and allocation of costs

✔ Feedback from industry experts in home care

✔ Resources to assist you in the workplace for easy implementation of recommendations

And so much more…

7 days full access: to watch online from the comfort of your home or office!