With an ageing population, greater numbers of people are requiring aged care services to support them into their twilight years. This means aged care services providers need to become more efficient financially, and in their operations, so more people can be supported.
The challenge facing you as a Not-for-Profit or NDIS Provider of aged care services is identifying your gaps and opportunities and developing a plan to maximise the efficiencies while still delivering your services.
It’s a big ask, however, it need not be over complicated.
When you know exactly how to assess your aged care services organisation and obtain the data to develop a plan for sustainable growth, the process becomes exhilarating.
So, what does it take?
Having completed your overall business review, you’ll be able to assess your key drivers and unit costs to determine your budgeting requirements and cash flow forecasts.
The next step is to undertake scenario modelling, which will help you determine the best decisions to make today to achieve the growth you would like to achieve in the future.
The decisions may include making changes to your back-office operations, implementing new software to support your projected growth, adjusting job descriptions and redefining roles of management.
Other things to consider are how to reduce waitlist times, identify new revenue opportunities and how you can monitor your operations for quality and continuous improvement.
If this seems a little overwhelming, you may consider engaging a a Not for profit and NDIS provider business transformation specialist to assist with this undertaking.
Making your aged care services organisation stronger financially, achieving critical outcomes, and building a longer-lasting, more sustainable business is what we do – every single day.
Employing our proprietary CINCH Transformation Program, we have achieved an average 7.4% uplift for the Not-for-Profit organisations and NDIS Providers we have partnered with.
So, if you want to see how invested we are in a sector or have an interest in Early Childhood Intervention, we invite you to download a copy of The Early Years 2020 ECI Benchmarking Report.
This report is a great place to begin. The information in this report, will allow you to compare your organisation to industry benchmarks, and help you identify areas performing well, and those needing improvement – the basis of great decision making!
Our results are so stunning; we have become known as THE Not-for-Profit and NDIS Provider Business Transformation Specialists.
We look forward to talking with you soon.
Until then, all the best.