Collection: Home Care Individualised Budgets
Do you want a better understanding of the key drivers of profitability in the home care sector?
Course Overview
This program has been designed to enhance the financial acumen of staff involved in the home care budget process and combines practical financial management with the key elements of running a home community care business.
With a focus on the Consumer Directed Care (CDC) financial model and the financial impacts of deregulation, HOME101 empowers managers to take control of their budget and drive profitability.
Presented over three distinct segments, the session explores the Commonwealth Home care and Support Packages (CHCP/CHSP), Individualised Budgets and, and concludes with a comprehensive examination of the Budget Development Process accompanied with practical examples.
What you’ll Receive
- 3 Hour Course
- Workbook and Handouts
- Participation eCertificate
- Post Course Support
Pricing
$299 + GST (Per Person)
Master Home Care Budgeting with Expert Guidance
Gain clarity and confidence in managing home care budgets through our new video resource! Discover essential strategies, practical tips, and industry-specific insights to help you develop and optimise budgets effectively.
This informative video highlights key concepts from our Home Care Individualised Budgets collection, providing you with tools to navigate financial planning in the care sector.
Key Topics Covered
- Understanding the home care business model
- Key influencing factors of the home care business model
- The revenue cycle and establishing program parameters including occupancy targets
- The importance of a care plan and the impact on the Consumer Directed Care (CDC) budget
- Impact of consumer directed care decisions on the business model
- Understanding individualised program costings including administration fees and care management fees
- Understanding staff costs and oncosts
- Rostering principles
- Setting administration costs and what are included in package management fees
- Developing individualised program budgets and regularly maintaining communication with clients
- Understanding income tested fees and their impact on the budget
- Strategies to expand the home care business including pros and cons of providing incentives and discounts
- Managing third party contractors and WHS in the home care operating environment
- Pros and cons of waiving basic daily fees
- Managing consumer expectations and assisting them to understand and manage their budget
Who Is This Course Ideal For?
This program has been developed to enhance the skills and overall knowledge of Care Managers, Case Managers, Admissions and Placement Officers, Finance Staff, Administration Staff, Area Managers, Regional Managers, Board Members, Executive Team Members, Internal and External Auditors