 |
|

Establishing Private Pay Services
The resurgence of the private pay home care business
is here. Managed care, Medicare risk, and the changing
pay structure proposed for Medicare private pay business
mirror the traditional and are the future for all home
care agencies. Close controls of direct labor costs,
general and administrative costs will be mandated for
survival, and certainly for profit.
The payer will be very involved in planning coverage.
The service delivery will be streamlined with reduced
paperwork, longer visits with more intense education, and
close interaction with the payer.
Key staff founded and managed 12 private agencies for
8 years before founding HelpSource. Services including
pediatrics, geriatric personal care, assisted living,
home infusion, workers injury cases and are key areas of
opportunity. The experience of HelpSource staff can help
you establish your private business.
HelpSource will help you:
Research your
market to determine the feasibility of private
services for your agency. |

|
Develop financial
proformas for profitable operations. Use our key
statistics for
| ... |
% of administrative
salary to revenue |
| ... |
gross margin calculations |
| ... |
break even revenue |
| ... |
net profit expectations |
|

|
Structure private
offices for efficiency and growth including
organizational charts and job descriptions, and
flow of work process. |

|
Recommend hiring
and retention techniques. |

|
Learn intake,
scheduling, billing and payroll. See how on call
becomes a much more important issue. |

|
Learn pricing and
pay practices to stay competitive. The critical
insurance verification process will be taught. |

|
Teach sales of
private business, where to find it, how to get
it:
...
|
pediatrics in managed
care and state funded programs |
...
|
assisted living in retirement centers |
...
|
managed care contracts |
...
|
managed care for +65 |
...
|
supplemental staffing |
...
|
personal care at home |
|

|
Establish
incentive programs for all staff for growth. No
longer will "sales" or
"marketing" be disallowed. Only your
revenue and profit will determine your sales
budget. |
HelpSource staff have the track record
for high profit performance in the private pay industry
and can guide you carefully as you develop this more
comprehensive home care service.
|