Archives for November 2015

One of the most critical elements for growth of an agency is establishing daily benchmark data of six critical factors that must be monitored daily.   These include:

• Current cash in bank accounts
• Current A/R balance including balance over 90 Days
• Current A/P balance
• Previous days billable
• Previous days bank deposit
• Previous days checks/payments made

For most owners in home health, getting a copy of your financials typically only tells you what HAS happened versus what IS happening. This report will provide the most recent data that you need to be focusing on…cash flow management.
 
We have tapped into some of the most successful agency owners with whom we have worked with and developed a great tool we call THE FLASH REPORT.  You can start using it today to track and monitor the six critical elements to achieve successful growth, increased value and managed cash flow.
 
As you complete the report daily,  you begin to compile data you can utilize to benchmark and build comparison data.   This information will allow you to monitor and take action to correct the most critical elements to your agencies success.
 
Click the file below to download THE FLASH REPORT template.  All formulas are set up… all you have to do is enter your numbers and the report will calculate your inputs.  It even includes calculations of three critical questions you need the answers to on a daily basis.

Having an exit plan in place is critical for every business owner.  At United, we work with business owners just like you every day.  Some are prepared and have written plans in place, but the majority have nothing in place and we have seen first hand how detrimental this can be to the ongoing success of a business following an unplanned exit.  Even if your plan is to pass it down to children or other family members, you must have a written plan in place.
 
The fact is, most business owners exit their business due to health reasons, burn out, divorce/partnership disputes and death.  Retirement is seldom the primary reason for an exit.   The primary reasons for an exit are often sudden, life changing events.
 
When one of these events occur, and there is not a plan in place, the business typically suffers and the value can be greatly diminished in a short period of time.  A written exit plan is a necessity for every business owner.
 
At United, we care about our customers and can provide guidance to help you develop an exit plan.  We even offer an ongoing service to help get you started.  It is by far the best value in the industry and offers ongoing annual updates at no charge…it really is an incredible value.

To learn more about this valuable service click here and provide the requested information.