Arguably the most important financial issue for operators
Trading improvement is a key target for all healthcare businesses.
Headwinds adopts a top down approach:
- Occupancy– Registration versus room availability/singles/en-suites/embargoes
- Fees– Local Authority/private/spread
- Staff costs– including agency, pay rates, rotas etc
- Other overheads– including food/utilities etc
HeadWindsCare has plenty of experience reviewing care operator’s financials and benchmarking them against regional and national trends. Highlighting low fees or high staff costs and advising/helping to turn them around can be a very cost-effective exercise.