In a market of declining reimbursements, you better know your numbers. That means budget planning and developing both Operations and Financial budgets for your business is no longer optional. It is absolutely essential to competing in this new healthcare era. A budget planning process forces you to think through your whole business model. White it’s not written in stone, a budget acts as a benchmark for you to compare actual activity to projected activity. A monthly review of your … [Read more...]
Budget Planning for Rehabilitation Businesses: Protect Your Earnings in 2011
September 21, 2010 By Leave a Comment
Valuation: How to Maximize Value in Your Rehabilitation Business
September 9, 2010 By Leave a Comment
In previous posts, I talked about how business valuation simply comes down to an earning stream multiplied by a risk factor which, inversely related, becomes a multiple. The real question is “How do we maximize the value in our rehabilitation business?” If the three risk factors that determine the multiple are: size, earnings stream and referral risk, what we need to do is look at each and develop strategies on how we can reduce risk. Let’s focus on the earning stream. … [Read more...]
