Supporting the Not For Profit Sector
CareCFO is a specialist aged care and disability sector consulting firm that is focused on providing CFO and related services. Our team has extensive experience in supporting aged care and disability businesses in a wide range of services including:
- Budgeting and Forecasting
- Developing End User Driven Management Resources (including Dashboards)
- Process Enhancement Reviews
- Business Mentoring
- RAD Refund Checks/Validations
- Financial Performance Reviews and Benchmarks
- Due Diligence and Acquisitions
- Approved Provider Registrations and ACAR Applications
Change is challenging. The current state of Care and Disability Services in Australia are transitioning, due to Government legislation, changes to funding arrangements, evolving consumer behaviours and expectations, and increased workforce challenges.
With all of these distractions, Managers can loose focus on managing the financial performance of their service. CareCFO can provide ongoing support to Managers to meet the strategic and operational objectives of the organisation.
CareCFO can business partner with your organisation across a diverse range of consulting areas including process enhancement, budgeting and forecasting. business mentoring, RAD refund checks and other consulting services.
The Managing Consultant of CareCFO has extensive experience in completing due diligence and evaluation of new acquisitions and reengineering of business models during amalgamations, mergers and restructures. We also complete Aged Care Approvals Round (ACAR) applications.
Budget Development and Business Modelling
CareCFO will prepare the organisation's annual budgets. The budget process that is facilitated by CareCFO engages the management team in the decision-making process of setting KPI’s and achieving the organisation’s strategic and operational objectives.
Financial Enhancement Reviews
Facility financial enhancement reviews – identification of opportunities to enhance income streams by independently reviewing accommodation pricing, occupancy and admission strategies and ACFI resident profiles whilst analysing rosters and other expenditure
Facility Manager Mentoring – provide support and advice to Managers in relation to enhancing financial performance outcomes of their facility or home care service. To provide tangible tools and analysis to assist them in decision making and to enhance operational performance
CareCFO worked with my Board to help them understand the changes facing the Aged Care sector, particularly regarding the financial implications of recent government legislation changes and workforce issues. Because they work with so many other facilities like mine, they have insider knowledge of what works and what doesn't. The workshops really gave my Board a better understanding of how their decisions impact outcomes for residents and they have been a lot more engaged since.
Christine, Melbourne Victoria
Being a service manager, I am not experienced with preparing budgets, nor do I have the time to sit down and wrap my head around it while managing the day to day operations, particularly with all the changes to the NDIS system. I brought in CareCFO to help prepare my budget and it made everything so much easier. They really knew what they were doing and made everything easy to understand. My Board were happy with the budget and CareCFO even came along to the meeting to present it! Thank you CareCFO.
Deb, Newcastle NSW
This is the best program I have ever been to. It gave me so much practical information on how to increase profitability that can be implemented as soon as I get back to my facility.
Gave me an understanding and overview of financial mechanics of the industry. Absolutely would have been lost without it, I am sure I'll be referring to the information given further down the track.
Consolidated and enhanced previous knowledge, one of the best seminars I have been to.
Call or email our team
mob: 0476 068 222