Good cash flow = come in fast, go out slow!
The formula for successful cash management in home care is a simple one: The agency must bring cash in as quickly as possible, while keeping expenditures at as low and slow a pace as possible. However, while the formula may be simple, success may be elusive unless agency administrators have a well-thought-out plan to handle cash management.
Garvey
Sherill
S
sgarvey@kpmg.com
D000067:Accounts Payable and Receivable; D000368:Aged; D003284:Contract Services / Q000191:economics; D005376:Financial Management / Q000379:methods*; D018574:Home Care Agencies / Q000191:economics*; D006699:Home Care Services / Q000191:economics*; D006801:Humans; D007344:Insurance Claim Reporting; D006278:Medicare; D017008:Negotiating; D010559:Personnel Management / Q000191:economics; D014481:United States