"Can You Deliver the Care Your Clients' Need Whilst Maintaining a Financially Healthy Care Home?"
If not then, the bottom line is, you need to raise your fees.
YOU HAVE NO CHOICE.
If your fees haven't changed since the start of the pandemic then, unless you were making at least 30% profit on them, you are now making a loss on those fees.
If your fees haven't changed in the last 12 months, then without doubt your current resident fees will be bringing you next to no profit or making a loss.
And so…
The challenge of keeping your care home financially sustainable has never been greater.
And its a challenge you need to win now.
Knowing you need to raise your fees is one thing but getting your commissioners to agree to pay the higher fees, is quite another.
With less money than ever before and the huge rise in the cost of living, commissioners are doing all they can to keep your fees where they are or trying to reduce them.
The secret to winning the fees you need is to know your numbers and present a fee quote that is accurately calculated and easy to defend.
How many chances do you get to win the higher fee that you really need?
ONLY ONE.
Accept a lower fee and you've not only compromise the financial health of your care home this time but the expectation of the commissioner is that you will do this every time.
Don't risk getting this wrong.
It has to be right first time, accurate and easy to defend.
If you want to create a fee that is right first time, accurately calculated and easy to defend, let me introduce…
The Quality of Care Care Fee Calculator
The only tool that will help you set accurately costed fees and give you all the information you need to successfully negotiate for those fees.
Key benefits of using our Care Fee Calculator.
• Certainty from knowing that you have covered all your care home costs, plus the specific care costs an individual needs and set a profit that is healthy for your business.
• A breakdown of all your costs, including those of individual care tasks, so you can confidently justify every single aspect of your fee quote.
• Accurately calculated staff costs and average hourly rates based on your ideal staffing levels instead of current staffing levels that may be too low.
• A comparison table so you can instantly see the financial impact of a lower fee your commissioner wants to pay and can clearly highlight why that fee is not acceptable.
Why the Quality of Care Care Fee Calculator?
Create Accurate Fees with a Detailed Breakdown of Your Costs
The Quality of Care Care Fee Calculator gives you a detailed breakdown of your weekly costs per resident so that you know how much it will cost to care for that person and can fully justify that cost should you need to.
In time your commissioners will know that you create accurate quotes and will challenge you less and less.
We use this tool in our sister company's nursing homes and they successfully raise fees as needed with little come back from commissioners.
Accurately calculated fees gives you the certainty of knowing that is the fee you need and the confidence to fight for it.
Calculate Your Staff Costs based on Ideal Staffing Levels
Your staffing levels may be lower than ideal but as you recruit the staff you need, and your costs increase, you can't simply increase your fees.
Instead, your fees need to be based on the staffing levels you need and are recruiting for.
Enter your ideal staff profile, including agency usage, hourly rates, shifts patterns, employer on-costs and which staff teams need annual leave and training cover and on average how much cover you have to add for sickness and absence, and the Quality of Care Care Fee Calculator will work out your real weekly staff costs per resident to give you, together with your fixed costs, a Minimum Breakeven Cost for each resident.
Now you have a minimum cost for each resident and know that any fee below that minimum is a loss..
Know the Real Cost of the Care You Deliver
Know how much it will cost you to deliver the care each individual resident needs.
With all the Staff Profile information entered, the tool will calculate the true average hourly rates of your care and nurse teams (including agency staff).
Enter the number of care and nurse staff on shift on average over a 24-hour period and based on the true average hourly rates, the tool will work out how many hours and minutes of 'basic' care each resident can receive each day.
Identify any extra care a person needs above and beyond this ‘basic' care allowance.
Enter those extra tasks into your quote and based on your average hourly rates, the Quality of Care Care Fee Calculator will work out how much each task costs to deliver each week.
Knowing your care costs to this detail means you can counter argue any objections that commissioners throw at you.
Know the Financial Impact of a Fee That is Too Low
If your commissioner insists that a fee, they want to pay is fair and you should accept it, using the Quality of Care Care Fee Calculator you can instantly challenge their argument.
Simply enter their offer in the tool and it will show you how much profit or loss you would make weekly and annually if you accepted that fee.
Being able to instantly highlight how little profit or how great a loss a commissioner's fee offer will bring you, will increase your credibility and weaken their position.
No Risk Money-back Guarantee
With all the benefits I've outlined you would think that the Quality of Care Care Fee Calculator costs a few thousand pounds.
Even if it did, with the potential weekly increases in your bed fees, it would still pay for itself many times over. But it doesn't.
Neither will your investment be the same as a care home with twice as many beds. Your investment in this tool will be relative to the number of beds you have and will cost the equivalent pence per bed per week.
Having said that, I want you to be sure that this tool is going to work for you. I want to eliminate any doubts that you may have.
Try the Quality of Care Care Fee Calculator for
90 days for free.
Use this free 3 month trial to review all your current resident fees and see if they cover your costs and return the profit your care home needs.
And then use the tool to help you win the outcome you want in a client review.
That's 90 days to really try out the tool and see for yourself the difference it can make to your care home.
After your 90-day free try-out, should you then decide that for whatever reason this tool is not for you, simply let me know and your card won't be charged.
But with the 90-day free try you really have nothing to lose and potentially everything to gain because…
The Quality of Care Care Fee Calculator can literally help turn a financially struggling care home into a financially secure care home.
Imagine being able to set fees that you KNOW are right – fees that cover your heavy costs, that cover the care people need and that return the profits your care home needs to be financially sustainable.
No more stress and sleepless nights worrying about rising costs and the cost of the care your residents need and whether you are heading down the road to financial ruin.
And because you are setting and receiving the fees you need, you know that your care home is generating the required revenue and profit to ensure that it will be valued correctly should you decide to sell it at some point in the future.
And because you can try it out free for 90 days, you really do have nothing to lose and everything to gain.
Stay Financially Healthy
Accurately set the fees you need that returns the profit your care home needs and keeps it financially healthy.
Eliminate Guesswork
No longer accept a fee hoping it will be enough to care for your client and your business. Present a fee that you know will.
Ensure You Cover Your Costs
Establish your monthly running costs and know the minimum cost (breakeven point) of each resident before any extra care and your profit is added. Accurately calculate the cost for all the extra care a person needs so you know you can afford to deliver that care and not hope you can.
Compare the Financial Impact of Your Fee with a Fee Your Referrer Wants to Pay
Instantly compare how much profit or loss you will make weekly and annually on your calculated fee versus a fee your referrer wants you to accept.
Negotiate for Your Fee from a Position of Strength
Have the visibility and clarity needed to justify your fee regardless of any objections from your commissioner who will think they know what your costs should be because of the Fair Cost of Care initiative and who will do all they can to reduce your fee to what they think is enough.
Create Accurate Quotes in Minutes
The running costs you enter apply to all subsequent quotes you create. Create a new quote, enter any extra care needed and target profit, and your fee is calculated for you.
What do Other Providers Think of the Care Fee Calculator?
Given Me the Confidence to Request the Right Fees
"I can highly recommend the bed fee calculator. It has shown me what my fees should be and given me the confidence to request the fees we must charge to continue as a sustainable business."
Rebecca Cork, Home Owner.
Worth Every Penny
"As a small care provider I can honestly say it's been worth every penny. It has made calculating our costs so much easier. Additionally, it has highlighted to us the severity of the shortfall in funding from the LA and given us a sound platform to start negotiations from hopefully enabling us to futureproof the business, staff jobs and the service for residents both present and future."
Ben Jourdan, Director.
Resulted in Us Receiving the Right Fees
"Being able to prove the cost of the care we need to deliver the care needed and sticking to our guns has resulted in us receiving the right fees."
Kate Collins, Home Manager
Gives Me the Confidence to Challenge and Get the Fee I Need
"Having spent years putting together quotes based on what authorities were willing to pay, I now have a tool that gives me the confidence to challenge and ultimately get the fee I need."
Stephanie Smith, Home Manager.
Frequently Asked Questions
Do you have questions about the Care Fee Calculator? See the list below of our most frequently asked questions. If you want to asked another then please do contact us.
Who should use the Care Fee Calculator?
The Care Fee Calculator is for those who own or manage care homes, whether a residential home or a nursing home for people with high-end needs.
I'm not IT savvy - is it hard to use?
The Care Fee Calculator takes you through the usual steps you should take to create an accurate quote. We've worked hard to make it flow in a straightforward, easy to use way. Should you be unsure, we have a number of videos and a user guide to help you and our support email should you still have a question we hadn't covered.
Do I Need to download any special software?
No. Provided you have access to the internet and a web browser you can log into the Care Fee Calculator from anywhere and use all its features.
Do you offer an enterprise plans if we have more than 5 care homes?
Absolutely, contact us a and let us know how many care homes you need the tool for and we will come back to you.
How do I cancel before the end of the Free Trial?
You can cancel your subscription at any time during the 90-day trial period. Just email us at support@qualityofcarecalculator.co.uk and we will cancel your subscription for you.
Do you offer an Enterprise Plan if we have more than 10 care homes?
Absolutely, contact us and let us know how many care homes you have and we will come back to you.
Of course, instead of trying out the Quality of Care Care Fee Calculator you could:
• Wait and see what is going to happen - but you know that even before the Covid and Putin the sector was seriously underfunded for a decade.
• Hope that your customers - local authority and ICS - will increase your fees. Hmmm…
• Carry on as you are and struggle to convince your commissioners that you need a higher fee because you don't have the numbers to back you up.
• Continue to stress as to how you're going to change the situation.
Or you can take control and change the situation now.
The results this tool can give you will justify the investment and can even pay for itself several times over before the free 90-day trial is up.
You're not just investing in a software tool, you're investing in the future of your care home.
Isn't that worth checking out?
It just takes a click.
Sign-up now for the Quality of Care Care Fee Calculator, try it out for no cost and start the journey to getting the right fees for the care you deliver and the right fees to secure the future success of your care home.