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Compliance Audit
for Allied Health Practices
Mastering Wage Costs and Forecasting Profitability
BY Norelle Pratt
April 2024
Are you an Allied Health practice owner who sometimes feels overwhelmed by the financial complexities of managing staff?
Do fluctuating wages, leave absences, and the eternal "contractor vs. employee" debate leave you wondering about your bottom line? If so, you're not alone.
What Can the Profitability Worksheet Do for You?
- Annualize Wage Costs: Accurately project your annual wage expenses based on your staff's rosters.
- Forecast Revenue: See how different levels of utilization and price points impact your revenue projections.
- Compare Employment Models: Analyze the cost differences between casual, part-time, and full-time employees.
- Develop Commission Structures: Compare wage costs vs commission percentages to develop an a fair and sustainable bonus system
All of this information will help you easily see how much you can afford to pay your therapists or whether you need to implement a price increase or work on bookings
Recently, I spoke with a client who shared similar concerns. She was struggling to understand the true cost of her employees and how it impacted the clinic's overall profitability.
That's when I introduced a powerful tool: the Profitability Worksheet
This simple yet comprehensive worksheet has changed the game for my clients - its been so great I've even run webinars and training sessions with multiple business coaches in the industry.
Everyone has been amazed at the insights and its simplicity, and even wondering why their accountants hadn't offered this level of financial clarity before.
The Profitability Worksheet is designed to take the guesswork out of managing your practice's finances. By following the step-by-step instructions (including a helpful video guide), you can input your specific data into the highlighted cells and instantly gain a clearer picture of your financial landscape.
Download the Worksheet Today!
I understand that spreadsheets and numbers aren't everyone's cup of tea. That's why this worksheet is designed to be as user-friendly as possible. Download it now and take the first step towards mastering your clinics finances!
I understand that spreadsheets and numbers aren't everyone's cup of tea. That's why this worksheet is designed to be as user-friendly as possible. Download it now and take the first step towards mastering your clinics finances!
GET YOUR COPY HERE
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