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Financial Strategies for Home Care Agencies with Dana Charumbira
Manage episode 450988000 series 3583028
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In this episode, I'm your host, Lucas Carroll. We have a special guest, Dana Charumbira, the Managing Director at Home Care CPAs. With a wealth of experience in accounting and financial management, Dana shares her insights on the financial intricacies of running a home care business.
From startup challenges and effective tax structures to monthly bookkeeping and leveraging technology, Dana's expertise provides invaluable guidance for new and seasoned home care agency owners. Join us as we delve into financial planning, tax strategy, and operational efficiencies to help you thrive in the booming home care industry.
Timestamps
00:00 Accounting firm specializing in home care financials.
06:16 Optimize tax structures and technology for business.
09:33 Owners undervalue time, hindering growth and profitability.
11:15 Plan early to optimize taxes and finances.
16:20 Analyzing payer source mix, revenue fluctuation, and automation.
19:09 The Licensure process impacts home care startups significantly.
21:06 Keep fixed costs low and manage rent expenses.
24:18 Outsource tasks to avoid being overwhelmed in-home care.
Connect with Dana Charumbira
LinkedIn: https://www.linkedin.com/in/dana-charumbira-550514a
Website: https://thehomecarecpas.com/
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