Home Care: Doors Open

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.

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.

LinkedIn: https://www.linkedin.com/in/dana-charumbira-550514a

Website: https://thehomecarecpas.com/