FM helps to improve profit margins and ability to review the financial status and room occupancy level at Group, Regional or Home level.Finance and Business Management Solutions(FM) - an invaluable web-based care home management system which allows you to obtain a comprehensive overview of operations in all your care homes with the click of a button. The reporting functionality allows reports such as Revenue per bed/home, comparison of occupancy rates and waiting lists to be generated easily whenever you like.
FM helps to improve profit margins and ability to review the financial status and room occupancy level at Group, Regional or Home level. FM features Room Booking, Room Allocation & Admissions, Contractual and Variable Invoicing for various service types, Accrual and Pre-payments, Fees contract and Uplifts, Adjustment documents, Audit Trail and Document, Block booking, Tracking of unpaid invoices and Managing Service Users personal money.
It is easy and intuitive to use - you only need to enter basic details and it does the rest! It is built on the following key features:
- Care management provides a paperless administration system for your enquiries & service users with features such as room booking, admission, discharge and transfer.
- Care invoicing brings you extensive features, including the ability to incorporate and manage multiple funders, billing cycles and credit notes, in an easy-to-use system.
- Integrated messaging facilitates effective and easy communication among users.
- Interactive Dash Board and Extensive Document Library
- Full control and secure view of financial status at Head office, Regional and Care Home level
- Occupancy rate for each home
Exhaustive Group reporting is the another feature of Finance management. Some of them are;
- Weekly Gross revenue per home.
- Revenue per bed.
- Average weekly fee per bed and by service type.
- Average weekly fee per home in the group.
- Revenue per week / per home for 12 weeks.
- Enquiry for the room availability.
- Group waiting list.
- Rooms vacant in each Care Home.
- Tracking of unpaid Invoices.