PDT #157 - What Do 37 Private Duty Executives Have In Common?

Getting Your Private Duty Business Ready for 2010                          December 2, 2009

Private Duty Today

Jason Tweed, editor of Private Duty Today 

Welcome to Private Duty Today, the bi-weekly electronic newsletter for Private Duty Home Care Leaders from Leading Home Care ...a Tweed Jeffries company.

I'm Jason Tweed, Director of Business Development for Leading Home Care, and Editor of Private Duty Today

Private Duty Today is published every other Wednesday, and currently goes to over 8000 subscribers.

Private Duty Today
is a permission-based newsletter.

 

 

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At this very moment, they are getting ready for the future! In Louisville, Kentucky, 37 private duty executives are participating in the Academy for Private Duty Home Care, a full-day workshop led by Stephen Tweed. These executives have taken time out from the busyness of business to focus on creating their future and tracking their success.

The next
Academy for Private Duty Home Care will be held January 22 in South Florida. Don't miss it.

 

 

What do 46 million turkeys have in common?

They were consumed on Thursday by American seniors and their families. It makes me wonder how many of those families were getting together and wondering how they're going to care for the matriarchs and patriarchs of the gathering next year.

 

After enjoying your turkey and mashed potatoes, and perhaps a nap and a football game, you're back in the office this week and beginning to think about next year as well. How are you going to care for those matriarchs and patriarchs in your community?

 

When thinking about 2010, I encourage you to focus on the Three Pillars of Private Duty Home Care; people, promotion and profitability. Ask yourself these questions?

  • In 2010 what am I going to do to improve recruitment, selection, and retention of caregivers and other staff?
  • In 2010 what am I going to do to improve sales, marketing, public relations, advertising and branding?
  • In 2010 what am I going to do to improve my business processes, improve employee productivity, increase revenues and improve margins?

None of these questions have easy answers, but in my experience questions with easy answers usually aren't worth the asking. Here, however are some of my thoughts.

 

 

The People Pillar

With undeniable consistency the most successful private duty companies are the ones with the best people, both inside the office and out in the field. Furthermore, quality is a moving target. The long-term winners are the ones who are constantly looking for ways to improve their teams and their body of caregivers.

 

At one point in time, most families were not choosing from among a group of home care companies. They were simply evaluating an individual agency and their choice was "to buy or not to buy". We are seeing an increasing trend however where more informed consumers are asking tougher questions. Families are "interviewing" two, three or four home care companies before making a decision. We expect this trend to continue, and in fact, we encourage it. The more people shop, the better the home care industry becomes, and that benefits all of us.

 

Furthermore, quality people encourage more word-of-mouth promotion, the most effective and least expensive promotion possible.

 

A terrific guide for improving recruitment, selection, and retention was published just two weeks ago on our own website.

Get the Best: Nine Steps to Hiring Quality Caregivers and Improving your Bottom Line in Private Duty Home Care

 

 

The Promotion Pillar

Some of you are guilty of using a promotion technique that I call "Killing Zombies with a Shotgun", it's simply spray and pray!

 

I apologize for the visual imagery, however it's important to to realize there is much more to promotion. The magic is in the mix. Look at each element of your promotional mix and identify areas to improve.

  • Should you be increasing your advertising budget?
  • Is your entire staff trained on the basics of selling your product?
  • Do you have an active press release or public relations campaign?
  • Where are the gaps in your branding?
  • Does your website generate sales?
  • Are your printed materials accurate and up-to-date?
  • Are your packages of service clear, and do they demonstrate benefits and value?
  • Finally, are you able to track your return on investment of each promotional process?

Here's the authoritative guide for improving your brand awareness and community networking.

 

 

 

The Profitability Pillar

Improving profitability has two phases, identifying and implementing best practices. One of the critical roles Leading Home Care plays is in the identification phase.

 

In the People Pillar our research identified "selection" as the weakest area of practice. The result of that research led us to create the best technology available for improving caregiver selection, our Caregiver Preemployment Assessment System.

 

In the Promotion Pillar our research indicated that most of you were using community networking as your primary marketing technique. The biggest opportunity for growth was direct sales to high income families. And we identified the trend toward Web Centric Marketing three years prior to heavy utilization in home care. In all of these areas we were able to develop products, e-books, and seminars that have guided leaders into the future.

 

And now, we embark on the most in-depth research in our company history, and its focus... Profitability. The result will be the most clear and concise set of benchmark data in private duty home care. I strongly encourage you to participate in the 2009 Private Duty Home Care State of the Industry Survey. By sharing your own data you're going to be part of the process that will shape the way private duty the years of tomorrow understand productivity, return on investment, profit margin and revenue growth.

Visit the 2009 benchmarking survey launch page at www.privatedutytoday.com/survey

 

 

What do two 7 1/2-year-olds have in common?

Me.
 
I want to offer a quick note of Thanksgiving. If it were not for caregivers, home care executives, and support staff like you, I wouldn't be able to do the things I do. This 39 1/2-year-old wouldn't be able to get out of bed, much less earn a living, care for my family, play with my dog, participate in my community, or write this newsletter.

 

For that, on behalf of Ainsley Grace and Jason Andrew, my wife Kristen, my staff and even Max, my Labrador Retriever, I want to say thank you for doing the things that you do.