Posts Tagged ‘PDHCASummit’
Private Duty Homecare Association Leadership Summit: Day 2 – Tuesday
Private Duty Leadership Summit’s General Session Keynotes
When Dr. Lance Secretan was introduced and he walked up to the front of the room and continued right past the podium where most speakers would take their station, we knew we were in for something different. Walking the floor with the audience, he engaged from the very beginning. He led with, “We are going to talk about inspiration.”
He discussed leadership as an old concept with a missing piece, which is inspiration. How can you inspire others if you, yourself are not inspired? To dive into that concept, he talked about motivation and how we often as a society confuse motivation with inspiration. We have built companies, incentives, etc. on motivation, which is a fear-based concept. Dr. Secretan encourages us to throw this idea out and shift thinking toward inspiration. To be inspiring to others and to yourself, you must change the words you use. Inspiring words are those with compassion, care and love. “Love leads to inspiration.”
Dr. Secretan asked, “How do you run a healthcare business when the game around you changes all the time?” Take a good look at your leadership team. He stated that because we are human beings, all leadership teams are dysfunctional to some extent. The first thing we need to do is align and correct these teams. To do so, ask three questions and have everyone in the leadership team share these responses with each other.
- Why am I here? This is your destiny.
- What is my calling? This is your calling.
- How will I be? This is your character.
This is called the “Why Be Do.”
Another major component of Dr. Secretan’s insight had to do with the concept of Permission Space. What will people allow you to do? What is accepted by your customer base? You will be given permission to be great if you do these things. As an agency, figure out what those things are, plot them on a map and follow it.
“Inspiration drives performance.”-Dr. Lance Secretan.
“Authenticity is the alignment of the mind, the mouth, the heart and the feet.” -Dr. Lance Secretan
Paul Kusserow, Humana
Paul opened with a powerful statement. He believes home care, despite the uncertain healthcare landscape, is an extraordinary business to be in—and will change the way we age.
He discussed how Humana took the principles of Dr. Secretan and changed the dynamic of the company. Fundamentally, Humana wanted to establish a continuum of care for their customers. They wanted to start the dialogue about wellbeing with customers before they were ill. They believed this was in their permission space.
To this end, Humana began to research their customer base to see what their customers’ impressions of wellbeing were.
Through this process, Humana realized that they wanted to be “all things senior.” They see a great deal of opportunity for home care companies in telehealth and helping families become a part of the care process. Agencies should think about how to expand their influence. He concluded with, “Humana wants to inspire people to be the best they can be and partner with them to do that.”
Make sure to see Val J. Halamandaris’ recap of his thoughts on the keynote speakers at http://youtu.be/NbsU5jzQNDU.
Education Sessions
PDHCA was honored to host a series of education sessions in the afternoon with dynamic content for attendees. For clips of the sessions, visit PDHCA’s YouTube channel at www.youtube.com/PDHCA.
Session topics included:
- Get more web visibility, traffic and leads
- New rules of home care growth in the post-recession age
- Negotiating the sale of a home care agency
- Legal issues concerning websites, blogs and social media
- Attracting and retaining the A+ caregiver
- Making sense out of private duty’s role in transitional care
- Focused networking as an art form that drives sales
- Obtaining insurance benefits for your clients’ care
- Quality & customer service: two sides of the same coin
Continue to follow PDHCA Conference updates at #PDHCASummit on Twitter and watch important video of conference speakers on the PDHCA YouTube Channel!
PDHCASummit, private duty, Private Duty Homecare Association
Private Duty Leadership Summit: Day 1 – Monday
This year’s PDHCA Summit introduced a new program, the pre-conference intensive, which focused on Operational Tools and Results. Everyone came prepared to learn, and there was great information for start-ups all the way to multi-million dollar agencies. Ginny Kenyon, of Kenyon Consulting, started out the intensive with an impactful statement for all agencies offering private pay services, “One service line in private duty will not cut it.” She encouraged the audience to think outside the box on ways to include creative ways to engage new, potential business. Here are some examples given:
- Mommy and baby programs
- Day of sugary support
- Cruise companions
- Home modification
- Holiday helpers
She pointed out that business is anything your customers are willing to pay for and that you can provide confidently. She also recommended that you heed caution when considering new services. In other words, give careful thought before launching. Make sure you follow state rules.
A big focus in the pre-conference intensive was the Operations Dashboard. Knowing where you are in terms of data will be the only way agencies can remain profitable and successful during growth. Agencies have to know what costs are: productivity of staff, cost of leads, cost of referrals, conversion ratios, average hours per new client, per active client, loss ratio, etc.—bottom line, you have to look at gross profit and net. A good operational dashboard will help you figure that out. According to Ginny, “Salespeople should be making 25 to 30 sales calls per week.” Additionally, she advises that agency owners should make sure salespeople know their “speak” when marketing to referral sources.
Next up was Patricia Drea, focusing on benchmarking. She recommended that small agencies (those with revenue under $500k) track key indicators such as:
- Lead tracking
- Lead conversion
- Monthly profit & loss
For agencies with $1M and above, Patricia noted that a referral analysis should be added. It is also at this point that she recommends following up with customer service surveys to make sure the quality of service is still there and allowing for measurement of change.
Once an agency moves into the $3M and up revenue category, a comparative performance between people on staff should be added. Scorecards and process improvement are necessary for improving performance, and Patricia was quoted as saying, “Make sure to continue to use benchmarking after implementing process improvements so you don’t slide backwards.”
Some of the numbers that agencies should pay attention to when benchmarking are the average number of hours per care recipient. This value lets you know if you are recruiting fast enough. Also, pay attention to profit margin. Patricia stated, “Industry standards say that the average profit is 15 to 20%.”
A big takeaway for the groups was this simple, but powerful statement, “You won’t make up profit margin with volume.
Patricia also recommended that office staff salaries and benefits should be 12 to 16% of total gross revenue.
A great take-away from the entire pre-conference intensive for all agencies is, “Private duty agencies need to become data-driven organizations.”
Scott Spangler wrapped up the morning session with a quote about the positive effects of having a functional operational dashboard, “The dashboard is a great tool to catch greatness.”
Continue to follow PDHCA Conference updates at #PDHCASummit on Twitter and watch important video of conference speakers on the PDHCA YouTube Channel!
