Re: Caregiver rate of pay

From
Sharon Speirs <sspeirs@thekey.com>
To
Timothy Thomas <tt@thekey.com>
CC
Elizabeth Manjarrez <emanjarrez@thekey.com>, Anna Ranay <aranay@thekey.com>, Angie Kunnath <akunnath@homecareassistance.com>, Chuck Terlesky <cterlesky@thekey.com>, Joey Taylor <joey.taylor@homecareassistance.com>
Date
2022-09-08 10:07:46
Folder
INBOX
--000000000000b70eea05e82d784e Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Morning, Yes we need to keep the margins which currently are pretty healthy at 48 % ( The Loving Home Care additions brought the margin down) but jumping to $40.00 could be challenging. I do think a range where it depends on complexity, number of hours ,location etc makes sense and moving it to 38 -42 would be an easier sell. Sharon On Thu, Sep 8, 2022 at 9:45 AM Timothy Thomas wrote: > According to your competitor shop, Home Instead is well over $40/hour. I > think this is where we need to be in order to get our caregivers in the l= ow > 20s and preserve margin. Thoughts? Personally I like Nurse Next Door's ra= te > range of $39-43/hr... > > On Thu, Sep 8, 2022 at 12:35 PM Elizabeth Manjarrez > wrote: > >> Good morning, >> >> Yes, the last competitor shop was done in the summer. We certainly can d= o >> another one, but at a glance at the current ads from other companies, th= e >> average pay right now is $20/hour plus benefits. >> >> I'm busy today with training, but I can coordinate with Anna to do some >> calls between today and tomorrow. >> >> On Wed, Sep 7, 2022 at 5:09 PM Sharon Speirs wrote: >> >>> Thanks for responding Tim as it is late there! >>> >>> We did a competitor shop recently for both wages and pricing- I will >>> find it and send it to you but it was before the summer so might be tim= e >>> again. >>> Our rates are $37.50 per hour with credit card and $36.50 if the client >>> pays by EFT. $40.00 per hour if under 20 hours per week. Our rate for a= ll >>> facilities is $36.00 including VCH. >>> We pay caregivers $20.00 if registered but only if they work for the VC= H >>> clients. >>> Elizabeth and I will discuss tomorrow as we need caregivers right away >>> so if we have some leeway it could help as we have a pool of deactivate= d >>> caregivers that we might be able to entice back. >>> Sharon >>> >>> >>> On Wed, Sep 7, 2022 at 4:59 PM Timothy Thomas wrote: >>> >>>> Thank you both for bringing this to my attention. >>>> >>>> Firstly i would recommend we do a competitor shop to assess their >>>> payrates. Perhaps Anna could do this tomorrow? Sharon please ask her a= s >>>> chuck is off tomorrow. I=E2=80=99d also like to know if we have shoppe= d billing >>>> rates recently, if not lets get that done asap as well. >>>> >>>> In the meantime i would recommend increasing your pay scale to $19-$22 >>>> to see what that yields and lets reassess when the shop is complete. @= angie >>>> ill let you make the final call here once the data comes through. >>>> >>>> Sharon, remind me the billing rates you're quoting for consumer and VC= H? >>>> >>>> We dont want to be turning away any business for a few dollars at this >>>> stage even if we have to take a hit in margin. >>>> >>>> On Wed, Sep 7, 2022 at 7:35 PM Sharon Speirs >>>> wrote: >>>> >>>>> >>>>> Hi Tim >>>>> >>>>> I wanted to let you know that we as well are struggling 

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