Whatever your position in the market place, wherever you are in your business lifecycle, financial modeling is an outcome-based imperative, otherwise you’re directionless and reactive. Financial modeling provides you will a mathematical foundation where upon you can direct, guide, and build your recovery operation with level confidence that allows you to make sensible meaningful decisions. Without financial modeling, you’re gambling on opinionated speculation.
How do you determine what areas of your business requires modeling? Simple. Anything and everything that affects your bottom line. Marketing, admissions, outreach, operations, clinical, capital equipment, and overhead costs. It’s surprising how many mid-size recovery operations are flying by the seat of their pants, with no real understanding where they are heading because they have not gotten a grip on their numbers.
Many recovery operations have gotten away with this in the wild west of addiction and mental health treatment centers in the past. With new players, new regulations, and a consistently rising demand, those days are over. With competition pouring in, legislation being passed, and insurance companies doing all they can to place a stranglehold on claims, only businesses that are keenly aware of their financial positioning within this market place will survive.
We at Recovery Marketing Consultants understand the critical need to financially predict the future. We can provide you will a mathematical foundation of certainty as you pioneer and forge your path within the addiction and mental health industry.