Caresafe Financial Future
CareSafe’s Financial Future
Currently, CareSafe Foster Systems have a good solid budget with a surplus/deficit of $66,800. The problem foreseen is with the group therapy counseling part of the program. The total variable expenses of $488,000 and the revenue amount of $500, 000 leaving Caresafe Foster Systems with a contribution amount of only $12,000. This could become a problem if the expenses increase for some unforeseen reason and the cost per visit remains the same, which would cause the contribution to be lower than $12,000 or no contribution at all. No contribution would put CareSafe group therapy counseling at risk to keep this part of the program available. In the future to prevent this from happening would be to increase the cost per visit of group therapy counseling. Increasing the cost of group therapy counseling would increase the total of revenue minus the total variable expenses would increase CareSafe Foster System contribution for group therapy. Making those changes to the group therapy counseling part of the program would put CareSafe Foster System in a better financial position to continue to provide their clients with the best treatment and services.
CareSafe Foster Systems Overall Budget Individual Counseling Group Therapy Parent Consultation Home Assessment Total Number of Visits 4000 5000 7000 7000 Price per Visit 160 100 90 55 Total Revenue $ 640,000 $ 500,000 $ 630,000 $ 385,000 $ 2,155,000 Variable Expenses per Visit Social Worker minutes per visit 55 50 25 10 wage per minute $ 1.40 $ 1.40 $ 1.40 $ 1.40 total expense per visit $ 77.00 $ 70.00 $ 35.00 $ 14.00 Administrative Assistant minutes per visit 10 15 15 10 wage per minute $ 1.00 $ 1.00 $ 1.00 $ 1.00 total expense per visit $ 10.00 $
Currently, CareSafe Foster Systems have a good solid budget with a surplus/deficit of $66,800. The problem foreseen is with the group therapy counseling part of the program. The total variable expenses of $488,000 and the revenue amount of $500, 000 leaving Caresafe Foster Systems with a contribution amount of only $12,000. This could become a problem if the expenses increase for some unforeseen reason and the cost per visit remains the same, which would cause the contribution to be lower than $12,000 or no contribution at all. No contribution would put CareSafe group therapy counseling at risk to keep this part of the program available. In the future to prevent this from happening would be to increase the cost per visit of group therapy counseling. Increasing the cost of group therapy counseling would increase the total of revenue minus the total variable expenses would increase CareSafe Foster System contribution for group therapy. Making those changes to the group therapy counseling part of the program would put CareSafe Foster System in a better financial position to continue to provide their clients with the best treatment and services.
CareSafe Foster Systems Overall Budget Individual Counseling Group Therapy Parent Consultation Home Assessment Total Number of Visits 4000 5000 7000 7000 Price per Visit 160 100 90 55 Total Revenue $ 640,000 $ 500,000 $ 630,000 $ 385,000 $ 2,155,000 Variable Expenses per Visit Social Worker minutes per visit 55 50 25 10 wage per minute $ 1.40 $ 1.40 $ 1.40 $ 1.40 total expense per visit $ 77.00 $ 70.00 $ 35.00 $ 14.00 Administrative Assistant minutes per visit 10 15 15 10 wage per minute $ 1.00 $ 1.00 $ 1.00 $ 1.00 total expense per visit $ 10.00 $