financial

Our financial solutions are tailored specifically for the healthcare sectors including corporate planning, funding, management accounting, budgeting, cash flow and payroll solutions which include specific key performance indicators for your care business or investment.

Management Accounting

Careport have vast experience of providing a management accounting service to clients. Why are we different? Because we dovetail specific and tailored Key Performance Indicators (KPI) from our operational experience, the information becomes more focused and more relevant. Full KPI, Profit & Loss, Balance Sheet and Notes sections are produced on a monthly, quarterly or six monthly basis to suit your business needs.

Financial Management

If you are looking for a full financial solution, our Financial Services team can not only produce management accounts but also provide a hands on financial management service on a day to day basis. This includes management of your sales and purchase ledgers, chasing debtors and ensuring cash collection is kept up to date along with dealing with stubborn debtors. Our global reach also assists us in improving margins and supplier prices by use of our group purchasing power. We also work with dedicated partners to further add value with your consent with regards to central purchasing, time and attendance and in home management systems to streamline the process of financial management.

Payroll

The final piece to sound financial management is making sure your staff are paid on time and accurately. Our payroll solutions range from in house payroll for smaller clients for a cost effective solution to Careport management of payroll with a payroll bureau partner for larger clients. Our solutions include dealing directly with payroll queries from staff and ensuring end of year returns and end of employment returns are also supplied such as P60, P11d and P45 for staff as required.

Budgeting & Cash Flow Assessment

Careport have a comprehensive monthly care home budgeting model that builds up a monthly profit and loss account, cash flow and balance sheet from resident income, payroll and supplier costs centre assumptions upwards. This provides a robust budgeting model for each care home we work with which can be consolidated at group level and integrated to provide Head Office costs where applicable. The model is essential for ensuring you have visibility of business performance, debt service, investor return and re-investment dynamics covered. And if you use our management accounting services, we compare the budget to actual performance for you.
In addition, our ongoing management accounting services include rolling short term cash flow forecasts (daily and weekly forecasting) and covenant testing on behalf of you, your bank and investors.

Funding Solutions

Whether you require refinance, restructure, development finance or acquisition finance, our Financial Solutions Team work with healthcare funding and investment partners along with restructuring partners to ensure a tailored funding solution is put in to place fully meeting your business needs.

Business Planning, Acquisition & Disposal

Whether you are thinking of diversifying your business, cutting costs, developing the business by way of acquisition/development or looking to retire or sell your care business, Careport are able to step in and assist you.