3 Major Problems of Using Outdated Technology — CTARS
HERE ARE THREE SERIOUS RISKS EVERY PROVIDER NEEDS TO CONSIDER:
1. PAYMENT CHANGES CAUSE CASH FLOW NIGHTMARES
The industry average of an agonising 41 days for payment—largely due to inefficient or manual processes—may have been a difficulty under the old payment regime. Under the new one—with payment delayed until after service delivery—the cash flow slow-down could sink your business.
2.INEFFICIENCIES INCUR EXCESSIVE ADMINISTRATION COSTS
This is already a problem for disability service providers. And it’s only going to get worse.
According to our research, administration costs for NDIS providers are running at astronomical levels – between 32-48% of revenue. Read more...
