It seems like many disability providers are looking for faster horses with their NDIS preparations focused on organisational survival and unit costing. While it's vital to understand the financial underpinnings of services, Roland Naufal explores how a focus on unit costing may ultimately kill your organisation.
NDS and the Curtin University Not-for-profit Initiative have developed a practical learning program aimed at increasing costing and pricing skills for disability service providers across Australia.
Central to the viability of businesses is in the NDIS is identifying the true unit cost of service provision. One of the easiest and most effective ways of doing this is by developing a ‘calculation engine’.
Because you will get paid in arrears, cash flow is vital in the NDIS. The NSW Government Industry Development Fund (IDF) has a suite of resources to assist organisations to identify, forecast and control the flow of money coming in and out of your business.
If you're feeling entrepreneurial, these ADHC tools and resources examine the potential role of loans for service providers to transition to the NDIS.
Understanding your cost base is essential to NDIS survival. The NSW Government Industry Development Fund (IDF) provides an Excel based unit costing tool and related resources, as well as exploring unit costing software options.