The Challenge daily margins

Plancare was scaling fast—but profit tracking wasn’t keeping pace. Management only reviewed finances monthly, using bulk revenue and expense data to assess performance. But with rising caregiver wages, fuel costs, and service variability, they had no clear insight into daily profitability. Some services were priced too low to cover costs, while others were overstaffed. Without real-time visibility, poor-margin days went unnoticed until it was too late—hurting both strategy and profitability.

The Solution

Plancare implemented Care20’s Daily Margins feature to bring instant clarity to their financial operations. The feature provided:

  • Real-time margin tracking per day, service, or shift
  • Automatic cost calculations (wages, travel, shift differentials, overtime)
  • Daily dashboards showing profit/loss by care type and caregiver
  • Visual trends to help forecast low-margin days in advance

Data was pulled automatically from Care20’s shift logs, visit tracking, and payroll modules—no manual entry needed.

The Results

In just six weeks, Plancare saw measurable results:

 

  • Identified and adjusted 4 underpriced services, improving profitability
  • Reduced low-margin weekend shifts by 30% through optimized scheduling
  • Boosted overall daily margins by 18%
  • Created daily reports for management to act faster on financial issues
  • Enabled the finance team to move from monthly reporting to real-time monitoring

Testimonial

“Care20 gave us what spreadsheets never could—real-time financial awareness. We know exactly where we’re losing money and where we’re growing. It’s helped us course-correct in days, not months.”
— Sameer Kulkarni, Finance Director, Plancare Nursing Solutions

Conclusion

With Care20’s Daily Margins feature, Plancare shifted from reactive accounting to proactive profit management. By tracking performance as it happens, the company now makes smarter operational decisions, sets better pricing, and ensures every day is a step toward sustainable growth.