Tag: cremations

Business

The pandemic, health insurance and the effects on your business’ future

I’m one that always tries to gather information from whatever source(s) I can when I analyze anything.  As we’ve moved through the Covid-19 pandemic that has been a frustrating proposition, because from my point of view, I have seen analysis and decisions all become too political in nature and I have a hard time deciphering what to believe and what not to believe in what I hear. There is no doubt that funeral homes, funeral home owners, and funeral home […]

Finance

Park Lawn Corporation reports Year End 2021 — Revenues grow, Acquisitions total $125 million, tell of 5-year aspirations

Park Lawn Corporation (PLC) the public company whose website tells of the company owning and operating 138 funeral homes and 135 cemeteries located in 16 states and 3 Canadian provinces, reported their 4th Quarter and Year End 2021 results last week.  And, like other public companies they were able to report success in almost all financial categories in 2021. For instance, for the 4th Quarter of 2021 PLC reported (in US dollars) revenue of $78.15 million in comparison with revenue […]

Business

Who’s paying for America’s funerals?

Time has a way of changing one’s perspective.  I’ve told you before that I started in this business as a funeral director in 1980.  I was paid $1,000 per month and our funeral home conducted virtually 100% of our funerals in the traditional “casket, funeral, vault, burial” method.  I remember that the final billings, including cash advances, for funerals at that time to be about $ 2,500.  To someone being paid $1,000 per month that seemed like a lot of […]

Business Cremation

Considerations for a crematory

The Cremation Association of North America (CANA) showed statistics that cremation dispositions in the United States accounted for about 56% of all human dispositions in 2020.  I’m guessing that percentage will grow slightly for 2021 as it has every year for the past 40 or so years. CANA’s futuristic looking statistics, which have been pretty accurate over the years, show that at some point in about the next 20 years, barring regulatory issues,  cremation will be over 75% of all […]

Business

The Seasonality of Death

I came across this article titled, “It’s funeral homes’ busy season, here’s what to be careful for”.  Seeing that title I didn’t really know what to expect so I looked into the article.  It’s a short article with some good thoughts — one of those thoughts was entitled, “The Myth of Holiday Suicides”. Now, over my career I dealt with budgets based on what my banking friends tell me is the “Law of Large Numbers”.  I’ve always taken that to […]

Business Regulations

“Big Funeral” and some thoughts on “Universal Death Care”

The funeral profession has long had its critics.  Those of us in the profession have to understand that and know that from time to time we are going to be broadsided by those critics’ calls for change. Recently this article entitled “How ‘Big Funeral’ made the afterlife so expensive” was published in Wired.  It’s a good, if not one-sided, article that starts off by saying this, “You can’t die these days because it’s too expensive“.  It goes on to say […]

Business

Welton Hong: “Putting your Marketing Money into the Community”

Editor’s Note:  Today we bring you some information on marketing your funeral business in your own community.  This article is written by funeral industry marketing expert, Welton Hong.  Let’s look at local marketing opportunities that generate community goodwill while also getting your funeral home’s name out there. Here are some ideas to consider:  Sponsor a Local Sports Team Recreational sports leagues and youth travel teams have many expenses, including costs for uniforms, equipment, and maintenance for fields. They often turn […]

Cremation Preneed Regulations

Death care receives criticism on three continents

I’ve operated and managed a thriving funeral home.  If you’ve been there and done it. . . you know it is 24/7/365. . . .not many days go by when you don’t worry about something.  And, I’ve dealt with grieving family members, regulators, and the consumer movement too.  When you operate a community funeral home, there is a lot to do. . . . . and a lot of people who will tell you how to do it better — […]

Afternoon Edition

Hillenbrand announces leadership succession plan

Hillenbrand Industries, parent company of Batesville Casket Company, announced last week that current CEO Joe A. Raver will be retiring at the end of 2021.  The following day, Kimberly K. Ryan will succeed him as CEO of the company. In a press release that you can read here, Hillenbrand Chairperson Joe Loughrey describes Raver, “A steadfast and strategic leader, Joe has guided Hillenbrand since 2013. During his tenure, he played a significant role in transforming the Company from a $600 […]

Business Finance

Independent operators. . . . .know your value

Back in 1990 I spent about three days north of Vancouver, British Columbia, along the Campbell River fishing for salmon with a group of funeral industry people.  One of the days was spent in a small fishing boat with a gentleman about thirty years my senior who had spent almost his entire funeral service career as an acquisition target expert for the large corporate entities.  Suffice it to say, I listened and learned a lot about the mergers and acquisition […]