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Revenue cycle management

The Importance of Strong Revenue Cycle Management in Senior Healthcare Communities

Revenue cycle management support sounds like a mouthful, but it is a crucial part of maintaining long-term sustainability and capacity as a senior living and healthcare community. Revenue cycle management encompasses the financial process healthcare facilities use, from initial admission of a resident to the final payment of an outstanding balance. The need for revenue cycle support occurs when trouble...
 

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Uplands Village

Paradigm of a Full-Service Management Contract at Its Best

Uplands Village is a progressive Life Plan Community located in Pleasant Hill, Tennessee. This vibrant community is part of a three-year, full-service management contract with United Church Homes Management and is a prime example of what a partnership with UCHM can look like. Over the past year, we’ve assisted this nontraditional senior living community with developing a plan for long-term...
 

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The State of the Senior Living Market

The State of the Senior Living Market

The population of older adults living in the U.S. is growing at an unprecedented rate. According to a 2019 report by Love & Company on senior living trends, more than 76 million baby boomers will start making post-retirement life choices by 2025 and beyond. The sheer number and spending power of the boomers make this financially savvy demographic important prospects...
 

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Types of Management Relationships in Senior Care Communities

The Types of Management Relationships in Senior Care Communities

When your senior living community is at a crossroads and it’s time to consider options for the future, do your research on the types of management relationships you can form with trusted partners. These relationships can help you to navigate the road ahead, providing varying levels of management and support along the way. There are many types of relationships that...
 

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What Care Communities Need to Know about Sustainability and Capacity

The population of older adults living in the U.S. is in the midst of unprecedented growth. In fact, a 2019 report by Love & Company on senior living trends predicts that more than 76 million baby boomers will start making post-retirement life choices by 2025. There are a bevy of opportunities for senior living providers in the years to come....
 

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Woman having discussion with team

Board Governance in Nonprofit Senior Healthcare Communities

Guiding senior healthcare communities toward sustainability in today’s chaotic healthcare environment The role of a board within a nonprofit organization encompasses three components: Duty of care: exercise diligence and act in good faith Duty of loyalty: avoid self-serving behavior, avoid mismanagement and maintain confidentiality Duty of obedience: remain faithful to the organization’s mission and goals and use donations to fulfill...
 

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Person using caculator

Improving Cash Flow in Your Senior Living Community

Historically, senior living housing providers do not enter the business to make a profit. As a society, we have a moral responsibility to house and care for older adults. But whether you operate a for-profit or nonprofit community, it’s imperative to keep a close watch on budget and cash flow. Many nonprofit operators traditionally would have a lot of waste...
 

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