Financial success and sustainability are at the heart of the fiduciary responsibility duty. Physician leaders must balance the potential conflict between their Hippocratic Oath and fiduciary responsibility. ...
Owners & investors: Must-have survival discussions to have with operators on managing SNF assets
By
Alex S. Paley, MPH
Sep 22, 2022
The “new normal” for those who operate skilled nursing facilities is not so new anymore. Staffing and labor shortages that at one time would have been labeled as unthinkable are now the everyday...
How to keep LTC facilities financially healthy
By
Jim Davis
Jun 15, 2022
Long-term care facilities have always operated on razor-thin margins — then came the pandemic. The virus ripped through nursing and assisted living facilities. Families tragically lost loved ones and...
Why we need to audit our way into cost savings
By
Michael Wilson
May 05, 2022
Long-term care facilities are getting whammed by inflation. Everything they purchase, from food to nursing supplies, has gone up in recent months. Meanwhile, staffing costs have also jumped tremendously...
The importance of understanding healthcare finance
By
Lyle Solomon
Sep 27, 2021
The amount of money that gets wasted in healthcare facilities can be shocking, especially to healthcare personnel that are unaware. While it may be your primary duty to care for your residents, medicine...
AvidXchange launches A/P, payment solutions for LTC
By
Kimberly Marselas
Nov 19, 2019
AvidXchange, already a leading provider of accounts payable (AP) and payment automation solutions, is launching AvidPay and AvidInvoice for the long-term healthcare and social...
The top 11 questions all operators still have to answer in 2018
By
Derek Pierce
Mar 23, 2018
There are many factors that determine what can or must be done to ensure a facility can survive and ultimately thrive. These 11 questions help to indicate the stability and sustainability of a facility...
Worth the risk
By
Kimberly Marselas
Nov 06, 2017
Owners and operators of long-term care facilities can entice increasingly discerning financial partners into niche projects — if they go about it the right way
Senior living finance and strategy conference kicks off
Sep 05, 2014
The 2014 Ziegler Senior Living Finance + Strategy Conference takes place Wednesday through Friday and will focus on cutting-edge finance and strategic positioning trends affecting senior living providers....
A nudge toward budgeting
By
Elizabeth Newman
May 22, 2012
There is many a manager who has been told “work on the budget” and left to sink or swim. If that’s different in your facility — that is, if each nurse manager is giving a course in...