You can benefit from our experience serving 700 senior care and assisted living facilities
Organizations managing senior care and assisted living facilities are facing a myriad of challenges. Although the demand for services continues to grow, it is not linked to a stable bottomline. Because revenue per patient is largely controlled by big government programs, the only way to even out the debits and credits or produce a profit is to improve efficiency.
How do you improve efficiency?
Plante & Moran has a dedicated team of nurses, reimbursement specialists, management consultants, real estate advisors, healthcare consultants, and CPAs who know the senior care and assisted living industry and are dedicated to finding solutions that you increase the quality of care and at the same time improve efficiencies.
They can provide you with a menu of services that range from debt capacity and feasibility studies to cost reporting, reimbursement, and clinical consulting.
Our healthcare specialists bring hands-on knowledge of senior care and assisted living facilities and the experience and skills to customize operational and financial strategies to meet your particular challenges while allowing you to grow.
Optimizing reimbursement; training for efficiency
With the increasing pressure on nursing home margins, it is imperative that providers obtain accurate Medicaid and Medicare reimbursement, as well as other third-party payers. You can depend on Plante & Moran healthcare consultants to keep you informed of current reporting requirements and issues, prepare your cost reports, and analyze and interpret them to ensure optimum reimbursement is received and appropriate rates are being paid.
Besides ensuring payment for your services, we can help you with staff training essential to implementing new programs to improve efficiencies. Our clinical group can help you look at your operations and figure out what you can do improve, then train your staff to implement the changes.
Approaching your challenges from all angles
If your organization is trying to decide how it will cope with the aging baby boomers and their increasing demands for amenities, our capital projects experts can help your organization decide if you should upgrade current facilities or expand. And after that question is answered, they can help you decide how to finance your decision. They have worked on more than 100 projects totaling more than $1 billion.
If you are a not-for-profit and need help with new Form 990 compliance, you can call on us to document the story of your facility and its vision. If you are a sponsor of a 403(b) retirement plan for your employees, we can help you with new compliance issues, including plan documentation and financial statement audits.
We can improve your health
Plante & Moran has a dedication to service that you will notice immediately when you begin to work with your organization. The firm’s philosophy is to put clients first. In keeping with that we have an award-winning culture and the highest staff retention rate in the accounting industry.
For you that means, you will see the same healthcare consultants on your projects and they will develop an institutional knowledge, so you don’t have to answer a lot of unnecessary questions and they can customize their solutions to exactly fit your challenges.
