Senior care: Financial compliance & governance

Maximize the balance between senior care compliance and sustainability

Amid a landscape of changing assisted living regulations, senior living facilities have shifted their focus to now understanding and complying with funding stream programs critical to financial survival such as Provider Relief Fund (PRF) and Paycheck Protection Program (PPP) loan forgiveness. In addition, continuing to navigate Patient-Driven Payment Model (PDPM) implementation will enhance care and help simplify a complex payment system. Balancing these policies to spur growth with existing tax, audit, CMS, HHS, and HRSA federal and state regulations for assisted living communities calls for heightened due diligence and new thinking.

Financial survival depends on your ability to evaluate, interpret, and react timely with the future in focus to mitigate risk and stay compliant. Is your senior care organization minimizing challenges and maximizing benefits? Read on for expert guidance on navigating the complexity and ensuring compliance with assisted living requirements.

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