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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Senior care: Financial compliance & governance insights

Healthcare worker sitting with a middle-aged patient holding their hand and smiling.

February 23, 2022

Long-term care facilities may qualify for employee retention credit

Many senior living and long-term care organizations may have overlooked eligibility for the employee retention credit. A closer look at a government-mandated partial suspension of operations, as well as the definition of “small employer,” could result in savings. Here’s how.

Article / 3 min read

February 18, 2022

HRSA PRF Period 2 reporting: Should you change your methodology?

Provider Relief Fund Period 2 reporting is here and the Health Resources & Services Administration is permitting reporting entities to change their methodology for lost revenue calculation. Here’s how to determine the impact to your organization.

Article / 2 min read

Doctor in a protective facemask examining a middle-aged patient.

July 16, 2021

HHS updates guidance on PRF single audit timing and amounts to be reported on the SEFA

HHS has released updated guidance within the CARES Act Provider Relief Fund FAQs that addresses single audit timing and amounts to be reported on the SEFA. Here’s what you need to know.

Article / 3 min read

Doctor in a lab coat reviewing information on a handheld tablet computer.

June 15, 2021

HHS issues long-awaited revised PRF guidance

The U.S. Department of Health and Human Services issued updated Provider Relief Fund guidance. Here’s what you need to know.

Article / 2 min read

A woman nurse leaning over and smiling at her patient

December 06, 2019

Think your nursing facility has adapted to PDPM? The hard work may just be starting

The Patient-Driven Payment Model is the biggest Medicare reimbursement overhaul in two decades. But for many skilled nursing facilities, the hard work is only just beginning. Here’s how providers can overcome some of the complexities via McKnight’s.

Article / 4 min read

Senior woman cheerfully speaking with her female caretaker in a senior living facility

March 29, 2018

Tax Reform 101 for Senior Housing Developers, Part 1

The Tax Cuts and Jobs Act (TCJA), is a significant piece of legislation and affects nearly everyone in the senior housing industry—no matter the size, specialty, market or corporate structure. Read more at Senior Housing News.

Article / 1 min read

Our services

Our senior care and living experts can help you evaluate and interpret regulations and reach a balance between compliance and business sustainability.

We’ll partner with you to:

Identify and interpret changing policy and senior living regulations, including the CARES Act and U.S. Department of Health and Human Services programs guidance.
Understand PDPM regulations and compliance requirements.
Minimize your tax burden, optimize tax benefits, and stay compliant with federal and state tax requirements.
Ensure compliance with state funding requirements to maintain consistency of funding streams.
Prepare for a single audit with a tailored risk-based audit process in response to your situation.
Produce year-end Medicare annual cost reporting.
Keep pace with policy and regulations to position your organization for success.

Learn more about our senior care and living services.

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