The 6 Building Blocks of Senior Living Financial Architecture
A community’s viability depends on its financial architecture — a framework for financial success consisting of six building blocks: revenue cycle, expense management, staff retention, staff measures, resident experience, and building management.
Senior living budgets are more than just money in and money out. A community’s viability depends on its financial architecture — a framework for financial success consisting of six building blocks: revenue cycle, expense management, staff retention, staff measures, resident experience and building management.This white paper, created in partnership with Senior Housing News, explains how the six building blocks work together and highlights the benefits of a holistic approach to improve senior living operations — from revenue management to resident experience.
In this white paper, you’ll learn:
- How operators can use each of the six building blocks to drive success.
- The tools and tactics operators can use to protect rates and margins during occupancy recovery.
- How to price resident services for greater profitability.
- How operators can deliver on resident experience in new and innovative ways.
