Author: Lakisha Davis

It may seem obvious that your senior care organization needs to grow, but growth at any cost or growth of all kinds may not always be beneficial to the overall health of an organization — and, in some cases, it can be detrimental. Ensuring growth is sustainable and profitable is key. Read on to learn how revenue growth management helps senior living organizations achieve sustainable growth while maintaining profitability. Revenue Growth Management Basics In its simplest form, revenue growth management refers to the processes and practices a business puts in place to achieve sustainable and profitable growth. The key components…

The rise in life expectancy and shifting family structures has broadened what it means to provide care to aging communities. From independent living communities to skilled nursing facilities, the senior living ecosystem is an intricate web of services, amenities, and accommodation models. Strategic assessments for senior living guide organizations in managing these complex ecosystems to thrive now and in the future. What Makes a Successful Long-Term Business Strategy? A long-term strategic plan should identify and catalog the financial, human and technological resources required to achieve your organization’s objectives. This is done through thorough examination of investment priorities, staffing needs, skill…

The emergence of cloud-based financial software in the senior living industry is changing the way communities manage their financial health. Cloud-based solutions offer a level of efficiency and strategic insight not found in traditional options. For senior living management, financial security is as critical as the care provided to residents. More and more, the financial intricacies of running a senior facility are being managed not with stacks of paper and hours of manual labor but with the help of cloud-based financial software — streamlining the way accounting, reporting, and record-keeping gets done. Cloud-based accounting services have become a necessity. Communities…

The options for senior living have never been richer. We are living in a time where families are fortunate to be able to entrust the care of their loved ones to skilled professionals in communities that foster a sense of well-being, connection, and vitality. This new standard, however, means that the providers of senior care must continuously improve to meet and exceed the expectations of their residents. Creating a holistic care and living experience for seniors requires a broad set of skills that span traditional business functions, healthcare operations, hospitality, and other diverse specialties. Few industries demand such a breadth…

Businesses of all types are constantly generating data, and senior living organizations are no different. Whether they can responsibly steward that data and leverage it is a question of data management. What is data management? Simply put, it is gathering, keeping, and using data in a way that is secure and effective. Read on to learn why data management is critical for senior living organizations and how it can help them achieve better resident experiences and business performance. Data Management Solutions for Senior Living Organizations Senior living organizations have a wealth of opportunities to generate and capture data on resident…

The success of any business or organization hinders on managing finances efficiently in senior living, whether it’s a retirement, assisted living, or skilled nursing community. Accurate accounting practices are essential for maintaining operations and ensuring that residents receive quality care. Over the past several years, cloud accounting software has emerged as a game-changer. Many software-based accounting software offer streamlined financial management solutions tailored to the unique needs of senior living organizations. Here are seven tips for implementing cloud accounting software in your own community: 1. Assess Your Needs: Before diving into any cloud-based accounting software, you should assess your organization’s…

Cash flow management is one of the most common challenges senior living and assisted living organizations face. Delays in reimbursements, high capital expenses, and inconsistent payment terms with vendors are just some of the many factors that can squeeze a senior living organization. There are several ways to take control of cash flow management for senior living. For example, cloud-based accounting solutions for assisted living organizations can automate processes and put make data more accessible so you can make better decisions in real time. Read on to learn how to improve cash flow management in three steps. 1. Negotiate Payment…

Many people underestimate the convenience of address autocomplete until it’s no longer there. Imagine the inconvenience of having to order coffee on your phone, but you have to type your entire address before your first sip manually. Dealing with this is an endless frustration that saps your enthusiasm. According to Google Maps Platform, global eCommerce sales are set to reach almost $6 trillion in 2024. However, 70% of all online shopping carts are abandoned, often due to complications with checkout. This figure underscores the importance of a streamlined checkout process. This is where address autocomplete comes in. With this feature,…

Searching for a job can be a daunting task, but leveraging social media can significantly enhance your efforts. By using the right strategies, you can connect with potential employers, showcase your skills, and stay informed about job opportunities. Here are some effective lifehacks to help you maximize your job search using social media. Discover your dream job at https://jobscollider.com/! Explore a wide range of job listings and jumpstart your career today. Share your CV on social networks: Make Your Profile Stand Out One of the simplest yet most effective strategies is sharing your CV on social networks. This step increases…

Selecting a domain name for your business is one of the most crucial steps in establishing your online presence. A perfect domain name not only enhances your brand’s identity but also plays a significant role in driving traffic to your website. This article will guide you through the process of choosing a perfect domain name and how to register it. 1. Understanding the Importance of a Domain Name A domain name is your business’s digital address. It’s the first impression potential customers will have of your brand online. A well-chosen domain name can: Boost Brand Recognition: A unique and memorable…