A CFO’s Guide to Senior Care Facility Expansion

Expanding your senior care portfolio requires astute financial leadership to navigate a landscape of regulatory demands, operational complexities, and workforce challenges. This eBook equips senior care CFOs and finance leaders with the strategic insights needed to ensure sustainable growth and financial stability. From optimizing payroll processes to managing workforce shortages, this guide provides actionable strategies for success.

Key Takeaways:

1. Ensure Regulatory Compliance: Learn strategies for navigating the complex landscape of federal and state regulations, including wage-and-hour laws and healthcare compliance requirements.
2. Optimize Workforce Management: Develop innovative approaches to address the nursing shortage, manage overtime costs, and improve employee retention across multiple facilities.
3. Improve Financial Performance: Implement standardized reporting dashboards and financial compliance tools that can lead to a 20% reduction in audit penalties.
4. Leverage Technology: Explore the role of Electronic Health Records (EHR) and integrated payroll systems in streamlining operations and enhancing data-driven decision-making.
5. Reduce Hidden Costs: Discover how to minimize manual payroll errors that can cost organizations up to $652,000 annually by leveraging automation and advanced payroll auditing tools.