Unprecedented opportunity exists for senior living providers as our nation braces for exponential senior population growth through 2030 and beyond.
Senior living providers are faced with several challenges ranging from healthcare reform, occupancy pressure, declining reimbursement, labor pressure (wages and staff shortages), and the potential dramatic shifts in the healthcare ecosystem resulting from mergers and acquisitions.
Strategies related to the development of new products and services, technology advancements, and service delivery and care models must evolve in order to attract future consumers and compete.
Building and maintaining senior living communities also plays a critical role in serving this rapidly growing population segment. Understanding market demand, financing options and how to navigate the real estate development process can be difficult. From concept to completion, we deliver a proactive approach to the accounting, tax and operational issues related to your real estate assets.
Baker Tilly’s senior living clients include for-profit and not-for-profit continuing-care retirement communities, skilled nursing and assisted living facilities as well as affordable housing communities for the elderly and people with disabilities.
We offer a collaborative team of senior living, healthcare and real estate specialists who are working everyday alongside our clients to create the future of senior living services.
Strategic advisory services
- Strategic planning
Start a strategic conversation today with leadership, the board and stakeholders focused on opportunity yet centered on the organization’s mission and vision
- Operational assessment
Identify cost savings, revenue enhancement, marketing opportunities and gaps in systems and processes
- Market analysis
Interpretation of economic, demographic and competitive data and resulting demand analyses to evaluate feasibility of existing and planned services
- Clinical advisory
Assistance with the long-term care survey process, five star quality rating, nurse management and direct care staffing analysis, medical record documentation and internal education
- Financial planning and feasibility studies
Determine the financial feasibility of new construction, acquisitions or rehabilitation/repositioning projects
- Project financing
Source and secure development financing from various programs including Low-Income Housing Tax Credits and debt sources such as Fannie Mae, Freddie Mac and HUD
- Transaction due diligence
Comprehensive analyses along with thoughtful and timely insights to validate merger, acquisition and corporate finance questions
- Cost reporting
- Financial statement audit
- Regulatory filings
- Tax services
Management and technology consulting services
- Analytics and reporting services
- Enterprise transformation services
- Human capital services
- Program and project management services
- Sales, marketing and service growth strategies