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How do you assess the financial stability of continuing care providers?

What is a good process for assessing/comparing the financial stability of continuum-of-care providers?

"providers" = companies/institutions/facilities, not personal care-givers

"continuum of care" = independent to assisted to nursing, etc.


Status: Open    Jun 10, 2015 - 12:39 PM

Finance

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Aug 10, 2015 - 02:54 PM

As with any business in America, the only thing that is constant is change. Many times communities change management hands, owners hands, acquistions, etc. Senior care is no different.

I often suggested to the families I was working with to discuss their concerns up front with the Executive Director who would be better able to speak to the specific company name, longevity, etc. It may lead to a sales pitch but if your questions are pointed that might help you get the information you are seeking.

1. How long has this company been in business?
2. How long has this community been under X management/ownership
3. Is there a remodel planned?

If you are dealing with one of the nations leaders in senior care you should be able to get those questions answered rather easily. If you are dealing with a smaller community, or a community that is new to a state (licensures and types of care offered vary widely from state to state depending on state regulations) this may be harder inforamtion to obtain.

It's a vague, but honest answer, it's hard to assess future stability in an ever-changing field,.
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