Finance

The “new normal” for those who operate skilled nursing facilities is not so new anymore.  Staffing and labor shortages that at one time would have been labeled as unthinkable are now the everyday...

Long-term care facilities have always operated on razor-thin margins — then came the pandemic.  The virus ripped through nursing and assisted living facilities. Families tragically lost loved ones and...

Long-term care facilities are getting whammed by inflation. Everything they purchase, from food to nursing supplies, has gone up in recent months. Meanwhile, staffing costs have also jumped tremendously...

The numbers are staggering.  Ninety-seven percent of nursing homes have lost revenue during the COVID-19 pandemic. Seventy-two percent report they will not be able to sustain operations for more than...

The amount of money that gets wasted in healthcare facilities can be shocking, especially to healthcare personnel that are unaware. While it may be your primary duty to care for your residents, medicine...

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AvidXchange, already a leading provider of accounts payable (AP) and payment automation solutions, is launching AvidPay and AvidInvoice for the long-term healthcare and social...

There are many factors that determine what can or must be done to ensure a facility can survive and ultimately thrive. These 11 questions help to indicate the stability and sustainability of a facility...

Owners and operators of long-term care facilities can entice increasingly discerning financial partners into niche projects — if they go about it the right way

Gigi Walker is the new chief financial officer at Clare Oaks, a continuing care retirement community in Bartlett, IL.