Residential Care Facilities for the Elderly
Residential Care Facilities serve persons 60 and older. They provide room, board, housekeeping, supervision, and personal care assistance with basic activities like personal hygiene, dressing, eating, and walking. Facilities usually centrally store and distribute medications for residents to self-administer.
This level of care and supervision is for people who are unable to live by themselves but who do not need 24 hour nursing care. They are considered non-medical facilities and are not required to have nurses, certified nursing assistants or doctors on staff. Other terms used to refer to this level of care are assisted living facilities, board and care homes, rest homes and that component of Continuing Care Retirement Communities (CCRCs) that provide personal care and supervision.
Changes in both federal and state budgets are making the operation of residential care facilities increasingly difficult. The cost of doing business keeps rising while reimbursements from Medicare and other funding sources decline year after year. As a result creating the most comprehensive and competitive risk financing program for these operations absolutely critical to our client’s ongoing business operations.