Audit, Tax & Consulting for Nursing Homes and Senior Care Living
Largely due to aging baby boomers, the number of people using nursing facilities, alternative residential care places, or home care services is projected to increase from 15 million in 2000 to 27 million in 2050. These projections translate to significant growth opportunities for independent living, assisted living, nursing home, and continuous care retirement communities. At the same time, the Affordable Care Act is creating an increased number of compliance requirements and forcing healthcare organizations to diversify as a way to provide services to more members of the community and generate additional revenue.
AAFCPAs’ Nursing Home & Senior Care Living clients have a knowledgeable and trusted advisor in us to help navigate the implications of this changing environment.
CPA, Tax, and Advisory Solutions for Nursing Home & Senior Care Organizations
AAFCPAs provides proactive assurance, tax, and advisory solutions tailored for Nursing Home and Senior Care Living organizations. We advise on strategic growth plans and the evaluation of new care models and ventures, reimbursement levels, budgeting, and forecasting, while helping clients enhance revenue from third-party receivables. Our team delivers benchmarking, trend analysis, best-practice guidance, and cost report preparation, as well as evaluation of facility expansion plans with financing or capital campaign advice. We also provide internal control reviews to establish operational best practices and offer board trainings to strengthen governance.
Additional advisory services include outsourced accounting and fractional CFO solutions, from cloud-based bookkeeping to high-level CFO oversight, as well as business performance, internal controls, and IT advisory. Our team also provides institutional investment advice, money management, financial planning and consulting, executive deferred compensation and retirement plan consulting, and succession planning. We offer fiduciary guidance and investment advisory for employee benefit plan sponsors, and technical accounting advisory, including implementation of new accounting standards, assistance with complex operational and financial transactions, and audit preparation.
Strategic Financial Solutions for Nursing Home & Senior Care Organizations
Nursing Home & Senior Care Living organizations are rethinking their positions in the new health economy, and these organizations must adapt quickly in order to serve the approaching influx of the aging population. AAFCPAs has spent five decades providing incisive financial knowledge and strategic management advice to help our clients obtain optimal reimbursements, maintain regulatory compliance, increase cash flow and sustain performance. We understand the complexities of the healthcare industry and offer proven and valuable solutions to help you meet your business goals.