Boost Senior Living Revenue Without Sacrificing Care

Balancing these priorities doesn’t have to be at odds when you have the right solutions in place.

Staci Hastings, MHA, BSN, RN, NI-BC , December 20, 2024

Staci Hastings, MHA, BSN, RN, NI-BC

Staci is a nurse informaticist with over 17 years in the health care field and has worked in various nursing care areas, such as medical and surgical, hemodialysis, pediatric home health, and the operating room. She is passionate about health technology and how it can improve patient outcomes and clinical operations.

In this competitive landscape, operators often face the dual challenge of boosting senior living revenue while maintaining high resident satisfaction. Balancing optimum care with profit margins is not just a goal — it’s a necessity for sustainability.

While these challenges may seem daunting, they’re far from insurmountable. Let’s explore how leveraging advanced senior living technology can transform your community, ensuring financial growth without compromising the quality of resident care.

Attract Residents Who Truly Fit Your Community

Today’s seniors value personalized experiences. By attracting residents who are well-suited to your community’s unique environment, you can enhance their satisfaction, prolong their stays, and ultimately boost both your investment and the overall ambiance and reputation of your community.

To effectively target the right residents, having the right tools to tailor the prospect journey — from initial contact to move-in — is essential. Our solution, Aline CRM, enhances your sales and marketing operations in several key ways:

  • Prospect opportunity scoring: This innovative feature uses an automated lead scoring system to highlight prospects most likely to convert into residents to efficiently focus your efforts. 
  • Unified systems: Aline CRM consolidates all prospect and resident data into a unified platform. With this unification, you can implement targeted engagement strategies that improve lead nurturing and conversion rates, effectively addressing occupancy gaps.
  • Aline Prospect-Centered Selling© (PCS): Unlike traditional sales tactics that prioritize quantity, Aline PCS trains your marketing and sales staff to focus on the quality of interactions with prospective residents. By building a trusting partnership throughout the sales process, you can more effectively nurture prospects to keep them engaged and increase their likelihood of conversion to residents.
  • Customization: Focus on the workflows and data that are important to you. The CRM allows for customizing analytics dashboards, data filters, and more.

Using Aline CRM, you can ensure that your marketing and sales efforts are as effective as possible, drawing in residents who will thrive at high retention levels in your community.

Spend More One-on-One Care Time With Residents

Caregivers enter health care because they’re passionate about providing essential care to those who need it most. However, excessive administrative documentation can detract from this purpose and lead to caregiver burnout, higher turnover rates, and resident dissatisfaction. Aline Care can transform the resident and caregiver experience to ensure more quality time and less paperwork with:

  • 360-degree resident profiles: Keep your senior living care team fully informed with real-time updates on crucial resident care information, such as allergies, health conditions, service requirements, and emergency contacts. This synchronization equips caregivers with the latest data to support better, more personalized care.
  • Custom care assessments: With fully customizable assessments, caregivers can capture and organize vital resident care information in real time, minimizing administrative paperwork and maximizing time spent with residents.
  • Automated service plans: Streamline care planning by using charge capture and billing automation based on caregiver inputs in assessments. This automation updates the service plans and care tasks required for each resident, reduces manual tasks, and allows caregivers to focus more on resident care. 
  • Mobility: Enhance the flexibility of care delivery with our mobile point-of-care task app. Caregivers can easily monitor daily tasks, document care, and capture real-time interactions with residents, all from a mobile device, which enhances the quality of interactions and the overall care experience.

With the right technology, you can have the best of both worlds. In addition to ensuring that your residents receive high-quality, individualized care, advanced senior living software can additionally ensure your caregivers find fulfillment and meaning in the care they deliver.

Improve Resident Safety

Safe and compliant medication administration is a hallmark of high-quality care. Despite this, medication errors are among the most frequent and preventable causes of harm in health care. The financial and safety risks associated with these errors and resident noncompliance can be substantially reduced with our advanced Aline eMAR system. Here’s how it enhances medication safety and operational efficiency:

  • Improved medication safety and efficiency: Color-coded dynamic workflows help your staff accurately administer medications, treatments, and other care-related tasks. With this system, you can reduce errors and increase the precision of dosages and timing.
  • Pharmacy integration: Our eMAR solution seamlessly connects with more than 125 pharmacies, which streamlines the process of medication orders and ensures accuracy from prescription to administration. This integration aids in maintaining consistent and error-free medication management.
  • Care continuity: Ensure caregivers administer medications safely with features like real-time updates and built-in alerts. These tools help maintain continuous, error-free care by keeping all care providers informed and alert to any potential issues or necessary adjustments.

By incorporating Aline eMAR, your community will meet compliance standards, elevate resident care and safety, and better support your staff.

Maintain High Brand Standards

In the competitive senior living market, maintaining high brand standards is crucial. Your community reflects your brand, and your residents are at the heart of your community. As an operator, ensuring regular quality audits is a key component of your strategic plan. These audits help identify gaps in service, care, or staff satisfaction, which are essential for crafting an effective process improvement plan. To maintain your high standards, Aline Quality can support your efforts with:

  • Customizable surveys: Tailor surveys to cover any area of your operations. This tool enables you to gather in-depth feedback and insights, ensuring that all aspects of your community meet your high standards.
  • Interpretive guidelines: To simplify the review and audit processes, our system includes a comprehensive guide to company policies as well as state and federal regulations. With streamlined review and audit processes in place, you can more easily maintain compliance and uphold quality standards across your operations.
  • Automated correction plans: Based on the results of the customizable survey, the automated correction tool generates a plan based on the items that did not pass during the survey. Having a clear path to solving any issues is critical to ensuring continuous improvement and adherence to quality standards.

With better quality control, this strategic approach not only secures your reputation but also drives operational excellence, setting your community apart in a highly competitive field.

Create an Engaging Environment

As adults age, maintaining mobility, independence, and cognitive ability is crucial to their longevity. You can help residents achieve positive health outcomes by supporting their physical and mental well-being with engaging activities. However, orchestrating a varied range of activities that resonate with residents can be resource intensive and costly. Here’s how Aline Engage can build stronger connections with residents and their families to:

  • Enhance family connectivity: Our mobile app keeps families closely connected to their loved ones by providing real-time visibility into community events and activities. This connection not only reassures families but also encourages their involvement in the daily lives of residents.
  • Efficiently manage daily activities and dining options: Simplify the scheduling and tracking of events, manage attendance, and monitor resident engagement with various activities. With this functionality, you can reduce the administrative burden on your staff, allowing them to focus more on resident interaction and less on paperwork.
  • Provide timely resident care updates: Keep families informed with regular wellness updates and health notes. This feature ensures that all stakeholders are current with the residents’ care and well-being to foster a transparent and trustful environment.

For a positive ROI, you want to enrich residents’ lives while supporting staff with better efficiencies. By leveraging Aline Engage’s analytical insights, your team can optimize programming and resource allocation effectively — all without overburdening your staff with administrative tasks.

Optimize Internal Workflows

Efficient internal processes are essential for maximizing efficiency and minimizing revenue leakage in your community. A common challenge occurs when a resident’s care level changes due to shifting acuity, and these changes are not promptly communicated to the leasing and billing teams. This delay can lead to inaccuracies in billing, potentially resulting in significant revenue loss.
To address this, automation ensures that transitions in care are seamless and accurately reflected in billing through Aline Leasing & Billing’s tools:

  • Census tracking: This tool provides essential at-a-glance information about vacancies, move-ins, and short-term leaves, keeping your records current and accurate.
  • Rate management: Ensure your community services are priced appropriately with the ability to review and respond to real-time market data. 
  • Real-time billing: Automatically process all charges related to resident care changes, including unscheduled services, room adjustments, move-ins and move-outs, late fees, and supplemental payor activities. This ensures comprehensive billing accuracy and prevents any potential revenue slippage.

By integrating these innovative systems with strategic planning, your community can enhance operational efficiency and resident outcomes while maintaining a profitable business model that does not compromise on the quality of care provided.

Your Guide to Balancing Mission and Margin

High-quality care doesn’t mean sacrificing your financial health. To learn more about how to balance these priorities, download our guide “Balancing Mission & Margin in Senior Living” today.

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