Also worth considering, is the branching into broad-based community services such as assisted living or adult day care, which not only have the potential to supplement the revenue base, but also serve as feeder systems to the nursing facility. In conclusion, long-term care facilities are, at the later end of this decade, in a position of reaping the benefits of low financing interest rates and assuming high revenues due to the increased number of the elderly population. It is now, that nursing facilities may prepare for the future. Resources utilization and diversification are in the grasps of owners and managers. The strategic plan is at the threshold of attention.
Financing is available, and resources are able to be maximized.
Those who are visionaries in this ever changing industry, will undoubtedly become prosperous in the future. However, those who fail to utilize their resources wisely, and those who fail to take advantage of the financial opportunities laid before them, will fall by the wayside. Curing empty-bed syndrome. The growth of nursing home care. Double-digit growth continues.