We are excited to share the latest insights shaping the financial landscape of Continuing Care Retirement Communities (CCRCs). CARF International’s Financial Advisory Panel (FAP) has recently released its 31st edition of Financial Ratios & Trend Analysis for CARF-Accredited CCRCs, offering a wealth of benchmarking information crucial for strategic financial planning in the senior living industry.
Key Highlights for Your Senior Living Organization:
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Annual Benchmarking Resource:
- CARF’s publication, in collaboration with Ziegler and Baker Tilly, stands as a trusted annual benchmarking resource. Explore the 17 separate financial ratios tailored for both single-site and multi-site CCRCs in the United States, providing invaluable insights for the past three decades.
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Strategic Financial Planning Tool:
- Gain access to a comprehensive set of financial ratios, categorized into margin, liquidity, and capital structure. Utilize this information as a strategic tool to compare actual and budgeted performance, identify trends, and evaluate your organization’s financial standing.
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Recorded Webinar for In-Depth Analysis:
- Delve into the detailed analysis of financial challenges and findings through a webinar featuring CARF, Ziegler, Baker Tilly, and a representative from Kendal at Oberlin. The webinar, accessible on the Baker Tilly website, provides specific comparative information based on primary CCRC contract types and quartile rankings.
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Renewed Commitment to Campus Reinvestment:
- Despite challenges, the 2023 edition notes a renewed commitment to campus reinvestment and growth, showcasing the resilience and strategic spending of organizations in the face of financial shifts.
How can Your Organization Benefit?
- Understand the financial challenges faced by organizations similar to yours.
- Leverage benchmarking information for strategic financial planning.
- Explore comparative insights based on contract types and quartile rankings.
- Stay informed about industry trends and best practices.
At [Your Company Name], we are dedicated to keeping you informed about industry trends that impact your organization’s success. If you have any questions or wish to discuss how these financial insights may influence your strategic decisions, please feel free to reach out.
