Long Term Care Centers – Random Thoughts

Where would you want to live if you needed daily assistance? In your home, of course. Long term care aims to be a home-away-from-home for the lucky elderly. The care should be in a respectful, self-sustaining community, and offering skilled nursing care for short-term residents. The center should be based on the model idea that the elderly are fully-realized persons, with ideas, thoughts, and experiences which matter.

For most centers the first year should have the following financial objectives:

  • To raise adequate funding to start-up the center.
  • To open a skilled nursing facility, and maintain it regularly.

Other non-financial objectives should be:

  • To provide a warm, comfortable, safe and engaging home for residents. Ongoing feedback through the resident councils should give a weekly update on possible problems in the home.
  • To provide skilled medical care in a similarly respectful atmosphere to Medicare residents.
  • To provide adequate training, mentoring to the caregiving staff to create job satisfaction.

The center should promote the dignity and self-worth of all of residents, and strive to give them excellent quality of life, as defined by the residents, individually and as a group. Center should encourage resident group decision-making through meeting among the folks and to have access to all areas of the home, and self-determination in activities, socialization, and food preferences. After all, a long term care center should represent their home.

The center should value the time, skills, and expert opinions of their staff. The center should commit to providing fair and living wages, reasonable, structured work schedules, and clear duties and ranges of rights and responsibilities for each employee. The staff should be properly trained to do the work for which they are trained. In addition the center should share the staffs’ suggestions for improving any aspect of the center. The aim of any long term care center should be to thoughtfully care and provide expert assistance to their community’s most vulnerable; the elderly.

2 Comments

  1. John Hu

    Great post! Long-term care is a difficult area due to the lack of business-minded people in management roles in this sector. Good read!

    • Thanks, John. Yes, caring for people makes finance both a difficult focus and an even more important one.

Leave a Comment

Shares

Accounts Receivable Loans | Bank Loan Approvals | Business Planning | Cash Advance | Commercial Loan Approval | Nonprofit Financing | Underwriting & Due Diligence