Innovation Senior Management manages senior housing properties including independent, assisted living and memory care communities. The management of senior housing properties is recognized as the operation of a complex sophisticated business rather than a simple third-party real estate property management function. We at Innovation Senior Management are not simply managing the operations of senior housing, we are managing the complex business of senior living.
Our management services include the following items:
Financial Reporting & Management
We offer a monthly management report to our clients that includes a narrative on the progress of the facility but also standard and customized reports on the financial health of the operation. We have been very successful at generating operating profits serving a middle-income resident. We have strict expense controls in place to ensure our middle market opportunities are profitable for our investors.
Government Subsidy Programs
We understand that there are government subsidies that assist a resident to pay for their services. The largest need for resident beds is for residents that may require government subsidies. We are skilled at securing government subsidies for our residents. We have worked with the Medicaid Managed Long Term Care and Veterans Administration Aid & Attendance Programs in addition to the Project-Based Voucher Programs.
Resident Risk Management & Quality Assurance
Operations Regulatory Compliance
We offer policies and procedures, processes, best practices and state-of-the-art technology to ensure efficient operations that are fully in compliance with regulations at a national, state or local level. Our Risk Management Program has been certified by HUD and mitigates risk effectively.
Electronic Health Records
With our management comes the implementation of electronic health records. Moving from a paper-based business to an electronic one ensures optimal performance and reduction of liability.
Purchasing & Vendor Contracting
We use our group purchasing to reduce costs for our clients. We can help with competitive pricing on products and services to ensure we are receiving the best pricing.
We work with preferred providers to bring additional services to our communities. Third party home health services include therapeutic and nursing services. Third party medical services through community doctors includes podiatrists and dentists. We also coordinate health monitoring wellness and educational programs that improve the quality of life of our senior living residents and their families.