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How to Make Affordable Assisted Living Work for You # ALFA2014.

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Presentation on theme: "How to Make Affordable Assisted Living Work for You # ALFA2014."— Presentation transcript:

1 How to Make Affordable Assisted Living Work for You # ALFA2014

2 WHAT IS AFFORDABLE ASSISTED LIVING? State Perspective Generally Called Assisted Living or Residential Care Requires Executive, Legislative and Program Support Medicaid Waiver(s) - Project vs. Voucher-Based Medicaid State Plan Interest in AAL Growing Nationally # ALFA2014

3 WHY IS AAL NEEDED? Demand 7% to 14% of households are headed by % to 50% of those households have incomes less than $25,000 38% of this population needs assistance with 3 or more ADL’s 15,465 nursing homes, 1,646,302 beds in 2011 (31,100 AL facilities, 971,900 units in 2011) How to Capitalize a New AAL Affordable housing financing, LIHTCs, grants, low interest loans Why Develop and Operate AAL? Expand customer reach deeper into existing markets # ALFA2014

4 THE OPPORTUNITY # ALFA2014

5 WHAT SUCCESS LOOKS LIKE Economic Benefits Development and management fees Free Cash Flows Long-term Ownership # ALFA2014 Victory Centre of Vernon Hills, Exterior Victory Centre of Vernon Hills, Living Room

6 KEY OPERATIONAL ISSUES 1.State/Federal Program Design? 2.Payment Rate? 3.Payment Cycle? 4.Role of Gatekeepers? 5.Barriers to Property Licensure/Certification? 6.Barriers to Medicaid Eligibility? # ALFA2014

7 WHAT SUCCESS LOOKS LIKE # ALFA2014 Heritage Woods of South ElginSt. Anthony of Lansing

8 FUTURE OF AFFORDABLE ASSISTED LIVING # ALFA2014 Explosive Demographic Trends Managed Care Attempting to Bend the Cost Curve Incentivized Payor Reckoning with Entitlement Programs Regulatory Expansion Pressure Keeping AL Defined as HCBS

9 Rod Burkett President & CEO, BMA Management, Ltd , ext. 230 Jerry Finis CEO, Pathway Senior Living, LLC Wayne Smallwood Executive Director, Affordable Assisted Living Coalition , ext. 124 # ALFA2014


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