There has been a migration from freestanding or self-managed senior living communities to a merged affiliation. The trend is likely to continue shortly. The following are some of the questions that directors or sponsors need to ask a potential senior managing partner. The first question should be about honest. Therefore they may ask something like, are you willing to tell us what we need to hear or what we want to hear. That means they will not be told d things as they are, but they will be told according to what they want to hear.
It will be important to have a partner who is willing to go along with you in almost all things. You would also like to know whether you are dealing a company that is well prepared to deal with the management issues. The company should be prepared with enough skilled nurses and Medicare participation. Some of the members may need to have nursing services and medical acre.
Another very crucial question to ask is whether the company is willing to offer full-service solution for a senior living community. In other words what you should seek to know is whether you the company has the right resources, people and systems that will provide a one-stop shop forte seniors. Not all the companies that offer senior living can provide all the necessary services to the members. You should partner with a management company that can offer all-round services to the members.
You also need to know something about the planning. Your concern should be whether the company has the best approach and strategic planning. While senior living companies is about leveraging standards, each member needs to be treated with individualism. You should be able to obtain the necessary data from the company that you are partnering with in order to enable you to have the right information to keep you in control of the institution.
You need to ask the company how well they understand the nature of the changing consumer of the services. The most important this is to have a partner that understands the changing needs of the senior members of the community. You also need to ensure that the seniors are part of the governance process. You also need to make sure you maintain a healthy relationship. The first relationship is between the members of the board and the company and the flows all the way to the other members of the institution. The relationship should also be extended to the members of the family of the residents and the institution.