A 52-year-old diabetic man died after staff at his Farmville, Va., assisted living facility failed to follow doctor's orders when he fell ill. A resident wandered away from her Springfield facility and was found two hours later lying in the emergency lane of the Fairfax County Parkway. And at a home in Blacksburg, a resident was hospitalized in December after she was given too much insulin.Fallis, D. (2004). Records Show More Problems in Assisted Living. Washington Post , C01.
Mollica, R. (2009). State Medicaid Reimbursement Policies and Practices in Assisted Living. American Health Care Association .
Sidoti, P. (1995). Assitsted living captures profitable market niche. Modern Healthcare , 72
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Still Gone Fly<br />Assited Living Facility<br />The Problem<br />Rising Cost for Health Care <br />
Guiding Future Solutions<br /><ul><li>Mission: Inspire to deliver timely services of quality
Vision: Assist resident with restoration of life
Value: To obtain and maintain trusting relationships
Strategy: : Expand our knowledge of quality healthcare with local communities</li></li></ul><li>Industry Background<br /><ul><li>Nursing home Medicaid spending grew from $42 billion in 2001 to$46 billion in 2007
Coverage of services for ALF’s increased 43.7% between 2002 and 2009
Waiver participants rose 122% between 2002 and 2009
Twenty-four states maxed supplement federal Supplemental Security Income (SSI) payment-from $722-$1350</li></li></ul><li>MARKET<br />Segmentation <br /><ul><li>Elderly
Disabled</li></ul>Target<br /><ul><li> 65 y/o elderly and disabled
Medicaid Receipeints</li></ul>“Over the next five years, billions of dollars will be required to satisfy the assisted living capital demands.” – Sidoti, healthcare analyst<br />2010 ALF Industry<br /><ul><li>Wide variety of designs and sizes
Policy makers seek cost alternatives</li></ul>to nursing home services<br /><ul><li>States interets in reducing expenditure</li></ul>growth rates<br /><ul><li>Changes to home and community based care policies
Intermediate level of care services no longer available </li></li></ul><li>Start-Up Expenses<br />