Plante Moran's Roadmap for Senior Living Development & Construction

Senior living is a complex blend of real estate, hospitality, healthcare and wellness

Plante Moran Living Forward, global development advisors to senior living, has a downloadable whitepaper Owner’s guide to senior living development & construction that outlines in all the steps involved in opening a new senior living community from concept to completion.

These are some of the main pre-opening tasks Plante Moran Living Forward has identified:

Accounting & Finance

• Construction & Project Draw Schedule

• Pro Forma & Budget • Monthly P&L & Balance Sheet

• Finance & Accounting Policies/Procedures

• AR & AP • Third-Party Reimbursements

• Establish All Banking Accounts & Policies/ Procedures

• Finance & Accounting Policies/Procedures

• AR & AP

• Third-Party Reimbursements

Clinical

• Clinical Policies & Procedures

• Licensing & Certification

• Care Plans & Residency Agreements

• Assessments & Case Management

• Outsourcing – Pharmacy, Therapy, Physician Services, etc.

• In-Services Training Development

• Emergency Preparedness

• On-Call Staffing

Dietary

• Food Service Policies & Procedures

• Point of Sale

• Licensure

• Menu Planning

• Nutritional Services

• Ordering: Food & Beverage

• Procurement: Equipment & Small Wares

• Staff Training

Human Resources

• Recruitment & Retention

• Employee Handbook

• Position Descriptions

• Compensation Packages

• Staff Training & Employee Onboarding

• Benefit Planning

• Employee Screening & Background Checks

• Payroll

Maintenance

• Utilities/Low Voltage

• Vendor Selection & Contracts

• Supplies

• Security

• Building Preventative & Resident Room Maintenance

• Ordering/Purchasing

• Construction Management

• housekeeping & Laundry Services

• Building Equipment Training

Marketing

• Marketing Office

• Signage & Collateral

• Community Involvement

• Advertising

• Marketing Incentives/Marketing Budget

• Presales/Leasing

• New Resident Onboarding

• Move-in/Move-out Coordination

Operations

• IT/Low Voltage

• Construction Management

• Ordering/Purchasing

• C of O

• Lease Agreement/Forms

• Leadership Training/Board Training

• Day-to-Day Operations, Policies, & Procedures

• Legal & Risk Management

  
  

Download the whitepaper at Plante Moran Living Forward, development advisory and operational consulting for senior living.