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Plante Moran's Roadmap for Senior Living Development & Construction

  • Writer: Nancy Griffin
    Nancy Griffin
  • May 23
  • 2 min read

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.


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