How to Start an Assisted Living Facility Business
Your Blueprint for Success in the Senior Care Industry: Interior Design, Technology, Hiring Practices, Food Service, Legalities, & Daily Operations
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Narrated by:
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Sera Chance
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By:
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Sophia Goolsby
About this listen
Here are some facts and figures from AHCA (American Health Care Association) and A Place for Mom:
- There are little more than 810,000 seniors who currently reside in assisted-living facilities in the US
- There are 28,900 active assisted-living facilities operating at a capacity of 80 percent or higher.
- Almost 50 percent of these facilities are family-owned.
- Seven out of 10 people will require assisted-living care in their lifetime.
- The demand is expected to grow by an additional one million beds by 2040.
- The average cost for a single bedroom in an ALF is $46,500 per month.
With these mind-boggling statistics about Baby Boomers affecting everything from health care to vacation planning, it's definitely a good time to enter this market. Experts and data scientists say the real boom won't happen until 2028, but no one's paying attention to their mathematical projections. We see it happening now. We feel their presence.
To us, the boom is now!
So, if you, the aspiring owner/director of an assisted-living facility, want to enter the senior-living industry, do your homework.
Listen to this book and get the facts.
I basically lived in two ALFs. The first one entailed taking care of my mother in Fayetteville, NC. I also took care of my husband in a facility located in Atlanta, GA. My blog posts that I wrote about careers related to senior living required interviewing facility directors, chefs, and nurses of some of the area’s five-star facilities.
Operating an ALF can be rewarding.
The services you provide for people aged 62+ and their families help people live their best lives. You also contribute to the community and society at large by maintaining the health and well-being of a contributing member.
I am writing this book because I have lived “both sides of the coin”, so to speak. I have a degree in business management, and I have consulted many small-business owners on how to start, run, and grow their new businesses. But I have experienced an assisted living facility as a patient and caregiver of a patient.
To be a good business owner, it’s best to have all the facts from both ways.
- My story: portrait of a soldier in the women’s army corps
- Understanding assisted-living facilities
- History of assisted-living facilities
- Advantages of assisted-living facilities
- Disadvantages of assisted-living facilities
- What is required by law?
- The challenges facing ALFs
- Types of care for people 62+
- About Baby Boomers
- The demographics of assisted living
- Changing the cultural perception of aging
- Technology for people 62+
- Design and architecture of assisted-living facilities
- Exercise, fitness, and Boomers
- Senior-living housing industry and market fluctuations
- How to start an assisted-living facility
- Obtain the required permits and licenses
- Federal- and state-mandated governance of assisted-living facilities
- Hiring the best medical professionals
- Choosing the right candidate
- Marketing 101
- How to get happy customers
- Daily operations of a health-care facility
You will learn all of this and so much more! If you have ever wanted to help our elderly population and provide amazing and much-needed services to this segment of society, consider starting an assisted-living facility!
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Overall
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Performance
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Story
One in five Americans now has medical debt in collections and rising health care costs today threaten every small business in America. Dr Makary, one of the nation's leading health care experts, travels across America and details why health care has become a bubble. Drawing from on-the-ground stories, his research and his own experience, The Price We Pay paints a vivid picture of price-gouging, middlemen and a series of elusive money games in need of a serious shake-up.
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Very important book!
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By: Marty Makary MD
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The Gig Economy
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Overall
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Performance
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From Uber to the presidential debates, the gig economy has been dominating the headlines, and for good reason. Today, more than a third of Americans are working in the gig economy - mixing together short-term jobs, contract work, and freelance assignments. For those who've figured out the formula, life has never been better! The Gig Economy is your guide to this uncertain but ultimately rewarding world. Succeeding in it starts with shifting gears to recognize that only you control your future.
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interesting and informative
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The Landlord Entrepreneur
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The Landlord Entrepreneur shifts the focus from dealing exclusively with residential real estate to building a dynamic property management business. By following the step-by-step instructions in this new guide, anyone can create a fully functioning, professional property management company in only 10 days. With Chavis's modern take on real estate, you will learn the five phases of property management and the skills needed to successfully move through them - as well as the hacks and tricks to build your profitable business from the ground up.
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Good general guide but gineric information.
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Artificial Intelligence: 101 Things You Must Know Today About Our Future
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- Narrated by: Rodger Paxton
- Length: 8 hrs and 17 mins
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Overall
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Performance
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Story
Artificial intelligence is changing our world faster than we can imagine, and it will impact every area of our lives. And this is happening whether we like it or not. You might have heard that many jobs will be replaced by automation and robots, but did you also know that at the same time a huge number of new jobs will be created by AI? This book covers many fascinating and timely topics related to artificial intelligence, including: self-driving cars, robots, chatbots, and how AI will impact the job market, business processes, and entire industries, just to name a few.
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Completely useless
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How to Train Your Mind
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Overall
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Performance
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Story
Meditation makes you more productive because it lets you earn back time. For each minute you spend meditating, you'll earn around nine minutes back, as Chris Bailey - author of The Productivity Project and Hyperfocus - will show in this candid and counter-intuitive guide to the productivity benefits of meditation.
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Started Listening By Accident
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Overall
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Performance
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Story
One day, Lori Gottlieb is a therapist who helps patients in her Los Angeles practice. The next, a crisis causes her world to come crashing down. Enter Wendell, the quirky but seasoned therapist in whose office she suddenly lands. With his balding head, cardigan, and khakis, he seems to have come straight from Therapist Central Casting. Yet he will turn out to be anything but.
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It was like a hallmark movie being waterboarded into my ears for 15 hours
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The Obesity Code
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Overall
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Performance
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Story
In this highly listenable and provocative book, Dr. Jason Fung sets out an original, robust theory of obesity that provides startling insights into proper nutrition. In addition to his five basic steps - a set of lifelong habits that will improve your health and control your insulin levels - Dr. Fung explains how to use intermittent fasting to break the cycle of insulin resistance and reach a healthy weight - for good.
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There is a PDF, Folks
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By: Dr. Jason Fung
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Episodes
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Overall
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In Episodes, lifelong best friends Kat and Mara take listeners on an unfiltered journey through friendship, mental illness, and survival. Kat, a successful professional, is preparing for marriage and motherhood. On her fourth round of IVF, it happened—a frantic call to Mara. Mara comes over to find Kat, her friend of 25 years—the one who'd always been levelheaded, hilarious, and over-the-top thoughtful—trying to jump through a window.
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Just listen!
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Take Control of Your Life
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Overall
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Performance
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Story
Mel Robbins is back! The international bestselling phenomenon and creator of The Five Second Rule and Kick Ass with Mel Robbins returns to help you tackle the single biggest obstacle you face: fear. This life-changing Audible Original features a powerful mix of one-on-one life-coaching sessions and a personal narrative with vital take-aways that you can start using immediately.
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Stop living in fear
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Natural Rapid Weight Loss, Lose Weight Faster with Hypnosis, Meditation, and Affirmations
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Overall
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Performance
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Story
Naturally lose weight fast and get the body you've been wanting. Stop old habits in their tracks, shed pounds now, and feel amazing. Rapid weight loss is yours today with this powerful guided meditation program from the Sleep Learning System and world-renowned hypnotherapist Joel Thielke.
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My new favorite hypnosis audio!
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Atomic Attraction: The Psychology of Attraction
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Performance
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Disappointing.
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The Unappreciated Power of Naps
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Overall
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In The Unappreciated Power of Naps, sleep researcher and clinical psychologist Dr. Jade Wu will uncover the truth about napping and its amazing benefits for both mind and body. Across six revealing lectures, you’ll examine what science tells us about the benefits—and, yes, the potential downsides—of napping.
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I got a detailed understanding of nap and how important it is to sleep and health.
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How to Release Anxiety
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It’s not just you. Stress levels are at an all-time high—so much so that a recently convened panel of medical experts in the US has recommended that all adults under the age of 65 be screened for anxiety. In How to Release Anxiety, Gabby Bernstein offers simple, actionable steps for feeling better, living with more ease, and showing up for those around us. Gabby’s unusual advice: Rather than manage your anxiety, what if you befriended it? Gabby posits that what we befriend, we can ultimately be at ease with. So she invites us to get curious.
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Not my thing, but one good point
- By Scott on 10-22-22
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What listeners say about How to Start an Assisted Living Facility Business
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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Overall
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- J. Z.
- 07-02-24
Too generic, no substance.
The author might be a good writer, but doesn’t have real knowledge about this business.
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Overall
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Performance
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- Brian
- 10-05-23
The basic nuts and bolts
This book is an excellent general overview of what all is involved in opening and running an ALF as a business. It’s great for understanding the basic nuts and bolts of operations, but it lacks a deep dive into any of the topics discussed. In addition, the author offers many great ideas and additional resources that can be helpful to any owner/operator.
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