By Roy Barker
As we move into the second half of 2014, are you happy with your community’s financial results? Are community’s occupancy levels good but you’re still dealing with lower Net Operating Income (NOI), cash flow, and margins?
There’s still time to make changes by the end of the year that can create a positive impact, and Moore Diversified Services, Inc. (MDS) is ready to help. We’re halfway through the year, but there’s still time to have a positive impact on your bottom line.
You might be surprised at how making small changes can result in increased NOI. For example, if an average 80 unit community at 93% occupancy could save just $1 per resident day (PRD), that would equate to $27,000 per year. Even at this point, that could mean an additional $10,000 to $15,000 of NOI in calendar year 2014, and that’s just on $1 PRD of savings! What a great outcome by the end of the year.
Take Action
Through our Operations Analysis, we will benchmark the income statement for your current operations to see how you stand with industry averages. We’ll assist you in digging in to each expenses department and help you discover ways to decrease operating expenses. Some broad areas we generally see room for improvement include dietary, employee retention, direct care staffing ratios, and general administrative expenses. We will review cash flow and NOI and deliver solutions, as your financial success is our goal.
You’re not alone. We’re the experts in this field with over 40 years of experience and are here to help you. We understand how busy you are with your day-to-day responsibilities of running your community. At MDS we know you and your professional staff are constantly putting out daily fires and attending to your residents, assuring they have the best quality care available. We also know that attention to detail with your income statements can unintentionally fall in priority status as time goes by, but this is something we can help you with.
Get Results
Let us help you optimize your income statement and cash flow. As with our established clients, once we begin the Operations Analysis we then work with you to create a plan to reduce operating expenses. We work with you and your professional staff to ensure that these changes will not affect the quality of care you’re providing your residents.
There’s half a year left of 2014—still time to make vital changes that make a difference. The positive results will not only be reflected in 2014 financial results, but for many years to come through increased NOI, increased cash flow, and increased terminal value. Give me a call to set up an initial consultation and let’s get started!