| Management Expertise Cornerstone Senior Management is a unique, full-service company devoted to providing operational and management expertise to the long-term care industry. With a combined experience of over one hundred years, we offer management services for nursing centers, assisted living facilities and retirement communities. Our team has a wide range of experiences having worked for large publicly traded national companies to owning and operating their own healthcare facilities. In addition, our team has been involved in all aspects of a facility’s operation ranging from design and development, expansion, re-positioning, acquisition and stabilization of operations throughout the Eastern half of the United States. Years of management and operational experience have resulted in carefully organized and precisely defined approaches to all areas of long-term care management. If a facility has a problem, we have a system that will successfully resolve it. Our specialized expertise includes cost reimbursement, accounts receivable, marketing, sales, environmental services, personnel administration, staff development, budgeting, purchasing, training, cost control, ancillary capture, design and management of specialty units, and quality assurance. Deliverable Results Reputation – Healthcare facilities must have a reputation for and actually delivery a high quality of care. A strong reputation results in the facility being viewed as the “facility of choice” creating higher occupancy, more quality admissions and a stronger payor mix maximizing revenue for the facility. A strong reputation also identifies the facility as an “employer of choice” attracting staff committed to delivering the best quality care. A committed staff deliveries positive resident outcomes, reduces turnover and lowers insurance cost (worker’s compensation, general liability, etc.) all resulting in stronger financial performance. Cornerstone’s experienced team has a proven record of developing and maintaining high standards to achieve quality care and thus the reputation for quality. Compliance – Today’s regulatory environment is tough, demanding and ever-changing requiring strong policies, procedures and process. The consequences to a facility owner can be devastating in fines, penalties, reputation and cost. Cornerstone’s experienced team provides the knowledge and experience to meet all Federal, State and local laws, OSHA, CDC, HIPAA, Fair Labor Act, labor, unemployment and all other applicable laws. Profitability – The combination of quality care and compliance results in a facility with sound operational integrity and thus strong financial performance. This results in creating the maximum value for the facility owner allowing for strong cash flows or the ability to realize the value creation through refinancing or a sale. Deciding to Engage Cornerstone Senior Management We understand engaging an outside firm to manage your facility is a big decision. We encourage you to visit one of our locations, see the care being provided and talk with staff members to get an understanding of the overall operations provided by Cornerstone Senior Management. We would then meet with you to understand your goals and objectives for your facility. This will serve as the basis for developing an action plan, time table and agreement for providing management services. We are confident we can deliver the results and look forward to learning about your healthcare facility. |