Issues Affecting the Financial Sustainability of Life Care Communities
Problem Statement Issues Affecting the Financial Sustainability of Life Care Communities A life care community is a type of continuing care retirement community that offers nursing care, independent living, assisted living, and many other services for the persons who subscribe to the services. However, life care communities are not as popular as the senior housing services that have been available for years. The care communities require that a person pays a set deposit before being assigned the care or asylum (Raphael, Ahrens, & Fowler, 2001). The financial success of these organizations relies heavily on the efficiency of the management systems. ...
