Start a strategic conversation today with leadership, the board and stakeholders focused on opportunity yet centered on the organization’s mission and vision
Identify cost savings, revenue enhancement, marketing opportunities and gaps in systems and processes
Get assistance with interpretation of economic, demographic and competitive data and resulting demand analyses to evaluate feasibility of existing and planned services
Get assistance with the long-term care survey process, Five Star quality rating system, nurse management and direct care staffing analysis, medical record documentation and internal education
Financial planning and feasibility studies
Determine the financial feasibility of new construction, acquisitions or rehabilitation/repositioning projects
Source and secure development financing from various programs including Low-Income Housing Tax Credits and debt sources such as Fannie Mae, Freddie Mac and HUD
Coordinate development process from concept planning supported by market and financial analysis to zoning/regulatory approvals to construction/renovation
Transaction due diligence
Receive comprehensive analyses along with thoughtful and timely insights to validate merger, acquisition and corporate finance questions
Baker Tilly has played a huge role in our growth from one building to three buildings and two independent living campuses over the past 20+ years. They have conducted multiple feasibility studies for us, and have been a trusted partner for us every step of the way. More than anything else, Baker Tilly really cares. They are constantly looking out for us by identifying opportunities and sharing information about new industry regulations. Baker Tilly treats our staff with respect, which means a lot to us as we are on the phone with them year-round. Baker Tilly is who we turn to for advice.Richard Urick, Controller, Maria Joseph Manor
Senior services providers are faced with several challenges ranging from healthcare reform, positioning for value-based purchasing, occupancy pressures, declining reimbursement, labor pressure (wages and staff shortages) and the potential dramatic shifts in the healthcare ecosystem resulting from mergers and acquisitions.
Strategies related to the development of new products and services, technology advancements and service delivery and care models must evolve in order to attract future consumers and compete.
Building or repositioning and maintaining senior living communities also plays a critical role in serving this rapidly growing population segment. Understanding market demand, financing options, the regulatory environment and how to navigate the real estate development process can be difficult. From concept to completion, we deliver a proactive approach to strategically position your business to remain viable.
Baker Tilly’s senior services clients include for-profit and not-for-profit continuing-care retirement communities, skilled nursing and assisted living facilities, home and community-based service clients (i.e., home health, hospice), as well as affordable housing communities for the elderly and people with disabilities.
We offer a collaborative team of senior services, healthcare and real estate specialists who are working everyday alongside our clients to create the future of senior services.
We chose Baker Tilly to perform an operations assessment because of their effective communication skills and deep healthcare industry knowledge – their understanding of the complexities facing the healthcare industry. We were very impressed with the firm’s capabilities and proven results, and because of their thorough review, we saved a significant amount of money, this year and for years to come. This experience led us to choose Baker Tilly as our audit firm the following year. Their full line of services and in-depth industry knowledge really creates a one-stop shop for all of our organizational needs. We would absolutely recommend Baker Tilly!John Thorhauer, President and CFO, United Methodist Retirement Communities, Inc. (UMRC)
When we started working with Baker Tilly, we automatically felt like a valued client. This was something that was missing from our previous auditor. Baker Tilly’s healthcare team is very professional and extremely knowledgeable. They have added tremendous value to our audit and present insightful information to our Audit Committee. We have been very pleased with their audit services and the consulting services they provide for our skilled nursing facility.Darren Roy, CFO, North Hill Communities
We work with two of the 10 largest not-for-profit multi-site senior living providers in the nation.
ASC 606 is quite complex. I appreciate that Baker Tilly developed a series of webinars dedicated to healthcare clients. I also appreciate it being broken down into four smaller webinars versus just one session. This allows the material to be digested and time for questions to be developed between webinars. Speakers were excellent, the material was well-organized and it was easy to understand!Carolyn N. Jacobs, RN, BSN, CPA - Chief Financial Officer, Messiah Lifeways
I would recommend Baker Tilly to anybody that is looking for expertise in HUD, LIHTC and the general tax credit industry.Paul Gunther, Vice President of Finance, Impact Seven, Inc.