Baker Tilly is pleased to provide you with the 2020 edition of the "Financial Ratios & Trend Analysis of CARF-accredited Continuing Care Retirement Communities (CCRCs)” report.
As a senior services provider, Baker Tilly is aware of the ongoing financial challenges facing your organization, all while focusing on fulfilling your organization’s mission. Baker Tilly shares your passion for the senior services industry, and is dedicated to partnering with organizations like yours to help you achieve long-term success.
Baker Tilly’s passion for senior services has led us to, once again, collaborate with the Commission on Accreditation of Rehabilitation Facilities (CARF) and Ziegler to publish the "Financial Ratios & Trend Analysis of CARF-Accredited CCRCs". The 2020 ratio trends have been expanded to a full-color, digital publication. You will find a new layout and design featuring photos, enlarged trended graphs and 24 years of benchmark data. The data is carefully reviewed and presented comparatively based upon primary contract type and quartile rankings for the 17 different financial ratios examined in the report.
The publication is intended to assist individual CCRC boards and management teams in understanding financial trends within the senior services industry. The publication is a great place to start in creating financial performance benchmarks to be used by financial management teams in their ongoing organizational evaluations. As a bonus, the publication also serves to promote a better understanding of CCRCs among outside constituents such as investors, regulators and consumers.
The publication is a valuable tool to assist with the development of internal targets of financial performance. However, this should only be done after evaluating your own specific circumstances (e.g., mission, unit complement/mix, condition of physical plant, capital structure, etc.). As your organization continues to address the challenges of today, and prepare for the opportunities of the future, understanding your metrics and establishing appropriate targets for current and future financial performance will be important for the success of your organization.
Please contact us with any questions you may have about the CCRC environment or the “2020 Financial Ratios & Trend Analysis” report.