Independent Living and Assisted Living Providers are having a more difficult time maintaining full census. Many seniors who need long term care housing cannot afford the full cost of care and are subsequently not receiving the services they need.  Despite the best efforts of a Provider’s marketing staff and the utilization of third party placement agencies along with discounts and promotions, many units are going unfilled - as each day passes by, those revenue opportunities are lost forever.

What is needed is a financial intermediary to bridge the funding gap to solve the needs of the Provider and the senior. The Senior Assist Network™ creates this bridge and can help Providers securely recapture some of those lost revenue opportunities.

A Community Based Solution

The Senior Assist Network™ brings together Providers, seniors and financial intermediaries to help solve this crisis using a community based solution. Rather than letting a unit go vacant, a Provider can accept a Senior Assist Network™ client on a deferred compensation basis in exchange for a secured accounts receivable and a financial guarantee that their organization will be paid.

An Overview of How It Works

The Senior Assist Network™ works with the financial intermediary who pre-qualifies the senior for a specific line of credit. This line of credit is secured by one or more of the senior’s assets.

• Once the line of credit limit has been approved, the client’s profile (name withheld for confidentiality) detailing the amount of their line of credit, their geographic location, and the predetermined date that the financial intermediary will pay the Provider is listed on the Senior Assist Network’s™ secure website.
• Providers interested in accepting the client submit offers (all offers are subject to the Provider’s normal pre-placement medical evaluations).
• Once the resident has been determined a suitable fit for the Provider and the resident accepts the provider’s move in terms, the resident moves into the facility and the Senior Assist Network's™ financial intermediary becomes an additional financial guarantor.
• The facility advances services not to exceed the amount of the financial guarantee. The resident lives at the facility until their credit line has been depleted or is no longer a fit for the facility.
• At the pre-determined date, the financial intermediary pays what the facility is owed.

By marrying a financial intermediary, seniors and Providers, the Senior Assist Network™ creates a simple, financially secure, community based solution to help all parties achieve their goals.

Benefits of Membership

In addition to helping seniors, becoming a member of the Senior Assist Network™ can help your properties achieve 100% occupancy.  Please contact us for more details.