When you want to insure a property that’s already functioning as a Residential Care Facility for the Elderly (RCFE), the boxes to tick are fairly standard. You’ll need a general liability policy to defend your facility against its legal exposures, for example, and commercial coverage for the property itself. If you’re thinking about building your…
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When you run an RCFE, you need to do quite a few things to ensure your business functions well and best serves its residents. That includes maintaining a safe and compliant residence. If you don’t comply with local zoning and building code, you could find yourself in a lot of trouble. Of course, it could…
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The merger or acquisition of a Residential Care Facility for the Elderly (RCFE) can benefit all parties. The entity taking over the RCFE clearly sees something good in it, and the proven success of the facility benefits their portfolio. For the party selling their RCFE or merging under a new umbrella, the transition usually comes…
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If you’re looking at opening a second location for your Residential Care Facility for the Elderly (RCFE), things are probably going pretty well. You feel solid with the team you have in place, and confident that you’re providing quality care for your residents. You’re ready to take on a new challenge. And, undoubtedly, your second…
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Selling or transferring a Residential Care Facility for the Elderly (RCFE) can bring new life to both the buyer and the seller. The party selling gets to liquidate their investment in the facility, enabling them to pursue retirement or another venture. And the buyer gets to take over a facility that’s already functioning, helping to…
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Running a Residential Care Facility for the Elderly (RCFE) can be a way to make a positive impact on the lives of your residents while creating a steady income stream for yourself. It’s a win-win, but it does come with its fair share of challenges. To start, you need to decide if you want to…
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You know that each person living at your Residential Care Facility for the Elderly (RCFE) comes with their unique preferences and requirements. They’re more than their medical diagnoses and their dietary restrictions. They’re a whole person with a wide range of passions, desires, and needs. The better your staff can meet them in a way…
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At any Residential Care Facility for the Elderly (RCFE), providing care means investing in residents’ wellbeing. Fortunately, the staff at the RCFE doesn’t have to navigate this alone. By partnering with healthcare providers, team members can get support and guidance. Benefits of Strong Healthcare Partnerships When RCFE owners and managers establish and maintain relationships with…
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Art and music bring a lot of beauty and joy into our lives. At a Residential Care Facility for the Elderly (RCFE), those things can be particularly welcome. Whether residents are frustrated with their increasing loss of mobility or cognitive abilities, they would likely welcome the added dose of happiness that music and art can…
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For your Residential Care Facility for the Elderly (RCFE) to function its best, your team needs to work well together. That makes it important to understand and put work into managing multi-generational staff dynamics. The expectations of your Boomer staffers are probably fairly different from your Gen Zers, for example. Fortunately, when you foster a…
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