RSC International was asked to step into a temporary management role with a 92 bed assisted living and memory care facility in order to stabilize the operations. RSC discovered misappropriations of owner funding and multiple regulatory violations. Occupancy was at 43% and the facility was issuing cash calls of over $60,000 monthly. Within 7 months, occupancy was at 78% and generating a positive NOI.
RSC International was initially hired as a consultant to the owners of a 149 unit converted hotel assisted living in northern Arizona. The facility had been open for 6 years and had yet to cover operating expenses. The building was 94% Medicaid and expenses were out of control with overall occupancy at 35%
RSC quickly put controls in place and was able to stem the high operating costs and make recomendations to increase occupancy while changing the payor mix.
RSC took over management of the project in 2012, created a 30 unit secure memory care unit and took the occupancy from 68 residents to 92 in less than 14 months. these changes, along with a 37% increase in private paying residents has created a significant change in financial performance.
RSC International was asked to take over management of a newly constructed assisted living and memory care facility. The property was not meeting expectations with only 8 residents in 5 months and the relationship between the previous management company and ownership was irreparably soured.
RSC changed the image and perceived philosophy of the building within the local market, redesigned the pricing strategy to make it more understandable and attracted local talent to work in the facility.
Adjusting the staffing patterns and placing controls with expenses stemmed the significant monthly financial demand from ownership. Occupancy rose 250% in the first 5 months.