{"id":35678,"date":"2023-04-14T09:24:58","date_gmt":"2023-04-14T16:24:58","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=35678"},"modified":"2023-04-11T09:26:53","modified_gmt":"2023-04-11T16:26:53","slug":"capturing-care-revenue-yardi-shn","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/capturing-care-revenue-yardi-shn\/","title":{"rendered":"Capturing Care Revenue"},"content":{"rendered":"\n

How are today\u2019s senior living operators building success and boosting their bottom line? In a recent article, Senior Housing News (SHN) highlights how some operators are getting creative to reach their goals \u2014 specifically, using technology to accurately capture care revenue.<\/p>\n\n\n

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The article is packed with valuable insights, including those from our own senior director of sales, Richard Nix. Read the summary below then head to SHN to read the full post<\/a> (requires SHN+ membership).<\/p>\n\n\n\n

Using technology to properly capture care revenue<\/strong><\/p>\n\n\n\n

In today\u2019s landscape, senior living organizations are facing margin compression and an ongoing staffing shortage. That means leaders are tasked with finding innovative ways to meet challenges head-on, with the goal of retaining care staff, boosting resident satisfaction and ultimately, growing their occupancy and increasing revenue.<\/p>\n\n\n\n

While operators have taken different approaches, one that has been particularly successful is learning to properly capture care revenue \u2014 and using technology to do so.<\/p>\n\n\n\n

Operators featured in the article explain their missteps prior to implementing the right tech solution, such as charging inaccurate rates. As these leaders have now discovered, integrated solutions like Yardi EHR<\/a> have the power to eliminate those missteps entirely.<\/p>\n\n\n\n

How Yardi helps operators drive success<\/strong><\/p>\n\n\n\n

To illustrate just how helpful technology can be in capturing care revenue, Richard Nix \u2014 our senior director of sales in senior living \u2014 joined SHN for an interview. His conversations are included in the SHN article<\/a>, but we\u2019ll summarize the key talking points.<\/p>\n\n\n\n

Nix shares that integration with an operator\u2019s EHR platform helps reduce gaps in resident assessments, which improves their ability to get a holistic picture of a community\u2019s resident care service lines \u2014 and identify where care billing could improve.<\/p>\n\n\n\n

\u201cOne of the biggest challenges to driving care revenue right now is that missed opportunity where there\u2019s a change in condition and an operator is not capturing it,\u201d Nix shares with SHN<\/a>. \u201cHaving any EHR that feeds into an accounting system really can streamline that process and from a revenue perspective you can shorten that cycle.\u201d<\/p>\n\n\n\n

That describes Yardi EHR<\/a>, a full-service electronic health record solution in the Yardi Senior Living Suite<\/a>. As Nix describes, Yardi EHR integrates with key elements of an operator\u2019s business to offer accounting, resident billing and analytical reporting.<\/p>\n\n\n\n

More on Yardi EHR<\/strong><\/p>\n\n\n\n

If Yardi EHR is completely new to you, we suggest watching our on-demand webinar<\/a> to get started. The quick description is that Yardi EHR simplifies record keeping for senior living organizations, limiting liability and enhancing resident satisfaction as a result.<\/p>\n\n\n\n

In relation to today\u2019s topic, Yardi EHR offers customized billing based on resident preferences, state requirements and any additional factors. A full general ledger designed specifically for senior living simplifies accounting by eliminating data input conversions, capturing all care cost data and instantly reflecting changes in care.<\/p>\n\n\n\n

If you prefer to read more on Yardi EHR versus watching the webinar, head to our product page<\/a>.  <\/p>\n\n\n\n

Learn from Yardi and SHN<\/strong><\/p>\n\n\n\n

If you\u2019re an SHN+ member, you can read the entire article here: Data Equals Dollars: Senior Living Providers Blaze New Trails to Capture Care Revenue<\/a>.<\/p>\n\n\n\n

Wanting to chat with us about Yardi EHR \u2014 or anything else in the Yardi Senior Living Suite? Get in touch today<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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