If you own or are thinking about starting an assisted living facility, you’ve probably wondered: Can Medicaid pay for residents’ care?

The answer is YES! But there’s a process to get approved—and if you don’t know how it works, you might miss out on steady, long-term income for your business.

This...

Starting an assisted living business can feel exciting but also overwhelming. Where do you start? What steps should you take?

Good news—you don’t have to figure it out alone! This guide breaks down everything you need to know to launch your assisted living facility within a year. From choosing the ...

Starting an assisted living business is an exciting journey, but managing finances can be tricky. A business credit card can be a game-changer. From handling startup costs like renovations and staffing to covering daily expenses like groceries and supplies, it’s a tool that simplifies spending and h...

Running an assisted living business means juggling many responsibilities—and managing your finances is at the top of the list. Choosing the right bank can make or break your bottom line. Hidden fees and surprise charges can quickly eat into your profits, leaving you with less money to reinvest in yo...

Starting an assisted living business is exciting, but you’ll need a dedicated bank account to keep things running smoothly! Opening a business bank account may feel tricky, but with a little prep, you’ll be ready in no time. Let’s break it down!

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Why You Need a Business...

Building strong business credit is one of the most important steps to financial success in the assisted living industry. A solid credit profile makes it easier to secure loans, attract investors, and handle unexpected expenses. Plus, it protects your personal credit from business risks.

In this blo...

Running an assisted living facility is a big job, but it can also be super rewarding! One thing new owners often don’t realize is how much it costs to keep a facility running smoothly. If you don’t know your expenses ahead of time, you could end up with surprise bills that mess up your budget. Wheth...

Starting an assisted living business requires more than just a desire to serve others—it necessitates a thorough understanding of the financial complexities that drive success. Underwriting stands out as an important factor in ensuring that your enterprise is not only interesting to investors but al...