Episode 3 | What to do after you get certified for Medicaid at your Residential Assisted living facility

In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson walks beginners through the essential steps after being certified as a Medicaid provider for an assisted living business. Brandon discusses the certification process, including dealing with the governing Medicaid body in your state, filling out necessary forms, obtaining a certificate of insurance, and setting up bank information for direct deposits. He then elaborates on the importance of finding Medicaid residents and how to effectively market and create relationships with case management companies and other relevant organizations. Finally, he explains the billing process for Medicaid, highlighting the need for consistency and accurate record-keeping to ensure prompt payments. The episode concludes with a reminder to utilize available resources on their website, including free tools and a mastermind program to help you launch your assisted living business within a year.

00:00 Introduction to the Podcast
00:15 Free Resources for Assisted Living Business
00:32 Steps After Getting Medicaid Certification
02:44 Understanding Medicaid Certification
05:10 Finding Medicaid Residents
08:01 Billing for Medicaid
10:59 Recap and Final Thoughts
11:51 Closing Remarks and Resources

Resources Mentioned:

Visit our website, AssistedLivingInvesting.net, for additional resources, including our year-long mastermind program and free underwriting calculator.

Get your free business plan checklist today: https://urlgeni.us/alibpc

Learn about the Assisted Living Investing Mastermind: assistedlivinginvesting.net/mastermind

Apply for a free strategy call today: https://urlgeni.us/alistrat

Learn the five steps to help you start an assisted living business: https://youtube.com/live/dRVCa80SOyM

Get the 12 Week Year Book: https://amzn.to/4bAOpQf

Courses:
- Do you need guidance on your journey to launching your assisted living business: https://urlgeni.us/aliala
- Do you need help building your business plan: https://urlgeni.us/alibpg

FREE Resources:
- Business Plan Checklist: https://urlgeni.us/alibpc
- Calculator: https://urlgeni.us/alicalc
- Lease Agreement Template: https://urlgeni.us/alila
- ProfitPath Analysis Tool: https://urlgeni.us/aliprofitpath
- Grant Writing Template: https://urlgeni.us/aligrant
Need help with your payroll? Get Gusto: https://gusto.com/i/brandon9590

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