Episode 78 | How To Get $12,000 Per Month For A Room With Medicaid In Assisted Living
In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson explores how to generate $12,000 per month per room with Medicaid in assisted living. He breaks down the differences between Medicare and Medicaid, and explains the intricacies of state-administered Medicaid programs, including billing codes, reimbursement rates, and the Rent, Utilities, and Food (RUF) payment. Brandon also discusses the certification process for becoming a Medicaid provider and shares a real-life example from his own facility, demonstrating how to achieve substantial income by leveraging Medicaid. Listeners are encouraged to apply to the mastermind program for personalized guidance.
00:00 Welcome to the Assisted Living Investing Podcast
00:54 Understanding Medicaid and Its Role in Assisted Living
01:59 Medicaid Reimbursement and Payment Structures
06:02 Becoming a Certified Medicaid Provider
09:00 Real-Life Example: Achieving $12,000 Per Room with Medicaid
14:03 Conclusion and Next Steps
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 the Mastermind today: alimastermind.com/application
Join the Bussiness Foundation Basics Workshop: Assisted Living Business Foundation Basics
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
Marketing Made Simple by Donald Miller: https://amzn.to/3ECoNY5
Who Not How by Benjamin Hardy : https://bit.ly/whonothowbooklink
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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