Accreditation can help you identify an organization in the senior housing and services sector that is more accountable for its business and financial practices.
Accredited organizations are better prepared because they have applied standards that address:
The standards also encourage regular review of financial performance, profitability, cash management, and investments. Accredited Continuing Care Retirement Communities (CCRCs) annually submit financial audit reports for review of margin/profitability ratios, liquidity ratios, and capital structure ratios.
To further support the long-term viability of accredited aging services organizations, the Financial Advisory Panel (FAP) provides strategic input into the financial standards.
To learn more, we encourage you to review the following resources: