NEW YORK: A seminar will address how to extend the business life of any old nursing home.
The business plan involves six new revenue streams. The seminar will deal with badging and branding; the concept of hubbing; the new style nursing ‘commando’ concept; small neighbour partnerships and developments; integration with the local community and adapting to the new view on hospice management.
One case study deals with an operator in a semi-rural position who completely overhauled a loss of $150,000 into an annual profit of $500,000 within 18 months…