Is the Household Model affordable?
The complexity of this question can be daunting . . .
Each organization has its own unique variables – market demand, financial position, physical plant configuration, and operational objectives. This workshop is designed to teach the leaders of organizations how to navigate and interpret their unique variables to assess the affordability of the Household Model. Armed with this knowledge, leaders can strategically sequence the critical pathways to transformation and will have the baseline information needed to sell the Household Model to their Boards.
During the highly interactive workshop, attendees will participate in assessing various case studies and learn how to:
• Assess an existing building’s layout; determine retrofit potential
• Calculate rough estimate of upfront capital costs for retrofit or new construction
• Analyze organization’s existing financial health and capacity
• Fund upfront capital costs with mix of debt, equity, fundraising
• Assess impact of transformation on revenues and expenses to determine whether improvements can service the debt over time.
Presenter: Martin Dickmann is Executive VP, Planning and Financial Services of Action Pact Development. Martin has been involved in a wide variety of Household Model planning and development projects. His role primarily focuses on helping the planning and development team achieve a project that is financially viable and can ultimately be financed. Prior to founding Action Pact Development, Martin worked as a Healthcare/Senior Living Feasibility Consultant for BDO Seidman, LLP and Larson Allen, LLP, where he worked on examinations of financial forecasts that led to financings cumulatively valued at over $1 billion.
Sessions begin at 8:30am and continue until 3:30pm. Lunch is included. (Vegetarian option available upon request.)
Workshop fee: A single registration is $250. When sending three people from the same organization, the third person is half price.
* The National Continuing Education Review Service (NCERS) of the National Association of Boards of Examiners of Long Term Care Administrators (NAB) has approved the above named program for 6 clock hours.
* Cancellations must be requested at least one week prior to the workshop. If you wish to transfer your registration to another session, you may do so at no charge, but please let us know as early as possible so we can fill your seat.