Every minute and dollar counts. Yet, many facilities are unknowingly bleeding resources through outdated admissions processes. Let's pull back the curtain on these hidden costs and explore how they impact your bottom line.
The Cost: $11,250 per year per facility[i]
When your admissions team is buried in paperwork, spending 1-2 hours with every family, they lose opportunities. This manual approach:
The Cost: $300,000 per year per facility[ii]
Inefficient processes slow you down AND actively drain revenue:
The Cost: In 2023, CMS issued more than 31,000 fines related to deficiencies, including admissions failures and other regulatory violations, with an average fine of $18,056.[iii]
Manual processes are a minefield of potential violations:
Inconsistent application of policies
Difficulty tracking compliance metrics
Increased risk of documentation errors, including unsigned arbitration agreements, which can lead to costly litigation.
The Cost: $8,125 per year per facility[iv]
When your team is constantly putting out fires and drowning in paperwork:
Job satisfaction plummets, leading to higher turnover
Recruitment and training costs skyrocket
Quality of care may suffer due to overworked staff
The Cost: Immeasurable lost potential
When your admissions process demands constant attention and troubleshooting:
Strategic priorities take a backseat
Innovations in resident care and facility management are overlooked
Competitive advantages slip through your fingers
The good news? These costs are not inevitable. By streamlining admissions, you give everyone more time back. With a foolproof process from beginning to end that goes beyond PDF, you can:
Allocate more time and resources to high-impact initiatives
Ensure compliance with automated checks and standardized processes
Improve first impressions and resident experiences
Stay ahead of the curve
Reclaim your time, your sanity, and your passion for care. We're here to help.
[i] Formula: (Hourly rate per admissions coordinator) x (time per admission) x (number of admissions per month) x (12 months per year); Assumptions: $31.25 per hour per admissions coordinator; admissions process currently taking 1.5 hours, facility has, on average, 20 admissions per month [ii] Formula: (Average Revenue per Admission) x (Number of Missed Admissions) x (12 months per year); Assumptions: $5,000 average revenue per admission ($250 per day x 20-day stay); 5 missed admissions per month [iii] CMS Data, NursingHome411 [iv] Formula: three-month salary x .5; Assumptions: 1 admissions coordinator per facility; 30% turnover rate; $65,000 salary per year ($5,416.67 per month) per admissions coordinator; 50% of annual salary to replace for three months