Nursing homes have to balance the delivery of high-quality care while ensuring financial viability in an increasingly challenging and competitive environment. Nursing home financial viability is an area of increasing concern due to increasing competition from alternative providers, declining occupancy rates, and a changing regulatory environment. At 5 % annually, the home health care service industry is the fastest-growing industry in the United States, according to AMNHealthCare.Now is a great time to launch an In-Home Health Care Service company as the industry's growth is being spurred by reports of "greater patient satisfaction, greater patient compliance with treatment, and more proactive care". Financial statement indicators The financial statement ratios included in this section illustrate the financial condition of nursing facilities. Valuable insights into a facility's financial condition and operational performance can be gained through analysis of key financial statement indicators. ©2017 CliftonLarsonAllen LLP 6 CLAconnect.com NURSING FACILITY FINANCIAL REPORT. Other Home Office Personnel 385. QMRP 388. Office & Clerical Personnel 389. Legal & Accounting Fees - See Instructions 391. Advertising - All Other 392. Expenses on Financial Statement or Tax Return not on Schedule E Specify Specify. Specify. 551. Total Expenses from: (Check Source) certified public accountants 205 main st. , p.o. box 1886 , sterling, co 80751-7886 phone 970-522-2218 , fax 970-522-2220 independent auditors' report to the board of directors washington county nursing home akron, colorado report on the financial statements we have audited the accompanying financial statements of the washington county … To become the most trusted and most successful nursing home in Detroit To achieve the net profit margin of $10k per month by the end of the first year, $15k per month by the end of the second year, and $25k per month by the end of the third year To balance the initial cost of the startup with earned profits by the end of the first year Schedule 13-Rainycrest Home for the Aged 35 Schedule 14-Community Support Services 36 Schedule 15-Community Paramedicine 37 Schedule 16-Assisted Living 38 Notice To Reader 39 Financial statements are not precise since they incLude certain amounts based on estimates and judgments. When aLternative accounting methods exist, Pine Crest Nursing Home Notes to Financial Statements Note 1:Summary of Significant Accounting Policies(Continued) Net Position Net position of the Facility is classified in three components. Our analysis suggested that for-profit nursing home administrators were most disappointed, but they were not alone. Ninety-two percent of the for-profit group said that their nursing homes' net income was insufficient, and 80 percent of the administrators from nonprofit and city/county nursing homes agreed. Solution. Bright House aims to be that home for 14 lucky full-time assisted living residents, offering medically-skilled care in a respectful, self-sustaining community, and offering skilled nursing care for short-term residents. On our beautiful, newly remodeled 6 acre property (the former Wayfield Bed and Breakfast) in the small college town Legal expenses for obtaining licenses and permits - $1,500. Marketing promotion expenses for the grand opening of St. Paul Linus® Nursing Home, LLC in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 pe