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Category Archives: Blog Article
How to Price Your RCFE Home the Right Way
When it comes to selling your RCFE, you want to get the best price possible. That could explain why so many RCFE homeowners are eager to sell in today’s market. After all, many RCFE houses are selling for more than the asking price due to record-low availability and tremendous buyer demand. According to the National Association of Realtors (NAR), 46 percent of properties are …
Sellers Guide for RCFEs
Sales Process We know it may be difficult to make the ultimate choice to sell your RCFE. You may have put years of effort, passion, sacrificed countless days, weeks, and years ensuring you provide quality care. Here at A-med Realty Group we understand that your facility is more than just a business. It has become an interictal part of your life and many of …
The benefits of purchasing an RCFE property right now
The financial advantages of purchasing a property used as an RCFE over leasing one are debatable but one significant aspect that may be overlooked is the chance to accumulate wealth by building assets. With the rise of covid once again the market seems to be going in a similar trend that followed during the first occurrence of covid; housing properties will exponentially rise in …
Experts predict a sharp increase in instances of O.C. ...
As the population ages, Alzheimer’s disease, which causes progressive mental degeneration, is on the rise. The California Department of Public Health has some startling figures: By 2040, the number of Orange County adults aged 55 and up who have Alzheimer’s disease will have increased by 122 percent, and those aged 65 and up will have increased by 136 percent. The1 county’s growing number of …
The Department of Developmental Services just released...
The Department of Developmental Services just released new rates that will be effective January 1, 2022. These are for Community Care Facilities that provide Residential Services to Individuals with Intellectual Disabilities. To view rates click on the link below.https://www.dds.ca.gov/rc/vendor-provider/vendorization-process/vendor-rates/
The three biggest reasons why RCFE’s fail
We are all prone to making mistakes as humans. Even in businesses where a single mistake may spell the difference between life and death, mistakes happen. But just because it’s “human” to make mistakes doesn’t make it right. RCFE Administrators, in the case of our aging senior population, have a responsibility to the health and welfare of their residents, who have grown completely dependant …
Fraud and Abuse uncovered within the Hospice Industry
After a Los Angeles Times investigation uncovered rampant fraud and abuse in the Hospice Industry, Legislatures are taking swift action to change laws. A ban on new licenses, as well as changes aimed at combating rampant fraud in end-of-life care, will put a stop to decades of unrestrained development in the California hospice business on January 1, 2022. The license embargo, as well as …
Starting a successful RCFE 101
Are you thinking about opening a Residential Care Facility for the Elderly (RCFE)? This will make a significant impact in the lives of the elderly and their families, but it’s also a potentially good business decision because it’s a fast-growing market, especially given the aging population. But be aware that there are a few challenges to overcome, and it isn’t quite like launching a …
Is Owning an Assisted Living Facility Profitable?
The short answer is yes and that’s because baby boomers have changed and will continue to affect the demographics of the United States. According to census.gov, there are around 73 million baby boomers in the United States now. After millennials, they are the second-largest age group. The large bulge will add to the general aging of the American population in the future years as …
What is an RCFE home?
What is an RCFE home? Residential Care Facility for the Elderly (RCFE) is an acronym for Residential Care Facility for the Elderly. A RCFE is a non-medical facility that provides a degree of care that includes help with activities of daily living. “Assisted Living” or “Board and Care” facilities are other names for residential care homes for the elderly. RCFEs provide lodging, board, housekeeping, …