Offering a full range of consulting services, Northstar Senior Living has helped clients throughout the country achieve extraordinary results in start up ventures, high performing communities, conversions and turn-around opportunities. Northstar works with you and your associates to evaluate opportunities, establish goals, and achieve results.
Professional Senior Living Consulting Services at Northstar Senior Living
Northstar Senior Living is equipped to offer assistance in selecting and evaluating senior living acquisition targets. Our industry experience and systematic approach to asset selection will help assure that good decisions are made from the start. Northstar can provide demographic, competitive, property, and labor market analyses.
In addition, Northstar will send a due diligence team to evaluate the community operations including: sales and marketing, nursing services, food service, maintenance, housekeeping, information systems, business office, activities, and more. The physical plant and competitors are also evaluated during the due diligence period. All of these components are considered and presented to our clients in the process of evaluating a potential acquisition.
Northstar can effectively help owners evaluate their particular project resulting in more cost effective and quicker decision making.
The quality of financial forecasting is critical when considering a new acquisition, a new development project, or modifications to an existing senior living community. Northstar Senior Living’s analytics provide you with a project pro-forma that will allow you the ability to analyze and make solid decisions about your potential project. Because of Northstar’s industry expertise our forecasts can be depended upon for real world decision making. Northstar Senior Living is committed to providing you with a forecast that is realistic and attainable.
Northstar has developed hundreds of forecasts of every type of senior living product and in every type of market. Using our cost and revenue standards, Northstar provides reliable benchmarks for your future operations. Our pro-forma products are delivered to you quickly and economically. Northstar’s finance and operations teams are always available to discuss the forecast with you. Let us support your investment decision with a pro-forma you can rely on.
Most of the challenges facing a senior living community can be addressed and corrected with the right property manager. However, location, location, location, holds true in the senior living industry. Northstar will assess your target market and provide you with a market study to assist in your decision making process. Understanding your market can mean the difference between success and failure of your development or acquisition project.
Northstar’s market assessment goes beyond standard demographics. Northstar will provide you with an assessment of each competitor and how they compare with your proposed project. There is no substitute for Northstar’s industry experience when evaluating your particular market and competitors. Help assure the success of your project with a Northstar Market Assessment.
Northstar can help the project developer and designers determine key factors in community layout, unit mix, amenities and other key functional areas of a successful and efficient senior living community. Many questions are raised during the development and financing process. Northstar’s depth of experience can provide answers to these questions and move the project to a swifter completion. Your community will be more efficient and much better equipped to address the future demands of the senior living industry when Northstar is your partner. We bring our expertise as a senior living operator to the development process.
Some of the many consulting services Northstar can provide to developers include:
Whether it be new construction, prior use conversion to senior living, or community service repositioning, Northstar Senior Living can provide all of the resources necessary to successfully complete your project.
Let Northstar Senior Living be your single point of contact for all your senior living needs. When you need an arm’s length arrangement for your assets, Northstar has both the expertise and the systems to assure your investors and lenders that their investment is being monitored and managed effectively. Our asset management services provide an economical way to provide comparable and consistent metrics and reporting across your entire senior living portfolio.
Caring for a loved one is a fulltime commitment that often presents a difficult situation when looking for temporary care. Whether on vacation or otherwise unavailable, you always have an answer with respite care at Northstar Senior Living.
Our Respite Care services are the solution to making sure your loved one receives the assistance they need. Respite is ideal for those who need transitional assistance after an illness, surgery, or a hospital stay and are not quite ready to go home alone or even with family.
Respite care gives the primary caregivers or family members a chance to take a break by going on a vacation or just taking a few days to relax while knowing your loved one is being well cared for. Respite stays may be as short as a few days, or as long as a few months.
The word “hospice” stems from the Latin word “hospitium” meaning guesthouse. It was originally used to describe a place of shelter for weary and sick travelers returning from religious pilgrimages.
The hospice program at Northstar Senior Living was designed to deliver palliative care to individuals who are in the final stages of a terminal illness. At Northstar, we believe that through effective, compassionate care, patients can approach the end of their lives with dignity and comfort in the midst of a caring environment sensitive to their needs. We do this by helping our patients achieve physical and emotional comfort so they can concentrate on living life as fully as possible.
According to the Hospice Foundation of America (HFA) the following are guidelines and principles regarding hospice services. Northstar Senior Living hospice care embraces these principles.
Skilled nursing refers to a patient’s need of care or treatment that can only be done by licensed/skilled nurses. Our programs are designed to aggressively rehabilitate individuals back to their highest level of independence and functioning. Our nursing staff understands the many challenges involved in the rehabilitation process, but with their high quality experience, they are able to overcome many of the barriers and produce positive results. Our skilled nursing facilities, are residential facilities where patients can receive the very best in skilled nursing services 24 hours a day.