Posted on July 28, 2015July 12, 2017Categories General, Operating Expenses/Costs, Strategic Planning, UncategorizedTags , , , , , , , , , , , , , , , , , , , , ,

Is “Cost Creep” affecting your income statement?

  What is “Cost Creep”? How is it measured?  How does it affect your community, division, or company? What can you do to stay out in front of it?  These are some questions I hope to answer for you. Cost creep, in its basic form, is providing more care to residents than you are being compensated for. This can come about for many reasons, such as: an incorrect loaded hourly rate on which to base monthly service fees (MSF) and … Continue reading “Is “Cost Creep” affecting your income statement?”