Why is a non-healthcare environment important?
Delivery of healthcare services carries with it the burden of Federal and State regulation, increased staffing costs, expanded operational liability and overall higher costs of operation. Certificate of Need controls and restrictions were applied to the Healthcare Industry over 30 years ago to control the amount of growth and financial drain for Medicaid and Medicare funding. Recently, many States have now applied this control process to the Assisted Living Industry, limiting or closing various Market location opportunities. This Regulatory Governance to Assisted Living, in those Markets will significantly limit growth of those facilities, and direct residents to Crossage Supportive Living, thereby eliminating the Assisted Living competitor. The Crossage, Independent Supportive Living Residences are NOT subject to this Regulatory control.
