Any builder knows constructing a house requires more than just erecting four walls and a roof. Although those components are crucial, a house also needs a good foundation along with electrical and plumbing work.
In a similar vein, skilled nursing operator budgets are more than just money in and money out. Like building a house, a skilled nursing facility’s financial viability depends on many factors, all culminating in a term that Plante Moran Partner Patrick McCormick calls “financial architecture.”
