RIVERSPRING LIVING
“ We have a longitudinal record , so we can treat residents better and help them for the rest of their lives ”
DAVID FINKELSTEIN CIO ,
RIVERSPRING LIVING
“ What we ’ ve been doing is reducing the number of beds in our nursing home because the need is less ,” he explains . “ People want to live at home or they want to live in alternate settings , as opposed to the nursing home .
“ Plus , most of our nursing home residents are under the state Medicaid programme , which hasn ’ t kept pace with reimbursement to our costs , so we lose money every single day for every patient we serve in our Medicaid programme .”
In reality , this means RiverSpring has been forced to pivot into other business lines to balance the books and survive , offsetting the losses being suffered at the nursing home with the surpluses earned from other areas .
Luxury independent living RiverSpring ’ s immense growth is perhaps best demonstrated by its plan for a state-of-the-art facility called River ’ s Edge .
Situated on a stunning , 32-acre campus by the Hudson River and just minutes from Manhattan , River ’ s Edge is what ’ s known as a continuing care retirement community , offering independent living with an insurance product wrapped around it .
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