Feasibility Analysis of Converting Nursing Home Beds into an Assisted Living Program
Bon Secours Schervier Nursing Care Center is a highly skilled nursing home with 364 beds. Located in Riverdale, Bronx, the facility cares for geriatric residents from the surrounding New York City area. The New York State Department of Health has initiated an Assisted Living Program (ALP) with a goal to add 6,000 ALP beds, while decreasing an equal number or more of nursing home beds. The Capstone team was brought in to determine how Bon Secours can provide ALP services that meet the needs of the local community. The team extensively researched ALP regulations and protocols and performed a market analysis of both current and prospective residents and patients. The Capstone team provided Bon Secours with a preliminary assessment of financial feasibility based on payer mix of Medicaid and private pay.