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Key financial patterns and analysis of CCRCs revealed in newest report from CARF

Annual ratio trends publication is a joint project of CARF, Ziegler, and Baker Tilly

Days cash on hand ratio
The “Days Cash on Hand” ratio is one of 17 financial ratios published annually by CARF. The publication presents the data for each financial ratio in graph and chart form with a full page of written analysis.

Jed Johnson, managing director of aging servicesOctober 17, 2018, Washington, DC — For the 26th consecutive year, CARF International has collected, analyzed, and published the financial trends of accredited continuing care retirement communities (CCRCs or life plan communities). The 2018 edition of the annual publication, Financial Ratios & Trend Analysis of CARF-Accredited Continuing Care Retirement Communities, contains data and analysis for 17 separate financial ratios sourced from the financial data of 149 single- or multi-site organizations.

The financial ratios publication is a joint project conducted by CARF, Ziegler, and Baker Tilly. Each year, accredited CCRCs submit audited financial statements to CARF, which are then aggregated and reviewed by the project partners to identify key financial patterns and trends impacting the senior living field. Each year’s edition is carefully maintained for validity of data over the previous decade.

Building on key developments in the industry, each new edition contains innovations to make the report more useful. The 2017 edition expanded Fitch credit rating categories to provide a broader basis for comparison. The 2018 edition continues the trend of improvement and growth.

Updates in the 2018 edition:

  • Available in digital format
  • Highlights key changes in accounting standards
  • Incorporates impact of tax reform as it relates to financing and bond issuance

“Comparing your organization’s results to like organizations, or looking at trends over multiple periods, helps to identify areas of strength as well as areas for improvement,” writes Michael Flynn, Chair of the Financial Advisory Panel (FAP), in his annual message included in the report. “The ratios can be used as a leading indicator to provide valuable information as organizations strategically plan their future.”

CARF International and  FAP members invite individuals interested in discussing the financial ratios and findings in this year’s publication to join a webinar on Tuesday, November 13, from 1:00–2:30 p.m. ET. Register, or read the webinar description here.

10/17/2018 9:00:00 AM

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