Software for senior living management, also known as assisted living software, offers solutions for better managing the tenants of senior living facilities. These solutions involve residence security, management, and welfare, improving interaction with the residents and their families. Senior living software targets to grow the quality and effect of the services offered by these senior living facilities.
A lot of features are added to the software that can support the employees in better managing and facilitating the residents. Thus, selecting the best technology is significant for growing your business, bringing in residents in today’s competing senior living landscape, and offering seniors the best feasible community they can call home.
This software is also mixed with the health and medical systems that are previously incorporated into the facility. The software may also give a comprehensive record of the medical record of the residents. For this, the software is incorporated with the electronic health record solutions used by the facility. Different software solutions that may be combined with senior care software are accounting, SRM, etc.
Here is a complete introduction to the concept, the need for senior living software, and essential features that are helpful in managing an assisted living community.
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Why Assisted Living Facilities Need a Senior Living Software?
A well-managed residence for senior people, individuals with unique requirements, and differently-challenged people need various services. These services differ as per the requirements of the residents living in such facilities. There are a lot of variables included that simplify the business administration for these assisted living facilities. So, many financial and management software tools are considered by facility managers.
The significance of an assisted living service is that the residents are not only natives; most of them are patients too. Therefore, it is important to mix facility property management with the needed scale of health care. The only method this integration can be confirmed to be working is by particular software and technical help that brings synchronization in all the functional dimensions involved.
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What Features Are Included in a Senior Living Software?
When describing the important features that must be present in assisted living software, the features are classified into 3 major classes such as property management, health care, and financial management.
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Property management
These features are needed to manage and record the data associated with the residential facility and the residents using the space. These are fundamental needs of an operational and successful property management system and must be involved in processing the data records linked to the residents.
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Rental earnings
Any possession that has been rented generates an earning in the type of rent obtained by the occupants. The property management system must give a clear image of the earnings and costs associated with each unit involved in the facility. The balance of earnings and expenditures should be regarded as judging the net rental pay obtained from the unit.
Together with this, the system needs to allow one to check the specific relationship between the renter and the owner in contractual terms.
Lease management
Lease agreements are the initial need to discuss the connection between the leaseholder and the possessor. The agreement must include the conditions on which both parties settle.
Upkeep or maintenance requests
The landlord or owner is liable for the upkeep of the possession by assuring that all the maintenance requests are fulfilled. The software should keep a record of the maintenance requests, costs associated with the task, a list of stock of the tools needed, etc.
Activities management
An assisted living service provider should organize activities to keep the residents involved and active throughout their stay. The senior living management software should have the holdings to arrange these events and keep a record of the itinerary needed to be tracked throughout the event.
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An essential feature of this kind of software is the health care support and system. With the software support, the facility can check the residents’ medical records and restore the present medical records. Here are the important features that must be in a successful software to hold the health care of the occupants.
EMR or Electronic Medical Records
Healthcare software should be capable of supporting and managing a considerable sum of data associated with the medical data of the residents. Through an EMR system, the facility can automate reviewing of the residents’ records.
Management of medical bills
The medical billing system is quite complicated. It requires recording the person to whom the bill is addressed, who reimburses it, insurance, medical claims, etc. The system should have the needed system to check whether the claims can be approved, check the candidates’ eligibility, and stay connected with the third party for claim acceptance.
An effective billing system should function as a mediator between the assisted facility, insurance company, medical claims, and patients.
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Financial management features
The assisted facility is a kind of business model. It helps the facilities in managing their finances and accounting to ensure the business’s smooth working. Below are the software features for the financial management of a facility:
Asset management
The software should possess the features to check the payments and verify the outstanding ones. The accounts receivable has to integrate with the management of the medical billing system to record the payments as well as an income obtained from different sources.
Liability management
The software should also keep a payment record that the facility needs to make. These involve the payables to suppliers, vendors, and different resource providers working at the facility. The software must be able to invoice the transactions required and record the files linked to the payment.
Ledger keeping
A general ledger is needed to keep track of the financial information of the assisted living facility. The reductions and data kept in a ledger help produce results for financial reports.
Business intelligence
The software should possess diverse programs by which the finances can be checked. Business intelligence management can be employed to prepare reports that show the performance of the facility whereas also featuring an area for enhancement.
Payroll and HR management system
The employees working at the facility require management to assure their capacity and work performance. An automated payroll system allows employees to be given salaries on time. And the HR management system incorporated in the software can help record employee data, presence, and different data associated with the employees.
Conclusion
So, senior living software can improve the effectiveness of your business by automating unnecessary processes. It also decreases the costs related to these processes and the functional management of the assisted facility. You can find help for your business by hiring a leading software provider like Glennis Solutions to manage the business effectively and hassle-free.
