Assessing the Affordability
of the Household Model
This workshop is designed to teach the leaders of organizations how to navigate and interpret their unique variables.
Is the Household Model affordable?
This question has been asked since the inception of households…
Each organization has its own unique variables – market demand, financial position, physical plant configuration, and operational objectives. This workshop is designed to teach the leaders of organizations how to navigate and interpret their unique variables to assess the affordability of the Household Model. Armed with this knowledge, leaders can strategically sequence the critical pathways to transformation and will have the baseline information needed to sell the Household Model to their Boards.
During the highly interactive workshop, attendees will participate in assessing various case studies and learn how to:
Assess an existing building’s layout; determine retrofit potential
Calculate rough estimate of upfront capital costs for retrofit or new construction
Analyze organization’s existing financial health and capacity
Fund upfront capital costs with mix of debt, equity, fundraising
Assess impact of transformation on revenues and expenses to determine whether improvements can service the debt over time.
About the Presenter
Martin Dickmann is Executive VP, Planning and Financial Services of Action Pact Development. Martin has been involved in a wide variety of Household Model planning and development projects. His role primarily focuses on helping the planning and development team achieve a project that is financially viable and can ultimately be financed. Prior to founding Action Pact Development, Martin worked as a Healthcare/Senior Living Feasibility Consultant for BDO Seidman, LLP and Larson Allen, LLP, where he worked on examinations of financial forecasts that led to financings cumulatively valued at over $1 billion.
Continuing Education
The National Continuing Education Review Service (NCERS) of the National Association of Boards of Examiners of Long Term Care Administrators (NAB) has approved the above named program for 6 clock hours.