Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Valley High memory-care unit fills 21 beds, helps narrow operating deficit
Summary
Heart of the Valley memory-care unit reached full occupancy within weeks of opening and is contributing to a reduction in the facility's operating loss; administrators say August revenues are about $150,000 higher than July and the project is tracking close to budget.
Valley High Operating Community administrators told members Oct. 3 that the new Heart of the Valley memory-care unit reached full occupancy within weeks of opening and is already improving the facility's financial position.
The administrator said all 21 beds in the memory-care unit were full and that the facility's August revenue was about $150,000 higher than July, narrowing a mid-year operating shortfall. "In August, our revenue is a $150,000 more than it was in July," the administrator said, adding the organization's net loss fell from about $257,000 in June to about $129,000 in August.
The unit opened June 23 and, according to the administrator, reached a stable…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
