Episode 225 | How to Make $6K/month with One Bed in Assisted Living

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If you’ve been thinking about starting but feel overwhelmed, this video will show you what’s actually holding you back.

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In this episode, I break down the exact financial math behind generating $6,000/month per resident ($60,000+/month in a 10-bed home). I clarify the difference between Medicare and Medicaid, reveal how state waiver programs function, explain the two core Medicaid payment components (RUF + Daily Rate), and show how proper EHR clinical documentation allows you to ethically maximize care rates.

Chapters

00:00 - Can You Make $6,000/Month Per Bed with Medicaid?

01:38 - Medicaid vs. Medicare: Key Differences for Care Homes

03:27 - State Medicaid Waiver Programs Explained (EB Waiver, Mental Health, Medi-Cal)

06:05 - Why Corporate Facilities Avoid Medicaid (And Why Small Homes Win)

07:25 - The 2 Payment Components: RUF (Rent, Utilities, Food) vs. Daily Rate (DR)

11:34 - How to Find and Read Your State’s Medicaid Fee Schedule

13:28 - Level of Care (LOC) Assessments & Nurse Reassessments

16:05 - Real Facility Breakdown: Calculating $6,012/Month from One Bed

19:04 - Using EHR Technology (ECP, ALIS, CareRes) to Document & Boost Daily Rates

21:16 - Scaling 10 Beds to $60,000+/Month in Total Revenue

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📚 Free Resources:

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• Underwriting Calculator: https://assistedlivinginvesting.net/calculator

• Meeting Agenda Template: https://www.assistedlivinginvesting.net/meeting-agenda

• Grant Writing Template: https://assistedlivinginvesting.net/grants

• Sample Lease Agreement: https://assistedlivinginvesting.net/lease-agreement

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🏡 Learn more about my assisted living facilities: https://www.beewellassistedliving.com/

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