Rethink Podcast #9: Altenheim Senior Living CEO Paul Psota

The 9th episode of our podcast, Rethink, is now available!

The challenges of government reimbursement and shifting consumer demand have hit non-profits in the skilled nursing space particularly hard. Many of them have exited the business entirely, with independent non-profits and local governments moving to cut their losses and sell. Non-profit continuing care retirement communities (CCRCs) have also shied away from the sector, with some companies exploring CCRC-like models without any skilled nursing at all.

But Altenheim Senior Living, a CCRC in Strongsville, Ohio, has no plans to eliminate its skilled nursing presence. The non-profit has 170 skilled nursing beds, and got its start more than 100 years ago as a nursing home. That said, it has moved to diversify its offerings in the face of increasing reimbursement pressures.

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In this episode of Rethink, Altenheim CEO Paul Psota discussed the company’s evolution in the changing skilled nursing world, as well as the role of skilled nursing in senior living. 

Listen to this episode to hear:

  • How Altenheim began evolve beyond skilled nursing, starting with assisted living
  • Why it decided to purchase an outpatient therapy provider
  • How SNFs can benefit from short-term rehab amid the push to lower-cost settings

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