This is an example based on KPI for senior living and long-term care facilities and operations. KPI reporting focuses on occupancy, revenue per day, full and part-time employee hours, and therapy costs. Payroll Based Journal required to meet census standard. A payroll Based Journal is required to ensure staff meet census standards. Verifying quality care is reported on Medicare.gov to determine admissions. Payroll Based Journal requires stress testing to ensure staff meet census standards, considering historical experience and industry-specific issues. The pandemic caused nursing staff shortages and increased costs, leading to increased expenses, and decreased revenue due to decreased residency applications. Use this scenario and identify additional elements of the stress testing process.

 

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Answer rating: 100% (QA)

Additional elements of the stress testing process in this scenario could include 1 Assessing the impact of the pandemic on staff availability and capa... View the full answer