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Chief Operations Executive for Senior Living
2 months ago
SAK Healthcare is recognized for delivering transformative solutions in the healthcare sector, particularly for assisted living, skilled nursing, and long-term care facilities.
Moreover, SAK frequently acts as the Receiver for various facilities and serves as the Patient Care Ombudsman when necessary.
Position Summary
The Chief Operations Executive will manage the operations of senior living and healthcare facilities, implementing revenue-enhancing programs that align with the strategic objectives of our clients.
This role will also focus on identifying and refining organizational processes to boost efficiency, cut costs, and elevate the quality of services provided to our clients and the facilities we oversee.
The individual in this position will regularly report to clients with operational updates and will be responsible for executing strategic initiatives in collaboration with our operating and investment partners.
Key Responsibilities
Oversee the operations of senior living and long-term care facilities, focusing on the implementation and enhancement of processes and procedures.
Identify innovative solutions for cost containment and revenue growth opportunities.
Manage daily operations, including production, supply chain, logistics, and facilities management.
Present operational results and activities on a weekly basis to client representatives and stakeholders, which may include owners, operators, lenders, investors, and landlords.
Develop and maintain corporate relationships with key stakeholders, ensuring robust partnerships that support the mission and vision of SAK Healthcare.
Coordinate cross-functional teams to ensure successful project delivery from inception to completion, adhering to timelines and budget constraints.
Analyze data to make informed decisions that drive revenue growth, optimize resources, and enhance overall organizational performance.
Establish and uphold quality standards for services, ensuring compliance with regulatory requirements and client expectations.
Implement quality control measures and performance metrics to maintain high standards.
Identify operational risks and devise mitigation strategies to minimize their impact on business operations.
Ensure adherence to relevant laws, regulations, and industry standards.
Identify areas for process enhancement and oversee the implementation of new systems.
Prepare and deliver comprehensive reports as required by clients and the needs of each engagement.
Contribute to asset management strategies and support the asset management team.
Review, comprehend, and negotiate contracts for services provided to clients.
Facilitate the transition of property operations for newly acquired assets.
Collaborate closely with the Executive Management Team to implement new engagements, strategic initiatives, and innovative solutions.
Qualifications
A Bachelor's degree is preferred, along with a minimum of 7 years of direct experience in senior living or healthcare operations.
Demonstrated experience in a senior leadership role overseeing operations within a complex organization.
Strong understanding of business operations, including production, supply chain management, and financial analysis.
Experience with transitioning operations during property ownership changes.
Proven ability to negotiate contracts for services.
Demonstrated capacity to develop and implement strategic plans aimed at achieving operational excellence and business objectives.
Ability to comprehend real estate investment decisions related to senior living assets.
Excellent interpersonal and communication skills, both written and verbal, with internal teams and external partners.
Proven ability to manage multiple projects and priorities in a dynamic environment.
Familiarity with relevant software and tools for process optimization and project management.
Ability to meet business plans and strategic objectives.
Strong organizational skills, attention to detail, and ability to multitask.
Willingness to work a flexible schedule and travel as required.
Proficient in MS Office programs; experience with Yardi and PCC is a plus.
Work Arrangement
This position may be hybrid, allowing for both remote work and collaboration with the corporate team.
Competitive salary starting from $160,000 per year, along with a comprehensive benefits package including 401(k), health insurance, dental and vision coverage, life insurance, and paid time off.
Schedule: Full-time, Monday to Friday, 8-hour shifts.