In today’s unpredictable senior living environment, financial leaders are under pressure from fluctuating occupancy, rising labor costs, and constant regulatory change. Your Guide to Scenario Planning for Senior Living by Prophix Software explains how senior living organizations can use scenario planning to manage uncertainty and improve financial performance. It describes scenario planning as evaluating multiple possible futures to guide decisions and maintain agility during market changes.
The guide compares traditional spreadsheet forecasting with modern cloud-based financial performance platforms that bring together real-time data and automate analysis. It outlines the main steps of setting objectives, identifying key drivers, collecting data, and developing practical scenarios. By exploring best, moderate, and worst case outcomes, leaders can anticipate risks, allocate resources effectively, and respond quickly to change.
