ICON Financial Services
Your Financial Team for Senior Living
Running a senior living community means focusing on residents, not financial reports. But managing accounting, budgets, and compliance pulls you away from what matters most.
ICON Financial Services handles your complete back-office financial operations so you can get back to care.
ICON Financial Services
Your Financial Team for Senior Living
Running a senior living community means focusing on residents, not financial reports. But managing accounting, budgets, and compliance pulls you away from what matters most.
ICON Financial Services handles your complete back-office financial operations so you can get back to care.
Financing Senior Living Demands Specialized Expertise
Senior living financial management is complex. You’re juggling multiple revenue streams, managing occupancy-based budgets, and meeting regulatory requirements. Mix in Medicaid billing, Medicare reimbursement, and private pay collections, and the numbers get complicated quickly.
Most accounting firms lack expertise in senior care. They treat your community like any other business. But senior living requires people who know the industry inside and out.
We Only Work With Senior Living
ICON Financial Services provides financial services designed specifically for senior care communities.
Our Expertise Is Your Benefit:
We speak your language (census, payer mix, PDPM)
We understand your revenue models
We know your compliance requirements
We’ve seen your challenges before
Whether you operate one building or manage a portfolio of 100 communities, we scale with you. Our team becomes your financial department without the overhead of full-time hires.
Full-Service Financial Operations
We handle everything from daily accounting to strategic planning. Think of us as your outsourced CFO office, managing the complete financial function of your operation.
Our Core Services Include:
- Complete accounting operations (AR, AP, payroll, general ledger)
- Month-end close and financial reporting
- Annual budgeting and forecasting
- Financial analysis and KPI tracking
- Business office management
You get an entire financial team without the expense and hassle of hiring, training, and managing in-house accountants. We handle the work. You handle the care.
Accounting That Understands Your Revenue
Senior living communities don’t have simple income statements. You’re managing different care levels, multiple payer sources, and occupancy fluctuations that impact everything.
Our accounting operations services are built specifically for senior living financial services. We track private pay receivables, process Medicaid billing, reconcile Medicare payments, and manage the daily financial tasks that keep your community running.
Your ICON Accounting Team Handles:
Accounts receivable and collections
Accounts payable processing
Payroll coordination
Bank reconciliations
Monthly financial close
Regular financial reporting
No more chasing invoices or scrambling to close the books. We keep your finances up to date and accurate.
Budgets Built for Occupancy-Based Revenue
Creating a realistic budget for a senior living community requires understanding how occupancy drives everything. A 2% drop in census can throw off your entire financial plan.
Our budgeting and analytics services help you build accurate forecasts based on your actual operations. We work with your occupancy trends, staffing ratios, and historical data to create budgets that reflect reality.
We also provide ongoing variance analysis. When actual performance differs from your budget, we show you why and help you adjust.
Strategic Analysis That Drives Decisions
Financial reports should tell you what’s happening in your community and what to do about it. Too often, operators receive numbers without context or actionable insights.
Our financial planning and analysis services turn data into decisions. We track the metrics that matter to your operation and present them in a format that makes sense.
We Help You Understand:
- Revenue per occupied unit
- Cost per resident day
- Labor cost as a percentage of revenue
- Payer mix trends over time
- Departmental performance metrics
You don’t need to be a financial expert to run a senior living community. But you do need financial experts on your side.
Business Office Management Without the Headaches
Finding qualified business office team members is hard. Training them is harder. Managing turnover is exhausting.
Our business office management takes this burden off your plate. We can provide centralized business office functions, recruit and train new team members, or support your existing staff with oversight and guidance.
You get consistency, expertise, and stability in your financial operations without the constant HR challenges.
Platform-Agnostic Financial Management
We work with the systems you already use. Whether you’re on Sage Intacct, Yardi, QuickBooks, or another platform, we adapt to your technology.
The same goes for payroll systems, EHR platforms, and accounts payable automation. We have expertise across all major senior living technology platforms.
Platforms We Support Include:
Finance systems
Sage Intacct, Yardi, Acumatica, QuickBooks
Payroll platforms
ADP, Paychex, Paycom, Adams Keegan, Engage, iSolved
EHR and billing systems
ALIS, Aline, PointClickCare, MatrixCare, Eldermark
AP automation
AvidXchange
P-Card management
Ramp
You don’t need to change your systems to work with us. We meet you where you are.
Every Type of Senior Living, Every Financial Model
Different care settings have different financial requirements. Independent living communities operate differently from assisted living. Memory care has unique cost structures compared to skilled nursing facilities.
We Understand the Financial Nuances of Each Senior Living Option
No matter the type of senior care you provide, we can manage the financial side.
Focus on Residents, Not Reports
Your expertise is in senior care, not accounting. Let us handle the financial operations so you can focus on delivering exceptional care to your residents.
ICON Financial Services gives you a complete financial team dedicated to senior living. We understand your challenges because we work exclusively in this industry.
Ready to simplify your financial operations?
