About ICON Financial Services
Which Financial Challenge Is Holding You Back?
Are you drowning in month-end close while the census drops? Struggling to create budgets that reflect actual occupancy trends? Spending more time recruiting business office team members than reviewing financial performance? Fighting to understand what your numbers are actually telling you?
Most senior living operators face at least one of these challenges. Many face all of them at once.
ICON Financial Services delivers complete senior living financial services designed to solve these problems. Whether you need help with daily accounting tasks, strategic planning, or building your business office team, we provide the expertise and support to keep your operations running smoothly.
Our accounting and financial services cover everything from transaction processing to executive-level analysis. You get accountants and financial experts who understand senior care operations and deliver results without the overhead of hiring full-time positions.
The Financial Challenges in the Senior Living Industry Are Real
Senior living operators are navigating one of the most difficult periods in the industry’s history. Rising costs, workforce instability, and debt pressure are creating unprecedented strain on operations.
The Numbers Tell the Story:
Nearly 40% of assisted living providers were operating at a loss in 2022
(zumBrunnen Industry Performance Trends)
$2.2 trillion in commercial loans mature over the next three years, with many operators unable to service current debt obligations
(Ankura Healthcare Consulting)
Senior living has an employee turnover rate of 50%, one of the highest of any industry in the United States
(Workstream)
50% of senior living operators cited meeting occupancy goals as their top challenge in 2024
(Aline State of the Senior Living Industry Report)
15% cite hiring and staff retention as their top challenge in 2024
(Aline State of the Senior Living Industry Report)
16% of operators still manage finances entirely through Excel
(Aline State of the Senior Living Industry Report)
These financial challenges for senior living communities require specialized expertise. Generic accounting firms don’t understand the pressures you face or the solutions that actually work in senior care.
Meet the Team Behind Your Financial Success
Our leadership brings decades of combined experience in senior living finance. We’ve worked with communities across every care level and understand what it takes to maintain healthy operations in challenging markets.
From accounting specialists to financial strategists, our team members are dedicated to your success. We don’t just process transactions. We partner with you to navigate the financial challenges of senior living and build sustainable operations.
Why Operators Choose ICON Financial Services
Senior living financial management requires more than general accounting knowledge. It demands expertise in occupancy-based revenue, mixed payer sources, regulatory compliance, and the unique operational metrics that drive your business.
Our exclusive focus on senior living means we’ve solved the problems you’re facing. We understand company financial management in this industry because it’s all we do.
Built for Senior Living, Only Senior Living
We chose to specialize in senior living for one simple reason: This industry needs financial partners who truly understand it. The complexity of managing multiple care levels, navigating reimbursement models, and meeting regulatory requirements sets senior living apart.
Our deep industry knowledge allows us to deliver better results faster. We know what healthy financial operations look like across assisted living, memory care, independent living, CCRCs, home health, and skilled nursing.
Ready to Overcome Your Financial Challenges?
You didn’t get into senior living to manage spreadsheets and wrestle with accounting software. Let ICON Financial Services handle the financial complexity while you focus on resident care.
Our team is ready to help you navigate today’s challenges and build sustainable operations for tomorrow.
