Marycrest Assisted Living is a 138-unit assisted living facility located in Denver, Colorado. The Sisters of St. Francis of Marycrest owned and operated a Catholic High School for girls on this site for 25 years. After the school closed, the Sisters, in keeping with their mission of serving the greatest need, decided to provide residential care for low-income seniors and non-elderly persons with disabilities. Marycrest Assisted Living opened in early 1998 under the oversight of a local management company.
Because Marycrest’s mission includes providing services to Medicaid-eligible individuals and chronically disabled younger adults with limited financial resources, Marycrest faced significant financial challenges. Indeed, few health care organizations have sought to serve these persons in need because of the inherent financial challenges.
Health Dimensions Group assumed the management of Marycrest in the summer of 1999. At that time, the Marycrest operations could be characterized as follows:
Diagnosing the Situation and Developing an Action Plan
Health Dimensions Group utilized its turnaround management team to diagnose the operational and financial performance of Marycrest. Following an intensive analysis, our experienced management team determined that Marycrest served a unique niche and could survive. We reached the following working conclusions:
Achieving Results and Moving Forward
Health Dimensions Group truly believed that an aggressive, but realistic, turnaround plan would result in a financially viable organization that could achieve the original mission desired by the Sisters of St. Francis. An integral part of implementing this turnaround plan was to combine intensive on-site management with daily management by a dedicated administrator. How did we achieve success?
In conclusion, the actions of Health Dimensions Group restored profitability and viability to Marycrest Assisted Living within 18 months of assuming management responsibility.
As a Catholic-sponsored organization, Marycrest is unique in Colorado and the nation because of its unwavering commitment to providing affordable assisted living to younger disabled persons and Medicaid eligible persons. With its financial stability assured, Marycrest is now able to look to the future and is in the process of developing a forward-looking strategic plan.
|Mission in Action
“Health Dimensions Group worked with us to develop a clear sense of what our mission means. They are not afraid to help us to honor our mission.” Sister Kathy Zochol, President and CEO
Health Dimensions Group is pleased to have been given the opportunity to assist the Sisters of St. Francis to fulfill their mission and plan for the future.