In this episode, Brandon extensively discusses the Medicaid certification process, emphasizing its critical role for profitability in the assisted living sector. He delineates between Medicaid and Medicare, explaining that Medicaid is a state-administered program aimed at individuals with financial need, while Medicare is mainly age-based. Brandon walks listeners through the enrollment and certification processes, highlighting common pitfalls and the necessary documentation.
00:00:00 – Welcome & Introduction
00:00:16 – Topic Overview: Medicaid Certification Process
00:02:44 – What is Medicaid vs Medicare?
00:04:46 – Enrollment vs Certification
00:06:06 – Finding Your State’s Provider Enrollment Application
00:08:18 – Application Process & Provider Types
00:10:19 – Submitting Applications & Follow-Up Tips
00:12:51 – Key Paperwork Required
00:16:59 – Personal Information & Privacy Considerations
00:17:46 – Common Questions During Application
00:20:03 – Multiple Payers & Credentialing Complexity
00:22:01 – Why Many Avoid Medicaid & How Coaching Helps
00:24:41 – Final Wrap-Up & Call to Action
Resources Mentioned:
Visit our website, AssistedLivingInvesting.net, for additional resources, including our year-long mastermind program and free underwriting calculator.
Get your free business plan checklist today: https://urlgeni.us/alibpc
Learn about the Assisted Living Basics: https://www.assistedlivinginvesting.net/basics
Learn about the Assisted Living Investing Mastermind: assistedlivinginvesting.net/mastermind
Apply for the Mastermind today: alimastermind.com/application
Join the Business Foundation Basics Workshop: Assisted Living Business Foundation Basics
Learn the five steps to help you start an assisted living business: https://youtube.com/live/dRVCa80SOyM
Get the 12 Week Year Book: https://amzn.to/4bAOpQf
Marketing Made Simple by Donald Miller: https://amzn.to/3ECoNY5
Who Not How by Benjamin Hardy : https://bit.ly/whonothowbooklink
Courses:
- Do you need guidance on your journey to launching your assisted living business: https://urlgeni.us/aliala
- Do you need help building your business plan: https://urlgeni.us/alibpg
FREE Resources:
- Business Plan Checklist: https://urlgeni.us/alibpc
- Calculator: https://urlgeni.us/alicalc
- Lease Agreement Template: https://urlgeni.us/alila
- ProfitPath Analysis Tool: https://urlgeni.us/aliprofitpath
- Grant Writing Template: https://urlgeni.us/aligrant
Need help with your payroll? Get Gusto: https://gusto.com/i/brandon9590
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