Senior Living Communities

Creating Living Unit Rate Type Categories

Living Units Rate Type Category is the highest level in Living Units configuration. This setup field is used in Census Budgeting. It can be configured the same as the Living Units Rate Type Configuration or summarized at a higher level. Several reports can be run using this setup field. The Living Units Rate Type Category includes a weight field which indicates the number of beds in the living unit. This weight is used in the Occupancy report calculations.

Consider scoping options. If you don't need all categories available for all Communities, scope as appropriate to minimize errors.

The configuration hierarchy for grouping living unit and rate information is as follows:

  • Living Unit Listing - assign each living unit to a Living Unit Rate Type.

  • Living Unit Rate Types - assign each one to a Living Unit Rate Type Category.

  • Living Unit Rate Type Category - highest level to group information.

Determine how you want to organize and report budget information. Then, configure Living Unit Rate Type Categories. using one of the following naming conventions:

  • To report information by Rate Type, use Descriptions identical to Living Unit Rate Type Descriptions.

  • To group Living Unit Rate Types, summarizing information at a higher level, use Descriptions different than Living Unit Rate Type Descriptions.

  1. Do one of the following:

    • Single Community: Billing > Setup > Living Unit Rate Type Categories.

    • Multi-Community: Management Console > Standards > Financial Management > Living Unit Rate Type Categories.

  2. Click New to create a new Rate Type Category . Enter the Description.

    • Weight - Type a value for the number of beds in the living unit. For example, a living units with 4 beds is .25, 3 beds is .33, Semi Private is .5, and Private is 1.

  • Rate Type Categories is the highest level of the configuration chain.

    • Living Unit Rate Types are assigned to Rate Type Categories.

    • The Living Unit Listing includes a field to assign each of the Living Unit Rate Types.

  • The Living Unit Rate Type attached to a living unit determines the amount billed for the resident assigned.