How to Measure a Life Plan Community's Financial Strength
When evaluating Waverly against other communities, you will find comfort in knowing our thriving leadership position and strengths in the following areas:
Our Independent Living occupancy has averaged over 95% for the past five years.
5 Star Rating
Waverly’s healthcare is rated by the Centers for Medicare and Medicaid Nursing Home Compare. We consistently achieve this highest rating for Overall Quality, Health Inspection, Quality Measures, Staffing and Registered Nurse Staffing.
Our rate increases for the past five years averaged 2.5% in comparison to the national average of 3.1%.
Waverly’s tax-exempt bonds are rated “A-” by Fitch Ratings. Less than 30 of all Life Plan communities in the country have achieved this benchmark.
Waverly reinvests over $4 million dollars in the community in routine capital expenditures on an annual basis.
An actuarial valuation is conducted by a nationally recognized actuary and Waverly’s key financial ratios easily meet all CARF ratio minimums and reflect “A” rated metrics.
Wavery has seven residents serving on our Board of Trustees, in addition to fourteen non-residents. All Trustees are involved in making major financial decisions that impact our community. Waverly also has seven Resident Advisory Committees that provide valuable input to management on a regular basis.