Edgewater Haven seeks expansion to address assisted living shortage in Wisconsin

In a recent meeting of the Wood County Board of Supervisors, discussions centered on the pressing need for assisted living facilities in North Central Wisconsin, highlighting a projected demand for 1,500 additional units. The conversation took a significant turn as officials explored the potential expansion of Edgewater Haven into a Community-Based Residential Facility (CBRF), aiming to provide affordable care for seniors, particularly those reliant on Medicaid.

Justin, a representative from Edgewater Haven, outlined the facility's plan to convert part of its existing structure into a 20-bed CBRF unit. This initiative is designed to cater to a demographic often overlooked by for-profit providers, focusing on residents who have exhausted their private funds. The proposal emphasizes a commitment to affordable senior living, with an anticipated 70% of residents funded through the Family Care Medicaid waiver program.

Patrick Carroll, a senior manager from Buckley Senior Living Consulting, presented a financial forecast for the proposed CBRF. He detailed the operational costs and revenue projections, indicating that the facility could achieve a 90% occupancy rate, equating to approximately 18 residents. The financial model suggested that the addition of the CBRF could reduce the tax levy needed for operations over the next five years, despite the challenges posed by rising expenses outpacing revenue growth.

The board also discussed the implications of state and federal funding on the facility's operations. While uncertainties loom regarding future federal support, local officials expressed optimism about the state’s commitment to addressing the growing demand for senior care services. Recent increases in Medicaid reimbursement rates were noted as a positive sign, reflecting the state’s recognition of the impending shortage in long-term care options.

As the meeting concluded, plans were set for a resolution to be discussed at the next Health and Human Services Committee meeting, which could pave the way for further action on the proposed CBRF. The board's proactive approach underscores a critical response to the evolving needs of the community, aiming to ensure that vulnerable populations receive the care they deserve.