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Mick Hunt

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
18956 total appearances
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Podcast Appearances

Mick Unplugged
Aging with Dignity: Isabelle Guarino Redefines Senior Care

You're right.

Mick Unplugged
Aging with Dignity: Isabelle Guarino Redefines Senior Care

And I can break this down for people that are listening that are like, why are Mick and Isabel having this type of conversation?

Mick Unplugged
Aging with Dignity: Isabelle Guarino Redefines Senior Care

It sounds like a good alternative to at least consider or ponder is if you wanted, if your vision was 66, 70 bed facility, maybe look at a few residentials and almost package it together.

Mick Unplugged
Aging with Dignity: Isabelle Guarino Redefines Senior Care

Because, again, the current and this is not a knock, but the current look of assisted living feels institutional.

Mick Unplugged
Aging with Dignity: Isabelle Guarino Redefines Senior Care

I know there are a handful that don't, but a lot of them do.

Mick Unplugged
Aging with Dignity: Isabelle Guarino Redefines Senior Care

You have better cost control, it sounds like.

Mick Unplugged
Aging with Dignity: Isabelle Guarino Redefines Senior Care

It's just tough.

Mick Unplugged
Aging with Dignity: Isabelle Guarino Redefines Senior Care

Um, things like the private chef.

Mick Unplugged
Aging with Dignity: Isabelle Guarino Redefines Senior Care

And when you look at building an assisted living facility from the ground up and the zoning and all the things that you have to do in the land, like you're looking at 14, 15 million.

Mick Unplugged
Aging with Dignity: Isabelle Guarino Redefines Senior Care

So some of those expenses can be shared.

Mick Unplugged
Aging with Dignity: Isabelle Guarino Redefines Senior Care

So let's just, I'm making this up.

Mick Unplugged
Aging with Dignity: Isabelle Guarino Redefines Senior Care

If you had four homes for residents, right?

Mick Unplugged
Aging with Dignity: Isabelle Guarino Redefines Senior Care

Some of those expenses can be shared amongst those four.

Mick Unplugged
Aging with Dignity: Isabelle Guarino Redefines Senior Care

Easy, easy, easy just to do that versus building homes or buying homes that already exist and doing some things like Isabel's talking.

Mick Unplugged
Aging with Dignity: Isabelle Guarino Redefines Senior Care

Like a chef doesn't have to just be at one home, right?

Mick Unplugged
Aging with Dignity: Isabelle Guarino Redefines Senior Care

That chef could go to three or four homes.

Mick Unplugged
Aging with Dignity: Isabelle Guarino Redefines Senior Care

I mean, that is a much more cost effective way to look at it.

Mick Unplugged
Aging with Dignity: Isabelle Guarino Redefines Senior Care

And to the point that Isabel's making is,

Mick Unplugged
Aging with Dignity: Isabelle Guarino Redefines Senior Care

If you have a big plot of land and you've got enough that you can put homes on, now your activity centers can all be centralized.

Mick Unplugged
Aging with Dignity: Isabelle Guarino Redefines Senior Care

So your activities director doesn't have to travel 20 minutes per location per day like it could just be there.