Experienced finance and senior housing executive Ryan Novaczyk assumed the responsibilities of president and CFO of New Perspective Senior Living in 1998. Ryan Novaczyk directs the company’s financial functions and oversees business performance, investments, company structure, and growth initiatives and strategies. New Perspective Senior Living is a leading player in the assisted living industry in Minnesota.
On May 22, 2019, Minnesota Governor Tim Walz signed into law significant legislation that requires assisted living facilities to have licenses. Before the law was enacted, assisted living facilities had to register with the Minnesota Department of Health, but were not required to have facility licensure. In addition to the new assisted living facilities licenses, individuals who provide special services for seniors with dementia are required to procure special licenses. According to the new law, by August 1, 2021, all assisted living facilities must be licensed. The licensing fee is set at $2000. Additional fees of $75 per resident must be paid at the initial application and with each yearly renewal. These fees are subject to a maximum adjustment of 10 percent, which is proportionately applied based on the number of residents who received certain home-based and community-based waiver services during the previous year. The law also requires full disclosure about the facilities’ operations. Assisted living officials and owners are also required to undergo background checks.
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AuthorRyan Novaczyk - Senior Care and Housing Leader. Archives
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