Nursing Home Executive Director Salary
A Nursing Home Executive Director earns an average salary of $98,649 per year.
Job Description for Nursing Home Executive Director
Nursing home executive directors sit at the highest level of management for their facilities. While they are responsible for the entire nursing home or institution, the supervision and management of patient care and daily operations are usually delegated to a general manager or managing practitioner. Executive directors help ensure that the home operates within its own financial means and maintain quality of care by providing financial stability and flexibility. Items such as payrolls, capital expenditures on improvements, and ongoing budgets are typically approved by the executive director, as well.Read More...
Many nursing homes operate either as non-profits or as part of religious or charitable organizations. Others may be for-profit, but rely on a variety of revenue streams. These executive directors help ensure the ongoing funding of their nursing homes by engaging in revenue generating activities, from gathering non-profit funding to seeking out available public renumeration. They also conduct reviews of insurance payments and accounts receivable to help maintain ongoing budget health. Many nursing facilities also utilize private investment of funds, and the executive director may meet with professional commercial financial planners to ensure the long-term health and upkeep of the operation.
These directors also ensure that daily operations and patient care are maintained to standards by examining and approving all departmental budgets and investigating all bids for capital improvement requests within the facility. Most executive directors spend the bulk of their time within the facility itself to examine the state of maintenance, cleanliness, and safety for residents.
To work as an executive director for a nursing home, candidates should have a balance of education and work experience which incorporates both patient and elderly care and business management. Directors are typically appointed or sought from nursing home general managers or chiefs of staff. They work primarily in an office environment during the week, either at or near the nursing home.
Nursing Home Executive Director Tasks
- Oversee staff operations, business planning and budget development.
- Plan and direct the nursing program.
- Plan, direct and set the strategic direction of the nursing home program.
- Develop and maintain relationships with patients and families.
- Direct the management and support staff in quality and compassionate care of elderly patients.