How should assisted living facilities manage residents’ financial information?

The management of residents' financial information in assisted living facilities should prioritize confidentiality and security. This means implementing strict protocols to safeguard personal financial data against unauthorized access and breaches. Given the sensitivity of financial information, it is essential for facilities to maintain privacy, ensuring that only authorized personnel can access this data and that residents feel secure about their financial affairs.

Maintaining confidentiality helps protect residents’ dignity and trust in the facility. It prevents potential financial exploitation and reinforces the facility's commitment to ethical standards. Therefore, ensuring robust security measures, such as locked storage for records, secure electronic systems, and limited access rights, aligns with the best practices in resident care and management of sensitive information.