What are the significant events, changes, and happenings that occurred with Scioto Properties in 2019? In the overall industry?
2019 brought a transition of leadership to Scioto Properties. After 14 years, Scioto’s CEO Mary Bea Eaton announced her retirement, effective January 1, 2020. Mary Bea was the driving force behind making Scioto the success that it is today. She helped to develop the company’s national footprint that it serves, and is a true champion of the developmental disabilities industry. She will continue to work with Scioto’s Board and Management team in an advisory capacity for the remainder of 2019 and into 2020 to ensure a smooth transition of leadership and help with the Company’s expansion and diversification efforts.
As an industry, the developmental disabilities community has continued to remain underfunded, both locally and nationally. Due to the lack of funding increases, we are seeing some providers struggle to maintain financial viability. Similarly, providers are dealing with labor shortages that result from an inability to pay competitive wages to the direct care staff as a result of this underfunding.
What are the accomplishments of the company in 2019 of which you are most proud?
I am extremely proud of the fact that Scioto has continued to grow and now has over 1,700 properties in 42 states. It’s amazing to think of the thousands of individuals that receive supports and services in the properties that we own. While we are a real estate company, we offer support to the providers with which we work that cause us to feel like a partner in health care with those providers.
Do you anticipate significant changes for Scioto Properties in 2020? In the overall industry?
Yes, many exciting changes! In early 2020 we will be rebranding the organization with a new logo, Mission and Vision statement. While we will continue to support providers in our core developmental disability market, we will be expanding our footprint to support providers of Adult Day, Behavioral Health and Substance Abuse services. We also have some new value added services that we will be offering to help the providers we support. More on that to come, but 2020 is going to be an exciting year for Scioto Properties!
What do you see as the primary challenges facing Scioto Properties in 2020? What makes you confident that Scioto Properties will overcome these challenges?
The greatest challenge that we face is the developmental disabilities industry itself. We are seeing providers go out of business, have regulatory issues and struggle to stay on top of the ever-changing climate of the healthcare industry. But we have excelled in this industry for 20 years, having doubled in size and expanded our reach exponentially, so we are confident that this will continue. We will overcome the challenges that we face by continuing to help those we support. We are constantly trying to find ways to help providers when they are struggling and we will continue to do that. When providers are successful, we are all successful, and we have a greater chance of making a positive impact on the lives of those being served.
What are you most excited for in 2020, in terms of Scioto Properties setting and reaching goals, changes in the industry, and internally?
The landscape of healthcare is changing daily. I’m excited that we’re expanding into additional markets to help accommodate some of that change. Scioto Properties is committed to developing and investing in real estate with impact. We are a mission-driven company, acquiring real estate that makes a difference in the lives of those receiving services within the properties that we own. We have some pretty lofty goals over the next year. We are the premier provider in the developmental disabilities real estate market but we want to be the premier provider of real estate with impact that reaches other populations as well.
Do you have personal goals that you hope to achieve in leading Scioto Properties in 2020?
I’m goal driven by nature and am constantly thinking of ways to strategically take Scioto to the next level. My primary goal going in 2020 is to successfully lead Scioto into its next phase. We are hoping to double in size again over the next three years and have a Strategic Plan to help us get there.
I believe that for an organization to reach its goals all members of the organization have to know, understand and believe in the strategy of the organization. We have an amazing group of employees and we all equally play a part in taking the company to the next level.
Final thoughts on where Scioto Properties has been as an organization, and where it is going in 2020?
While being still relatively new to Scioto, I have worked with the organization as a provider partner for nearly all 20 years of its existence. It is a company built on integrity that wants to make a difference to the providers and those individuals being served in our properties. The coming year will be a year of service expansion, new avenues of providing support to providers and the continued pursuit of becoming the nation’s premier provider of real estate with impact.