资产盘活与医养融合协同耦合的新型养老服务模式研究——基于财务分析视角

Research on a New Elderly Care Service Model Based on the Synergistic Coupling of Asset Revitalization and Medical-Nursing Integration—From the Perspective of Financial Analysis

摘要: 本研究聚焦于一种整合“轻资产”、“以房养老”与“医养融合”三大创新要素的养老型酒店商业模式。通过构建该商业模式的理论框架并进行深入的财务分析，研究旨在论证其投资可行性。基于一个具体项目案例的测算表明，该模式能够通过降低前期投入、盘活客户资产、整合医疗服务来分散经营风险并稳定现金流，最终实现快速的投资回收与可观的回报，为应对老龄化挑战下的养老服务产业发展提供了一个具有财务吸引力的商业解决方案。

Abstract: This study focuses on a senior living hotel business model that integrates three innovative elements: “asset-light operation,” “reverse mortgage,” and “integrated healthcare.” By constructing a theoretical framework for this business model and conducting an in-depth financial analysis, the research aims to demonstrate its investment feasibility. Based on the calculation of a specific project case, the study shows that this model can diversify operational risks and stabilize cash flow by reducing upfront investment, revitalizing client assets, and integrating medical services. Ultimately, it enables rapid investment recovery and substantial returns, providing a financially attractive business solution for the development of the elderly care service industry in response to the challenges of an aging population.