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Chief Operating Officer Skilled Nursing at Wealthy Group of Companies LLC

Wealthy Group of Companies LLC No longer available

Job Description

This opportunity sits within a large and well-established skilled nursing organization that has built a strong reputation for stability, operational maturity, and consistent performance across a broad regional footprint. The company manages a substantial portfolio of facilities supported by seasoned regional directors, well-aligned VPs, and a leadership culture that emphasizes accountability, collaboration, and long-term sustainability. The organization is not in "fix-it mode" - it is strong as-is - and the next phase of leadership is about refinement, measured growth, and shaping the future identity of the company.

The incoming COO will lead day-to-day operational strategy, elevate performance across multiple markets, and serve as an executive counterpart to regional and facility leadership teams. The position requires regular travel, including consistent visits to company offices in Indiana, Illinois, and Tennessee, along with monthly corporate leadership meetings. This role carries a clear and intentional pathway to transition into the CEO position and calls for someone who blends operational rigor with strategic vision.

Responsibilities
  • Provide executive oversight across a multi-state skilled nursing portfolio, ensuring strong operational stability, consistent quality outcomes, financial strength, and sustained census development.
  • Work in close partnership with VP-level and regional teams to align priorities, strengthen accountability structures, and reinforce high-performing leadership behaviors throughout the organization.
  • Shape and evolve operating systems, performance frameworks, and cultural expectations in a way that supports growth while maintaining the organization's long-standing identity, values, and stability.
  • Maintain a strong and consistent presence in the field, spending meaningful time in facilities to observe operations directly, support local leaders, and ensure clarity and alignment on initiatives and expectations.
  • Lead strategic projects, organizational enhancements, and major initiatives tied to both immediate performance and long-term positioning, serving as a central voice in executive decision-making.
  • Exhibit the leadership presence, judgment, communication style, and executive maturity required to transition naturally and credibly into the CEO role over time.
Qualifications
  • Previous experience in a senior operational leadership role within the skilled nursing sector.
  • Deep knowledge of the operational, clinical, financial, and regulatory dynamics that shape success in skilled nursing environments, with a strong grasp on census strategy, survey management, and workforce leadership.
  • Demonstrated ability to lead through influence rather than pressure, building trust with facility leaders while still maintaining clear expectations, accountability, and performance standards.
  • Comfortable with high travel frequency, committed to real in-person leadership, and able to balance strategic direction-setting with hands on operational engagement.
Compensation
  • Compensation range: $275,000 - $350,000 annually, dependent on experience and organizational fit.
  • Performance-based incentive structure included.

Typical senior pay: $206k for Chief Executives nationally

National salary averages
Expected senior-level
$206k
Entry
Mid
Senior
Expected

Balanced market

Many alternative paths available. Don't feel locked into any single offer.

Hiring leverage
Balanced
Wage leverage âš  Disconnect
Limited
Mobility
Good mobility
Durability
Mostly durable

Who this leverage applies to

Stronger for: Remote-capable workers
Weaker for: Entry-level candidates, Career switchers

Where to negotiate

Base salary
Sign-on bonus
Title / level
Remote flexibility
Scope & responsibility
Start date / PTO

Likely Possible Unlikely

Watch out for

Wage disconnect: Hiring is active but pay hasn't responded—negotiate on other terms.
26% self-employed: Traditional full-time roles may be scarcer.

Does this path compound?

Job Growth →
High churn
Growth, flat pay
🚀 Compound
Growth + pay upside
⚠️ Plateau
Limited growth
Specialize
Experts earn more
Pay Upside →
Stable but flat

Steady work, but limited growth in both jobs and pay.

+4%
10yr growth
26% work independently—freelance or consulting is viable.
A bachelor's degree is typically expected.
Typical: Bachelor's degree

Openings come from turnover, not new growth. Differentiate to advance.

Labor data: BLS 2024