What does the term 'ancillary revenue' specifically refer to?

The term 'ancillary revenue' specifically refers to additional income streams that are generated beyond the primary services that a business offers. In the context of residential care and assisted living facilities, these additional revenue sources can include things like vending services, wellness programs, transportation services, or other optional services that residents may choose to utilize. This means that the facility is able to enhance its overall revenue without relying solely on its main operations, which typically include housing and basic care services. By diversifying their income through ancillary revenue, facilities can improve their financial stability and potentially offer a greater range of services to their residents, enhancing their overall experience.