COVID impact on senior living on track to reach $17 billion, ASHA says, requesting relief
By
Lois A. Bowers
Nov 12, 2020
As the financial impact of the coronavirus pandemic on senior living is on track to reach $17 billion annually, providers need more funds to cover additional expenses and lost revenue, and they need new...
Unique operating model produces continued profitability, Pennant Group execs say
By
Kimberly Bonvissuto
Nov 12, 2020
Occupancy declines in the early months of the COVID-19 pandemic were replaced by slight occupancy increases as the Pennant Group’s Pinnacle senior living business produced strong results into the third...
Five Star, Diversified Healthcare adopt ‘slow and steady’ response to pandemic
By
Kimberly Bonvissuto
Nov 06, 2020
Expense pressures on the senior living industry due to the COVID-19 pandemic are expected to persist in the near term, creating operational headwinds, but a slow and steady response to the crisis will...
Senior housing facing increasing wage pressures and resorting to more rent concessions: NIC
By
Amy Novotney
Oct 30, 2020
Higher staff wages for some senior housing operators likely are putting a strain on net operating income, according to data collected from the most recent Executive Survey conducted by the National Investment...
Assisted living: Not so hidden anymore
By
Lois A. Bowers
Oct 19, 2020
Scott Tittle used to say that assisted living was hiding in plain sight, but “the reality is, more people have begun to actually see us amidst COVID,” the National Center for Assisted Living executive...
Investment in people yields success in senior living: NIC panelists
By
Kimberly Bonvissuto
Oct 08, 2020
COVID-19 is exhausting. That was the consensus of speakers focusing on issues related to the senior living workforce during the 2020 National Investment Center for Seniors Housing & Care Fall Conference,...
John Knox Village wins Tech Awards Gold for sensing possible falls with AI, machine vision
By
Kimberly Marselas
Oct 05, 2020
Looking to reduce falls in its short-term rehabilitation unit, life plan community John Knox Village of Lee’s Summit, MO, became the first long-term care facility to use an artificial intelligence platform...
‘Take flu out of the equation,’ get vaccinated during pandemic, public health officials advise
By
Kimberly Bonvissuto
Oct 02, 2020
Concerned about a dual outbreak of influenza and COVID-19 this winter, public health officials recommended Thursday that long-term care workers and residents — and others — “take flu out of the equation”...
Scaled down HEROES Act relief bill maintains key provisions for senior living
By
Kimberly Bonvissuto
Oct 01, 2020
An updated version of the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act released Monday by House Democrats in an effort to restart negotiations maintains some key provisions that...
‘Out of control’: Panelists share frustrations, solutions to managing cash flow during pandemic
By
Kimberly Bonvissuto
Sep 24, 2020
The global coronavirus pandemic has created a “tsunami” of decreasing occupancy, coupled with increasing costs related to personal protective equipment and labor, to create an operating environment...