It’s a good time for a move to senior living, data show
By
Lois A. Bowers
Apr 20, 2016
Annual senior living costs increased 2.7% from 2014 to 2016, according to new data released by senior living referral service A Place for Mom. The increase outpaces inflation but still beats the housing...
Oregon lawmakers consider minimum staffing ratios for memory care communities
By
Kimberly Bonvissuto
Apr 08, 2021
Minimum staffing ratios would be established for assisted living communities with memory care units under a bill being considered by Oregon lawmakers.
Insurance company argues against defending senior living operator in wrongful death suit
By
Kimberly Bonvissuto
Jan 18, 2023
A policy lapse means that an insurer does not have to defend an assisted living community from a wrongful death lawsuit, the insurer is arguing in federal court.
A $60 million lawsuit alleging understaffing and fraudulent billing at 45 senior living communities in North Carolina “is an erroneous interpretation of Medicaid reimbursement in the state,”...
Senior living executive settles in $3.9 million SEC fraud case
By
Lois A. Bowers
Jul 12, 2017
A South Carolina businessman has settled with the Securities and Exchange Commission after being charged in January in a $3.9 million fraud case for allegedly diverting investor funds meant to buy or renovate...
Alzheimer’s cure would result in assisted living losses of $16 billion in annual revenues, 110,000...
By
Lois A. Bowers
Sep 17, 2019
A “novel, simple and fast-acting” cure for Alzheimer’s disease would be a “medical miracle” but would result in a loss of $16.3 billion in annual revenues for the assisted living industry, according...
Liability claims lead to higher premiums, reduced coverage for senior living providers
By
Kimberly Bonvissuto
Nov 24, 2021
Insurance premiums are rising and coverage is tightening, leaving senior living providers facing significant increases in loss costs, according to a new claims benchmarking study from Willis Towers Watson.
Elopement in assisted living: Not common, but costly
By
Lois A. Bowers
Nov 03, 2016
Resident elopement may not happen often, but when it does, it may cost assisted living communities a lot of money, according to a newly released analysis of claims data.
Higher staffing levels save one operator millions
By
Lois A. Bowers
Sep 18, 2016
It may seem counterintuitive, but Shamim Wu, president and chief operating officer of memory care provider Silverado, says that one way the company manages expenses is by having staffing levels that are...
267 senior living communities named ‘Caring Stars’ for 2018
By
Lois A. Bowers
Nov 09, 2017
Caring.com is releasing its list of reviews-based honorees today, and 267 independent living communities, assisted living communities, memory care communities, care homes or skilled nursing facilities...