Long-term care pharmacies launch campaign to protect access for residents
By
Kimberly Bonvissuto
Jul 25, 2024
A coalition representing the nation’s long-term care pharmacies is launching a new campaign to raise awareness of the “potentially devastating” consequences of new drug pricing policies on the industry...
Senior living sees slowing rate growth, high discounts in first quarter: NIC
By
Kimberly Bonvissuto
Jun 10, 2024
Inflation, it seems, is catching up with the pace of rate growth in the senior living sector.
More than three-fourths of Americans say inflation is affecting their ability to save enough money for retirement, including paying for long-term care, according to a new survey.
Inflation could stifle pandemic recovery among CCRCs: Fitch
By
Kimberly Bonvissuto
Sep 07, 2022
Operating performance and future demand for continuing care retirement / life plan communities could be significantly affected if inflationary pressures continue beyond this year, according to Fitch Ratings.
Senior living industry tells federal lawmakers of ‘unprecedented’ financial issues
By
Kimberly Bonvissuto
Mar 27, 2023
A recent House hearing on healthcare inflation drew no shortage of comments from groups including the senior living industry sharing experiences with escalating costs.
Energy efficiency improvements could help senior living tap into $400 billion in federal funds through...
By
Kimberly Bonvissuto
May 19, 2023
Senior living communities could be able to cash in on energy efficiency improvements through last year’s Inflation Reduction Act.
Insurance rates add to financial challenges facing Florida’s assisted living operators
By
Kimberly Bonvissuto
Jun 04, 2024
The rapid increase in commercial property insurance rates in Florida was the final straw for some senior living providers still struggling with workforce challenges, rising wages and inflation.
Monthly resident fees driven to historic highs due to staffing, inflation
By
Kimberly Bonvissuto
Mar 28, 2022
Staffing and inflationary pressures combined with occupancy challenges are driving monthly fees for not-for-profit independent living communities to historic highs, according to specialty investment bank...
2 senior living companies file for Chapter 11 bankruptcy protection
By
Kimberly Bonvissuto
Mar 26, 2024
The COVID-19 pandemic, staffing challenges, inflation, high interest rates and low reimbursement rates led to bankruptcy filings recently by two senior living companies.
Affordability tops retirement community wish list for older adults, operators
By
Kimberly Bonvissuto
Oct 13, 2023
Inflation isn’t just hitting prospective senior living residents looking for the best value in a retirement community. It’s also hitting operators, leaving fewer options available.