Medicare spending expected to top $1 trillion this year, CMS says
By
Kathleen Steele Gaivin
Jun 15, 2023
says
Medicare expenditures are expected to exceed $1 trillion despite the end of the COVID-19 public health emergency this year, the associated expirations of the skilled nursing facility three-day stay...
REIT ownership linked to decline in RN staffing, increases in LPN, CNA use
By
Kathleen Steele Gaivin
Jan 27, 2023
Nursing homes, after being purchased by a real estate investment trust, are likely to see increases in licensed practical nurse and certified nursing assistant staff hours per resident day of 2.15% and...
Family caregivers’ unpaid work valued at $600 billion: report
By
Kathleen Steele Gaivin
Mar 09, 2023
An estimated 38 million family members provided approximately $600 billion in unpaid caregiving in 2021. That’s according to a recent report from the AARP.
Wage growth deceleration ‘gives clearest signal’ of labor market fundamentals
By
Kathleen Steele Gaivin
May 04, 2023
April saw a “burst of hiring” as private-sector employers added 296,000 jobs, yet annual pay growth decelerated to 6.7% year-over-year, according to the April ADP National Employment Report produced...
Fewer meetings, AI use could boost workplace productivity: report
By
Kathleen Steele Gaivin
Jan 04, 2024
Using artificial intelligence and cutting back on meetings are two ways to help improve workplace productivity, according to the company behind recent research.
Retirement account balances increase for third consecutive quarter: analysis
By
Kathleen Steele Gaivin
Aug 21, 2023
Retirement account balances are increasing, according to Fidelity Investments’ Retirement Savings Assessment for the second quarter, released Thursday. The average IRA ncreased 5% from the previous quarter.
Fitch: Payroll rises at life plan communities, falls at assisted living communities
By
Kathleen Steele Gaivin
Dec 14, 2022
Although payroll is growing at continuing care retirement / life plan communities, it is declining slightly at assisted living communities.
Pennant sees ‘meaningful progress’ in fourth quarter
By
Kathleen Steele Gaivin
Feb 27, 2023
Despite labor and inflationary pressures, the Pennant Group’s full-year and fourth-quarter 2022 financial results demonstrate progress in both senior living and home health / hospice, according to Brent...
Digital transformation improves productivity at CCRC
By
Kathleen Steele Gaivin
Feb 22, 2023
Digital transformation initiatives improved productivity at United Methodist Communities of New Jersey, according to a case study by the LeadingAge Center for Aging Services Technologies. UMC of New Jersey...
Nurse engagement varies by generation, shift time, care setting
By
Kathleen Steele Gaivin
Sep 26, 2023
Most of America’s registered nurses report being “fully engaged” or “engaged” at work, according to the results of a new survey from market research and consulting company PRC. But the...