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.
Labor Department increases monetary penalties for violations
By
Lois A. Bowers
Jan 04, 2018
The Department of Labor issued a final rule Tuesday that details increases in civil penalties due to inflation, as required by federal law.
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.
Inflation, labor shortage continue to affect senior living construction costs
By
Lois A. Bowers
Aug 02, 2017
Inflation, a lack of workers and the price of wood and steel continue to be concerns in seniors housing construction projects across the country, according to a new brief prepared for the American Seniors...
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.
OSHA civil penalties now top $145,000 for ‘willful or repeated’ violations
By
Lois A. Bowers
Jan 20, 2022
The Occupational Safety and Health Administration has increased the maximum penalty for “willful or repeated” violations to $145,027 per violation from $136,532 per violation, the Department of Labor...
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.
Senior living construction costs continue to rise due to labor shortage
By
Lois A. Bowers
Jan 22, 2017
A labor shortage in the construction industry is one of the driving factors behind continued inflation for senior living construction projects in every region of the country, according to a new brief prepared...
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.