Property, professional liability insurance costs major culprit as operating expenses increase
By
Kathleen Steele Gaivin
Oct 21, 2022
Increases in property and professional liability insurance costs are major contributors to runaway operating expenses for long-term care providers, according to results of the latest Executive Survey Insights...
$1M in investable assets won’t cut it in retirement, survey finds
By
Kathleen Steele Gaivin
Oct 19, 2022
Wealthier individuals are preoccupied with their eventual ability to retire comfortably, even if they have $1 million or more in assets, according to data on such US investors from a survey conducted by...
‘Historic’ Social Security cost-of-living adjustment gets mixed reviews from advocates
By
Kimberly Bonvissuto
Oct 14, 2022
The Social Security Administration on Thursday issued a historic 8.7% cost-of-living increase, giving prospective senior living residents improved buying power in the coming year. But the increase is getting...
4 generations of workers preparing for retirement amid uncertain future: report
By
Kathleen Steele Gaivin
Oct 14, 2022
Seventy-six percent of workers among four generations say their life priorities have changed as a result of the pandemic, and 56% cite saving for retirement as a financial priority, according to survey...
More news for Thursday, Oct. 13
By
Kimberly Bonvissuto
Oct 13, 2022
Inflation hitting US older adults in the pocketbook … University initiative aims to kickstart CNA interest, retention … Understanding how older adults use tech can lead to better product solutions...
‘Aggressive’ rate increases needed in long-term care: ESI
By
Kathleen Steele Gaivin
Oct 13, 2022
Due to increased debt costs and other inflationary pressures, rate increases in long-term care are inevitable, Evans Senior Investments Director Kris Lowes said Wednesday. He called for operators to “aggressively...
Business of long-term care ‘has never been worse’ as occupancy, staffing challenges continue
By
Kimberly Bonvissuto
Oct 12, 2022
NASHVILLE, TN — With the clinical issues of COVID-19 largely behind the long-term care industry, the business side “has never been worse,” according to American Health Care Association / National...
Pace of recovery from Hurricane Ian could be slow, Fitch warns
By
Kathleen Steele Gaivin
Oct 06, 2022
The pace of economic recovery for areas affected by Hurricane Ian could be slow compared with previous hurricanes, according to the experts at Fitch Ratings.
Independent living monthly fees could increase another 5 percent in 2023: Ziegler poll
By
Kathleen Steele Gaivin
Oct 05, 2022
Senior living operators are forecasting that monthly fees for independent living residents could increase by up to 5% next year, according to responses to a newly released Ziegler CFO Hotline survey.
Welltower invests $850 million in third quarter
By
Kathleen Steele Gaivin
Oct 05, 2022
Toledo, OH-based Welltower invested almost $850 million in the third quarter and has announced or completed the deployment of approximately $8.6 billion in capital since October 2020, the real estate investment...