Congress passes bill targeting financial exploitation of older adults
By
Amy Novotney
Mar 15, 2022
The bipartisan Fraud and Scam Reduction Act will establish a Senior Scams Prevention Advisory Group to prevent scams that target seniors. The body will create educational materials and information on model...
COVID-19 roundup: Stocks up after emergency efforts to buffer pandemic fallout; NIC economist declares...
By
Amy Novotney
Mar 20, 2020
U.S. stocks closed higher Thursday after central banks around the world rolled out several emergency measures designed to lessen the economic fallout stemming from the coronavirus pandemic. Between Wednesday...
Small-business owners could face challenges related to PPP loan forgiveness
By
Amy Novotney
May 06, 2020
The Small Business Administration’s Paycheck Protection Program has been plagued by technical glitches and complaints of misallocated funds, but many experts say the biggest challenges may come when...
Former Armed Forces Retirement Home COO sexually harassed employees, DOD says
By
Amy Novotney
Jun 13, 2022
The CEO of the Armed Forces Retirement Home is praising members of the U.S. Department of Defense Office of Inspector General “for their diligent investigavtive work” after a report concluded that...
Moody’s: Coronavirus stimulus will lessen economic pain, but won’t fully compensate healthcare...
By
Amy Novotney
Apr 14, 2020
The $2.3 trillion CARES Act will certainly provide some relief to hospitals and other healthcare systems, but the funding is unlikely to fully compensate for increased labor and personal protective equipment...
Despite occupancy improvements, near-term outlook still ‘highly unpredictable’: Welltower
By
Amy Novotney
Apr 30, 2021
Following the rapid distribution and high acceptance rate of COVID-19 vaccinations by residents within assisted living and memory care communities in the United States and United Kingdom, Welltower’s...
Genesis Healthcare shares down 82% over five years
By
Amy Novotney
Mar 13, 2020
Investors who purchased Genesis HealthCare five years ago have seen their shares in the company fall by 82% during that time, according to an analysis posted Wednesday by Simply Wall St. The company’s...
Handwritten notes and ‘peek-a-boo’ tours top senior living marketing strategies during pandemic
By
Amy Novotney
Dec 21, 2020
As senior living operators consider strategies for 2021 amid the ongoing pandemic, several marketing executives say their firms are focused mainly on the soft skills of problem-solving and serving as support...
Business briefs, Sept. 2
By
Amy Novotney
Sep 02, 2021
Senior living takes lead role in vaccine mandates, faces rising labor costs … California AG files Supreme Court petition in defense of LGBTQ seniors … Medicare insolvency still expected by 2026, unchanged...
COVID-19 accelerated planned layoffs, furloughs at Affinity
By
Amy Novotney
Mar 25, 2020
Affinity Living Group furloughed 70 corporate employees and let go of several company leaders including Neil Lail, its chief operating officer Monday.