68 percent of pre-retirees say they will not be able to retire as planned at 65: survey
By
Kathleen Steele Gaivin
Apr 16, 2024
Sixty-eight percent of workers aged 55 to 65 years participating in a new survey said they are facing the reality that retiring fully or comfortably at 65 is more or less a pipe dream, with 41% planning...
Long-term care pharmacies forced to borrow to buy resident drugs, close as intermediaries tighten grip...
By
Kimberly Marselas
Apr 08, 2024
Long-term care resident access to prescription drugs is being squeezed as several market and regulatory factors have combined to increase the power that pharmacy benefit managers have over the specialized...
Private-sector employment sees biggest jump since July: ADP
By
Kathleen Steele Gaivin
Apr 04, 2024
March saw the biggest jump in hiring since July 2023, according to the ADP National Employment Report Economy Lab report released Wednesday.
Initial unemployment claims dip a bit
By
Kathleen Steele Gaivin
Mar 29, 2024
Initial claims for unemployment benefits dipped to 210,000 for the week that ended March 23, according to data released Thursday by the Department of Labor’s Bureau of Labor Statistics. That number represents...
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.
Initial filings for unemployment insurance dip again week over week
By
Kathleen Steele Gaivin
Mar 22, 2024
Applications for unemployment benefits dipped slightly for the week ending March 16, according to data released Thursday by the Department of Labor’s Bureau of Labor Statistics.
Business briefs, March 22
By
Kathleen Steele Gaivin
Mar 22, 2024
Interest rate cuts on the horizon … ‘Landmark legislation’ aims to streamline, coordinate care for 12 million dually eligible individuals … Provider sues agency for routine overbilling, unscrupulous...
Fundamentals make it easy to get excited about senior living, expert says
By
Kimberly Bonvissuto
Mar 18, 2024
With solid demand, increasing occupancy and reduced supply, the underlying fundamentals driving top-line revenue growth in senior living are good, making it difficult not to get excited about the sector...
Assisted living sees 1.4 percent rate increase, lower than all other long-term care settings
By
Kimberly Bonvissuto
Mar 13, 2024
Although rate increases in assisted living communities were relatively low last year, increasing by 1.4% over 2022, those rates went up by 18.9% in total from 2021 to 2023, according to Genworth’s Cost...
Proposal would add Kentucky to mix of states trying to address long-term care financing
By
Kimberly Bonvissuto
Mar 13, 2024
Senior living provider groups are applauding Kentucky’s proactive approach to helping its residents pay for future long-term care needs with a proposal to form a task force to explore a statewide insurance...