COVID-19 linked to ‘substantial cost increases’ in assisted living: survey
By
Kimberly Bonvissuto
Dec 03, 2020
The COVID-19 pandemic contributed to substantial eldercare cost hikes, especially for assisted living and in-home care. That’s according to the results of Genworth’s 2020 Cost of Care Survey, announced...
For assisted living communities, change is coming, but there still is time to adapt
By
Patrick McCormick, CPA
Aug 06, 2018
Assisted living operators that hope to compete for customers down the road need to change their business models and, in particular, ramp up offerings for more healthcare services.
Assisted living sets record for price per unit
By
Lois A. Bowers
Mar 08, 2018
The average price per unit in assisted living increased by 14% to set a record of $221,250 per unit in 2017, according to new data. Separately, the National Investment Center for Seniors Housing & Care...
Pandemic may put 56 percent of assisted living operators out of business in a year: survey
By
Lois A. Bowers
Jan 04, 2021
As 2020 was ending, President Trump signed a $900 billion COVID-19 relief bill that adds $3 billion to the Provider Relief Fund. That aid can’t come fast enough for assisted living providers, according...
Argentum calls for continued industry self-regulation as association ramps up advocacy efforts
By
Kimberly Bonvissuto
Sep 14, 2021
PHOENIX—Argentum has spent the past 18 months elevating several priorities, with senior living industry advocacy rising to the top as a critical need during the pandemic amid changing federal and state...
Senior living affiliation drivers: Recognizing unique market factors
By
Lisa McCracken
Sep 05, 2017
Senior living sponsorship transitions have many key drivers. Providers can ask themselves certain questions to help determine whether affiliations, acquisitions or dispositions may be wise strategic alternatives.
Drug disposal rule sets up providers for noncompliance, groups say
By
Lois A. Bowers
Jan 05, 2016
The government’s apparent lack of understanding about the differing characteristics among senior living settings could put some providers “perpetually in noncompliance” with a proposed...
2022 will bring challenges, opportunities for senior living industry: panel
By
Kimberly Bonvissuto
Dec 10, 2021
Senior living executives say that the sector will continue to face workforce and operating challenges in 2022, but they are carrying a sense of optimism into the new year, with technology and innovation...
Industry repeats call for resources as Congress members ask for assisted living COVID-19 case details
By
Lois A. Bowers
May 05, 2020
Industry associations are supporting the transparency requested by three members of Congress who have asked 11 assisted living companies to detail their case counts and strategies related to COVID-19 —...
Assisted living and nursing facilities sue government over Medicaid reimbursement cuts
By
Lois A. Bowers
Jun 12, 2018
The Montana Health Care Association and several assisted living communities and skilled nursing facilities that are members sued the state of Montana on Monday afternoon, alleging that the state violated...