Staffing remains top challenge for senior living operators: NIC
By
Kimberly Bonvissuto
Dec 17, 2021
Staffing shortages continue to plague senior living and other long-term care operators, with attracting community and caregiving staff remaining a “significant challenge,” along with increasing turnover,...
Affordable senior housing communities share in $1.34M for ‘green energy’ upgrades
By
Kimberly Bonvissuto
Oct 23, 2023
Sixteen federal affordable housing properties are on the receiving end of more $1.34 million in new loans and grants to implement energy efficiency and climate resilient upgrades.
Raises from coast to coast: hourly minimum wage reaches or surpasses $15 in 2021
By
Kimberly Bonvissuto
Jan 06, 2021
Twenty states and 32 cities and counties increased their minimum wage as of Jan. 1, with 27 of these jurisdictions reaching or exceeding $15 an hour, according to the National Employment Law Project.
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...
‘Rich opportunities, daunting challenges’ ahead for senior living: report
By
Kimberly Bonvissuto
Feb 08, 2024
2024 will bring both “rich opportunities” and “daunting challenges” as senior living takes “two steps forward and one back,” according to a new Argentum industry forecast report.
Liability claims lead to higher premiums, reduced coverage for senior living providers
By
Kimberly Bonvissuto
Nov 24, 2021
Insurance premiums are rising and coverage is tightening, leaving senior living providers facing significant increases in loss costs, according to a new claims benchmarking study from Willis Towers Watson.
Cheaper housing driving interstate moves among retirees
By
Kimberly Bonvissuto
Jan 24, 2023
More retirees are moving from one state to another in search of less expensive housing, and they have their sights set on Florida, according to a retirement relocation trend report.
Investor optimism abounds about future of senior living
By
Kimberly Bonvissuto
Nov 01, 2022
Despite increasing expenses squeezing operator margins and investment returns, even more reasons exist to be optimistic about senior living’s outlook, according to a new report on emerging real estate...
Pennsylvania budget delivers ‘lifeline’ of $46.7 million to assisted living providers
By
Kimberly Bonvissuto
Jul 12, 2022
Pennsylvania is delivering an “immediate lifeline” to assisted living and other long-term care providers with a $515 million “historical commitment” to the sectors, according to industry advocates....
Resident falls account for 75 percent of insurance claims with payment in senior living
By
Kimberly Bonvissuto
Mar 06, 2023
Resident falls claims continue to be the primary insurance loss driver for senior living providers, according to a new report.