Alzheimer’s cure would result in assisted living losses of $16 billion in annual revenues, 110,000...
By
Lois A. Bowers
Sep 17, 2019
A “novel, simple and fast-acting” cure for Alzheimer’s disease would be a “medical miracle” but would result in a loss of $16.3 billion in annual revenues for the assisted living industry, according...
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.
More news for Tuesday, July 18
By
Kimberly Bonvissuto
Jul 18, 2023
Overtime rule under review by White House … OSHA rule expands providers’ injury, illness data reporting requirements … Vermont commits to coordinated Alzheimer’s disease response
Elopement in assisted living: Not common, but costly
By
Lois A. Bowers
Nov 03, 2016
Resident elopement may not happen often, but when it does, it may cost assisted living communities a lot of money, according to a newly released analysis of claims data.
Higher staffing levels save one operator millions
By
Lois A. Bowers
Sep 18, 2016
It may seem counterintuitive, but Shamim Wu, president and chief operating officer of memory care provider Silverado, says that one way the company manages expenses is by having staffing levels that are...
Oakmont Senior Living agrees to settle wildfire-related lawsuit
By
Lois A. Bowers
Aug 20, 2018
Oakmont Senior Living has agreed to settle a lawsuit that accused staff members at one of its communities of abandoning residents during an October 2017 wildfire.
Study: Educated financial institution employees save seniors from exploitation
By
Lois A. Bowers
Oct 22, 2019
The AARP and Virginia Tech’s Center for Gerontology recently tested the effectiveness of a training program for bank and credit union employees and said that financial exploitation among customers “greatly...
Geriatrician calls for move to value-based care model for home care
By
Diane Eastabrook
Apr 19, 2021
Medicare and private insurers must quickly transition to a value-based-care payment model to meet the needs of an aging population, the head of Geriatric Medicine at the University of Virginia (UVA) told...
New infection prevention course ‘uniquely tailored’ to assisted living direct care workers
By
Kimberly Bonvissuto
Aug 01, 2023
A first-of-its-kind infection prevention course “uniquely tailored” to assisted living direct care workers is now available through a partnership between Argentum and epidemiology experts.
267 senior living communities named ‘Caring Stars’ for 2018
By
Lois A. Bowers
Nov 09, 2017
Caring.com is releasing its list of reviews-based honorees today, and 267 independent living communities, assisted living communities, memory care communities, care homes or skilled nursing facilities...