Reading the recent Top 10 Trends in Senior Housing for 2014, I was hit with the realization that the rapid evolution of remote monitoring has positioned the technology to neatly address the majority of Senior Housing News’ predictions for the coming year. The reason is simple: remote monitoring enables seniors to safely live as independently […]
Over the past several years, the senior housing market has seen meaningful consolidation as national and regional providers seek to acquire market share and gain efficiencies. Indeed, large portfolios have traded, and in 2013, there were a record number of non-portfolio transactions, as acquirers focused on the highly fragmented markets of regional and local senior […]
This column was contributed to Senior Housing News by Charles Durrett and Bernice Gonzalez of McCamant & Durrett Architects, The Cohousing Company Historically, “aging in place” meant that seniors spent their elder years in the home where they had lived and raised their children, and where extended family members could care for them. Families remained close by and often […]
Industry and demographic statistics from credible sources—the Bipartisan Policy Center, U.S. Census Bureau and National Investment Council, to name a few—point to sustained and significant demand for senior housing in Chicago, the Midwest and across the country. It is the type of demand and the resultant enthusiasm that could potentially fuel a “build it and they […]
Changes have been afoot with the Department of Housing and Urban Development’s loan program for housing for low-income seniors that have made it more attractive for nonprofit property owners to prepay and refinance their existing loans during the current low interest rate environment, writes Lancaster Pollard. Modifications in Housing Notice 2012-08 apply to owners of […]
Reimbursement for assisted-living providers historically has been private pay. While that continues to be the case, over the last decade there has been an expansion in the number of states that contribute Medicaid dollars for some services. On a macro level, expanding Medicaid reimbursement for AL will result in higher demand across the board. Residents […]
Concerned that a growing number of seniors have been unexpectedly forced to pay thousands of dollars for nursing home care after a stay in a hospital, Medicare has launched a pilot project to test whether relaxing its hospital payment rules could help beneficiaries. The issue revolves around what should be an easy question: Is the […]
As more doctors and hospitals go digital with medical records, the size and frequency of data breaches are alarming privacy advocates and public health officials. Keeping records secure is a challenge that doctors, public health officials and federal regulators are just beginning to grasp. And, as two recent incidents at Howard University Hospital show, inadequate […]
An increasingly popular means of reducing the institutional nature of senior-care facilities, the household model is “a living arrangement where all activities of daily living occur within a small-scaled environment, reminiscent of a large family home” [citation]. Typically, a senior-living campus will have multiple households containing 10 to 20 units each. In 2010, we examined […]
Much has been discussed about the pros and cons of the HUD 232 New Construction or Substantial Rehabilitation (sub-rehab) program for the financing of Skilled Nursing and Assisted Living construction. Although challenges do exist, there are certainly ways to make the program work effectively for health care projects. The Advantages While there is no “free […]
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