Genworth Financial released its annual long term care costs survey for 2009 that finds that the costs for nursing home and in-home care as well as assisted living have continued to surge. The study shows that the cost of labor is the driving factor in the increases in the report and that the costs of […]
Category: Long Term Care
The check is in the mail…soon, sometime toward the end of May. Stimulus checks are going to be coming soon to most individuals who get Social Security, Social Security Disability Insurance (SSDI), Supplemental Security Income (SSI), will receive a one-time payment from the U.S. government of $250 as part of the American Recovery and Reinvestment […]
The Center for Retirement Research (CRR) at Boston College released earlier this month its biannual National Retirement Risk Index (NRRI) report that adds long-term care expenses to the Index calculation. The addition produced another increase in the number of working Americans who may not be financially prepared to retire and increased the index number by […]
Prudential Mortgage Capital Company recently announced that it had arranged a $756 million construction loan for a new hospital in Hopewell Township, N.J., the largest in Federal Housing Administration history. Prudential’s (NYSE: PRU) FHA-lending business arranged the loan through the FHA’s Section 242 Hospital Mortgage Insurance program. The hospital, located in the Trenton N.J. area, […]
A recent study published in the Journal of the American Medical Directors Association, showed that Hispanic nursing home patients are more likely than their white counterparts to develop bedsores or pressure ulcers. The research was conducted by a professor at Brown University’s Warren Alpert Medical School and analyzed data on over 74,000 urban nursing home […]
The Ensign Group, Inc. (Nasdaq: ENSG) announced last week that its Mt. Ogden Health & Rehabilitation Center in Ogden, Utah has successfully graduated from the Centers for Medicare and Medicaid Services’ Special Focus Facility program. The facility, which was acquired by an Ensign operating subsidiary in July 2006, was added to the Special Focus program […]
In an move to address the growing needs of in-home health care and monitoring, Intel and General Electric (GE) recently announced that they are forming an alliance to market and develop home-based health technologies that will help seniors live independently and patients with chronic conditions manage their care from the comfort of their home or […]
CARF-CCAC, the national non-profit accrediting body for continuing care retirement communities, announced that the accreditation for Shell Point Retirement Community has been renewed for another five year term, and that Shell Point has been certified as a Person-Centered Care Community with additional designations. These specialty designations are Person-Centered Long-Term Care Community: Dementia Care Specialty Program […]
The Wall Street Journal ran an article yesterday entitled, “Mom and Dad, You’re Broke”, that addressed discussions that children may be having with their parents as a result of the economic down turn. The article discusses a variety of topics such as updating a will, financial planning and nursing home care. The article specifically talks […]
While the focus of Senior Housing News primarily covers the US market, some of the more interesting opportunities and challenges for senior housing lie outside the borders of North America. The United Nations released its updated World Population Prospects for 2008 which states that the global population of persons aged 60 or over is expected […]
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