Amid growing concern regarding a lack of deaf-friendly senior housing, one advocacy group has been working toward a housing solution for this marginalized group in senior living. For years the Florida Association of the Deaf has campaigned to build federally subsidized apartments for the deaf on limited incomes, specifically in South in Florida, according to… Read More »
Senquest Senior Living Buys Ohio Community for $12 MIllion Senquest Senior Living, the senior housing business of Titan Real Estate Investment Group Inc., recently acquired an independent and assisted living property near Akron, Ohio for $12 million. Liberty Residence I and II have a total of 137 units which were 91% occupied at time of… Read More »
The Centers for Medicare & Medicaid Services (CMS) announced Wednesday a billion dollar funding opportunity for round two of its Health Care Innovation Awards, focusing this time on post-acute care innovation. CMS will spend up to $1 billion for awards and evaluation of projects from across the country that test new payment and service deliver… Read More »
Consolidation in the senior housing sector remains the name of the game going forward in 2013 as the overall industry moves toward efficiency, according to a recent Seniors Housing Research Report, but construction levels are picking up as well. Small operators with only a couple assets that need significant technology upgrades may find the current… Read More »
Abstaining from antipsychotic drugs could have positive effects on dementia patients’ overall health and well-being. Reducing the use of antipsychotic drugs in dementia care homes by an average 48% led to significant increases in resident well-being, both physically and mentally, according to data from Four Seasons Health Care, an independent healthcare provider in the United… Read More »
The senior care industry can expect increased Medicare fraud scrutiny in the next couple years as the Obama administration seeks to recoup program dollars to help fund health insurance coverage expansion, according to a senior member of a law firm’s Healthcare Practice Group. “[Because of] healthcare reform, President Obama will try to find any Medicare… Read More »
Senior living communities continue to search for ways to help residents unlock assets that allow them to age in place, and Life Credit Company says its product is an untapped asset. Around a third of senior living residents have some form of life insurance, Life Credit estimates. The La Jolla, Calif.-based company provides a way… Read More »
Former Life Care Centers of America employees are speaking out against the company, which is currently under federal scrutiny amid allegations it has been overbilling Medicare millions of dollars each year for unnecessary or excessive therapy, reports CBS This Morning (CTM). With more than 30,000 beds, Life Care Centers is the nation’s third-largest nursing home… Read More »
Several of the largest senior living providers in the U.S. have announced they are partnering with Caring.com for buying of Internet leads. Brookdale Senior Living (NYSE: BKD), Emeritus Senior Living (NYSE: ESC), Benchmark Senior Living, and Senior Star have chosen the online senior living resources as their agency of record for national buying of Internet… Read More »
Senior Care Tech Innovation Shines at TedMed 2013
The Innovation Series is Brought to you by Care Innovations, a joint venture between Intel Corporation and GE, committed to creating technology-based solutions that give people confidence to live independently, wherever they are. With GE’s expertise in healthcare and Intel’s expertise in technology – we’re innovating to change the way care and solutions are delivered.… Read More »
Will Google’s Robo-Cars Drive Senior Independence?
The Innovation Series is Brought to you by Care Innovations, a joint venture between Intel Corporation and GE, committed to creating technology-based solutions that give people confidence to live independently, wherever they are. With GE’s expertise in healthcare and Intel’s expertise in technology – we’re innovating to change the way care and solutions are delivered.… Read More »
“Digital Pills” Could Help Senior Care With More Than Just Meds
The Innovation Series is Brought to you by Care Innovations, a joint venture between Intel Corporation and GE, committed to creating technology-based solutions that give people confidence to live independently, wherever they are. With GE’s expertise in healthcare and Intel’s expertise in technology – we’re innovating to change the way care and solutions are delivered.… Read More »
On the Record: Tana Gall, Partner & President of Leisure Care
Tana Gall, president of Seattle-based retirement community management company Leisure Care, made the leap into the senior living industry almost 19 years ago after being lured away from a job in advertising and marketing. Since then, she has used her extensive knowledge of her own company and the industry as a whole as she leads Leisure… Read More »
On the Record: Scott Brinker, EVP of Investments at Health Care REIT
One of 2012′s biggest senior living deals, the $845 million acquisition of Sunrise Senior Living by Health Care REIT, Inc. (NYSE:HCN) in a transaction that spun off the company’s management team and gave Sunrise investors $14.50 per share, was completed two weeks ago but continues to grow as joint venture interests are bought out. The… Read More »
On the Record: Alan Rosenbloom, President of The Alliance for Quality Nursing Home Care
The nursing home industry hasn’t exactly had the easiest of paths for the past fifteen or so years, especially after Congress’s Balanced Budget Act of 1997 attempted to restructure the Medicare reimbursement system and ended up cutting about $16 billion from the program, instead of the originally intended reduction of about $9-10 million. Alan G. Rosenbloom,… Read More »
