More seniors are trying to stay at home, whether it’s an economic decision or an emotional decision, and trying to figure out how to use technology to make their stay at home more comfortable. Many people think that the use of technology for “aging services” is a costly indulgence. While the capital and upfront expenditures […]
Category: Senior Housing
As home health care agencies face increased wage costs and an extremely competitive job market for health care workers, the burden of meeting Medicare shortfalls is being passed along to local and state governments to fill the gap. Adding to the mix are increasing medical insurance costs and higher gas prices, these problems seem to […]
There is a looming epidemic on the horizon: an estimated 2.9 million people with intellectual or developmental disabilities or some significant functional limitation live with caregivers who are 55 or older. As these caregivers age, what happens to those who need care? More importantly what happens to those who gave care now need it themselves? […]
Late last week the associated press ran an article on how senior housing and assisted living operators were lowering their guidance and forecasts as housing prices continue to fall and sales stagnate. These baby boomers and many retirees are choosing to remain in their homes and stick it out rather than selling for a lesser […]
Last week the federal government released information on some of the most troubled nursing homes and this initiative could pave the way for further information to be provided to the public domain if Congress passes a bill that was introduced earlier this year. While many private operators publish data on quality of care, their offerings […]
Assisted Living Concepts (NYSE:ALC) reported net income of $4.1 million dollars in the first quarter of 2008. The most interesting part of the press release is the quote from the President and CEO of ALC, Laurie Bebo. “Despite lower same store overall occupancy, we improved revenues and adjusted EBITDA through strategic acquisitions and cost reductions […]
Legislation was recently introduced into the Senate that end the ability for nursing home residents to waive their right to trials. Prior to admitting new patients, many nursing homes are having their clients sign arbitration agreements rather than allowing them to take their disputes to a court of law. The Fairness in Nursing Home Arbitration […]
The New York Times ran an article recently on an emerging job and employment trend that says moving specialists are in demand. These “downsizing specialists” are catering to baby boomers and seniors as they move out of their homes and into smaller homes or assisted living facilities. People with degrees in gerontology, health care and […]
Last week the Wall Street Journal published a short article entitled “Designing for the Senior Surge” that discussed bathrooms, appliances and other items in the home being redesigned for seniors as they age in their homes. The article addresses three main areas: vision impairment, motor skills and memory loss. The concept of again in place […]
America’s elderly want to stay at home as long as they can, sometime to the detriment of their health and safety. Seniors often postpone the decision to move into senior housing until after an event occurs that precipitates the change, sometimes an accident or a serious health problem push them over the edge to make […]
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