One-third of nonprofit continuing care retirement communities (CCRCs) that do not already have a continuing care at home (CCaH) program are considering offering one within the next two years, preliminary results from a soon-to-be published report show. Those results bolster past research that show a rapidly growing number of organizations are offering CCaH program services. CCaH […]
CliftonLarsonAllen LLP
A relative newcomer to the senior housing space is making headway with nearly 10 projects in its mega church-model pipeline thanks to assembling a team of senior housing industry mainstays. Omega Communities, LLC was founded by Pat Trammell, Jr., the chairman and CEO, around three years ago. The concept for each senior living community project includes […]
While entering the home health industry makes sense for senior living providers, a considerable amount of due diligence is required before plunging into the marketplace, said panel members on Thursday during Senior Housing News’s webinar, Time for Senior Housing Operators to Get Into Home Health Care? A massive aging population offers an incentive for senior living […]
Senior housing executives are losing sleep over the universal health insurance coverage provision of the Affordable Care Act (ACA) as they try to predict the eventual costs to their companies. “The ACA is one of those things that’s keeping me up at night,” said Pat Mulloy, CEO of Kentucky-based Elmcroft Senior Living, during a general […]
Changes issued earlier this year by the Financial Accounting Standards Board (FASB) regarding refundable entrance fees for continuing care retirement communities (CCRCs) aren’t expected to impact community ratings, according to a new Fitch Ratings report, but consumer reassurance may be required as a result. The change has to do with whether income from refundable entrance fee […]
Providing a continuum of care services outside of the traditional bricks-and-mortar setting can be way to increase utilization and occupancy at senior living communities, but it’s paramount for providers interested in starting these types of programs to do their homework, said Sarah Spellman, a director at top-ten accounting firm CliftonLarsonAllen LLP during an interview with not-for-profit […]
It’s not an easy question, or an easy answer. What health care reform will mean for senior living providers and their employees is something all businesses will have to consider if they are not already doing so. And what it will cost may be, for some, a million dollar question. At least. There are still […]
The Financial Accounting Standards Board decided during its May 30 meeting to finalize some amendments changing the way continuing care retirement communities (CCRCs) account for refundable entrance fees. The amendments will be included in a separate Accounting Standards Update in July 2012, and they could affect certain communities depending on their entrance fee refund policies. […]
Boomers across the nation are facing a harsh reality of declining home value, rising debt, and depleted savings as they approach retirement age with little time remaining to recoup their losses, and the senior housing industry might not want to consider this generation to be their big break, according to a healthcare consultant during Life […]
Similar to the saying, “If the mountain will not come to Mahomet, Mahomet must go to the mountain,” the senior housing industry is increasingly finding that if older adults don’t want to go to senior living communities, it’s going to need to find ways to bring its services to the senior. Consumers as a movement […]
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