In case you missed them, here are the top five stories grabbing Senior Housing News readers’ attention this week:
3 Solutions to Age-Old Senior Housing Problems — The issue of “cost creep” and rising expenses, lead generation and occupancy levels are persistent challenges for senior living providers. However, there are unique ways of solving them, industry experts say. And in doing so, providers may be able to add hundreds of thousands of dollars to their bottom line.
Uber Comes to Senior Living With New UberASSIST Rides — Fast growing San Francisco-based ride service company recently announced that San Diego is the latest city to provide transportation services specifically for the elderly and individuals living with disabilities as part of its UberWAV and uberASSIST ride offerings. In San Diego, the new services look to fill several crucial gaps in the city’s current transportation system for seniors and people with disabilities, Chris Ballard, general manager of Uber San Diego, tells SHN.
Why Senior Living Providers Must Go Big or Go ‘Sold’ — The senior housing market is becoming different in two key ways: operators either own one or two facilities or are drastically and aggressively growing their portfolios. And the latter strategy is a must for senior living providers who want to remain in the industry for years to come, said Jeremy Stroiman, co-owner and CEO of Evans Senior Investments, during a recent webinar. Otherwise, now is the time to sell.
Provider Bridges Home Care Gap for Independent Senior Living — Atlanta-based technology company OneCare is using health data to help independent living residents bridge the gap between home care and senior living services through the use of a kiosk-based system. Since its launch in February 2011, OneCare has raised over $1 million of capital toward the development of its kiosk technology, and is now focused on the second round capital raise to grow and implement its technology on a more widespread basis, OneCare CEO Gary Austin tells SHN.
Booze and Chocolate New Dementia Prevention Plan? — It might sound too good to be true, but a new study shows that alcohol and chocolate could help prevent memory loss or dementia. In two independent studies, published in the American Journal of Alzheimer’s Disease & Other Dementias, researchers find that drinking a moderate amount of alcohol might preserve cognitive functioning, while a natural compound in cocoa can reverse age-related memory loss.
Written by Cassandra Dowell