This past week, Senior Housing News kept readers in the know about be.group’s anti-turnover efforts and how interest rate hikes might impact senior living next year. We also parsed out which cocktails are most popular in senior living—and wished we could regularly take part in some senior living communities’ happy hours.
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Dished: Most Popular Cocktails in Senior Living—From onsite pubs and Bloody Mary bars to home brewing beer, senior housing as of late has aimed to appeal to the happy hour lover in every resident. Senior living providers are also coming up with creative ways to incorporate alcohol in programming and concoct crafty cocktails. SHN identified some of the most popular cocktails in senior living, as reported by the residents and providers themselves.
How be.group Slashed Dining Services Turnover By 67%—After embracing a technology-forward platform to better engage its employees and communities, California-based nonprofit senior living provider be.group has seen a significant reduction in turnover. Beyond the measurable outcomes for the bottom line, be.group has also seen improvements in the resident experience.
Senior Housing REITs to Feel the Impact of Rate Hikes in 2017—As expected, the Federal Reserve updated its policy to effectively raise short-term interest rates Tuesday, and said it will impose as many as three rate hikes in 2017. Senior housing REITs saw swift losses, despite the decision coming as no surprise. Fortunately, the impact of the announcement is unlikely to negatively impact REITs in the long term, but how some of the biggest players in the senior living industry will act in 2017 is still up in the air as interest rate hikes are due to come at a faster pace.
Weekend Reads
Therapy Cats for Dementia Patients, Batteries Included—Hebrew Home at Riverdale in the Bronx, like some other skilled nursing facilities, is increasingly using robotic therapy cats to calm Alzheimer’s and dementia patients who have anxiety and agitation, The New York Times reported.
Denzel Washington Helps Childhood Librarian Celebrate Her 99th Birthday—Denzel Washington recently helped Connie Mauro, a resident at Atria Johnson Ferry in Marietta, Georgia, celebrate her 99th birthday. Mauro worked for years as a librarian for the Mount Vernon Public Library in New York, where she met Washington when he was just 7 years old.
Written by Mary Kate Nelson
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