The majority of continuing care retirement communities budget $20,000 or less per independent living unit sale, finds a Ziegler CFO HotlineSM about marketing costs and commissions. The survey took multiple variables into account, csuch as organization size, wage and commission structure, along with the current occupancy rate. Nearly one hundred participants responded to the survey, the […]
The most common assisted living reform changes reported in 2012 related to background checks, medication, and caregiving, according to the Assisted Living Federation of America (ALFA) State & Regulatory Snapshot. Unlike nursing homes, the assisted living industry is not federally regulated. Legislation and regulations can vary from state to state, so providers need to be aware of […]
Senior housing developers are stressing the need to build new communities in established locations rather than in remote areas, as placement is critical for a development’s long-term success, said panelists at the Illinois Real Estate Journal’s Senior Housing Conference in Chicago last week. An urban living project by architecture and design company Gensler emphasizes this […]
Understanding the economics of the baby boomer demographic will be crucial in fiscal negotiations because they represent such a large-scale change in the American population, according to an article from the New York Times. As program spending cuts are set to occur January 1 under what has been termed the “fiscal cliff,” boomers’ aging will undoubtedly change […]
Emerging trends within the senior housing industry have led many developers to stray away from seclusive locations, focusing instead on incorporating senior living facilities into residential neighborhoods, according to an article from Forbes. St. John’s Living Community in Rochester, N.Y., is one example of a senior living provider who, if successful, will “blur the line […]
A trend has sprouted among companies nationwide as more businesses seek eco-friendly development plans during early construction stages, and it’s spreading to senior living. For many developers, the decision to “go green” is based on the benefits of long-term financial savings and future returns on investments (ROI), according to the U.S. Green Building Council (USGBC). […]
A Tennessee-based nursing-care company is under investigation for defrauding Medicare of millions of dollars in unnecessary treatments, according to a federal complaint. The U.S. Government filed this complaint against Life Care Centers of America, Inc. to recover millions of dollars that Life Care allegedly billed Medicare and TRICARE programs to pay for services not covered […]
Medicare reimbursement cuts, along with an increasing number of short-term rehabilitation patients, have forced care providers to adjust business strategies and diversify services to keep up with emerging trends within the healthcare industry. Developing a more patient-focused care model—one that follows patients during transitional periods—is one way Kindred Healthcare is fostering acute and post-acute integration, […]
Hospice services can help seniors remain in their homes as they near the end of their lives, including those who live in assisted living communities, but sometimes a power struggle arises regarding which care provider is in charge. In the past, seniors had to move out of assisted living communities if they developed a life-threatening […]
Seniors’ willingness to accept robotic assistance may be an indicator of how care is delivered in assisted and skilled nursing communities in the future, or create a viable alternative to moving into those communities entirely, according to a study conducted by Georgia Tech. Conducted at Georgia Tech’s Human Factors & Aging Laboratory, the study focused […]
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