With their eyes on the huge cohort of lower- and middle-income baby boomers, senior living providers are looking to the Medicaid program as one potential avenue for growth. Large providers such as ALG Senior and Gardant have carved out niches in the Medicaid space, but recent Medicaid policy changes paint a decidedly mixed picture about […]
Even before Covid-19 struck the United States, senior living providers faced challenges related to a hardening insurance market. The pandemic has only added further pressures, and senior living operators are facing rate increases, capacity shortages and coverage retrenchments in 2021. That’s according to the recent Willis Towers Watson Marketplace Realities report for senior living and […]
Assisted living certified nursing assistants (CNAs) earned more in 2020 amid a dramatic increase in employee turnover as the Covid-19 pandemic accelerated. Lead CNAs across the U.S. saw their hourly wages increase by nearly 7.3% in 2020, while hourly pay for CNAs grew by just over 5.7%, according to the most recent Assisted Living Salary […]
One day after President Joe Biden took office, his administration released its national strategy for combating Covid-19. The 200-page plan calls for a “laser-focus” on vaccinating people at highest risk, including older adults and people in congregate settings, as well as “targeted surge assistance” to help contain Covid-19 outbreaks in assisted living. “The United States […]
A new senior housing community in the metropolitan Atlanta market highlights a forward thinking approach to senior housing development and design, with inspiration drawn from the local area. Village Park Milton, an $81 million community in Alpharetta, Georgia consists of 50 independent living units, 48 assisted living units, and a dedicated 20-unit memory care unit […]
Assisted living providers stand to receive $140 million in the latest round of Covid-19 relief for health care providers from the Department of Health and Human Services (HHS). That is according to an HHS spokesperson, replying to a request for comment from Senior Housing News on Wednesday’s announcement that the agency is expanding its Phase […]
The federal government on Wednesday announced that it is expanding the third phase of Covid-19 relief for health care providers, including assisted living. The Department of Health and Human Services (HHS) is boosting its Phase 3 funding total from $20 billion to $24 billion, after concluding that the initial amount did not sufficiently cover lost […]
Going into 2021, Aegis Living is preparing for a potentially bumpy rollout of a Covid-19 vaccine, and the organization is primed for another 90 to 100 days of intense pandemic activity — but CEO Dwayne Clark predicts recovery to take hold next spring. By that point, significant herd immunity could be reached, and strong providers […]
Spurred by the continuing shortage of skilled labor in senior living and exacerbated by Covid-19, the costs to reside in assisted living in 2020 are significantly higher than the previous year, according to the latest Cost of Care Survey from insurer Genworth Financial (NYSE: GNW). Assisted living costs rose 6.15%, the highest spike among all […]
Entrepreneur Shelly Sun built BrightStar Care into one of the largest home care providers in the United States, and Covid-19 has made her even more bullish on her company’s growing, franchise-based model of senior living. Specifically, she believes that BrightStar Senior Living is meeting the moment by blending efficiencies of scale with a highly personalized […]