Therapy providers are facing a sharp cut to their Medicare reimbursements in 2021, which threatens access to care for older adults and potentially complicates senior living operations. And this comes at a time when residents’ needs are particularly pressing, and providers are under intense pressure related to the ongoing Covid-19 pandemic. The Medicare reductions will […]
Dealing with Covid-19 hasn’t been easy for Generations, but the company’s executive chairman is optimistic about recovery and is forging ahead with innovative middle-market and intergenerational projects. Since the outset of the pandemic, the Clackamas-Oregon, based senior living provider has watched its census decline by about 850 basis points, hitting revenue as expenses rose. “It’s […]
Since the early days of the pandemic, some senior living industry leaders have expressed optimism that Covid-19 is creating pent-up demand that will break through once coronavirus vaccines are distributed and the public health crisis comes under control. But as a vaccine appears imminent, the evidence and outlook on pent-up demand is mixed, with some […]
Randy Bury, the CEO of the Evangelical Lutheran Good Samaritan Society, describes himself as an optimist, and he is hopeful heading into 2021. But on the question of how quickly occupancy will bounce back in senior living, he is blunt about his doubts. “I don’t think our spigot is going to just open up again […]
Big players in the senior living industry have for years targeted dense, populated markets for new projects or acquisitions — but these are far from the only opportunities out there. Other senior living companies have chosen the road less taken by focusing on less-dense secondary and tertiary markets such as Boise, Idaho; Omaha, Nebraska; and […]
Ohio Living has a window of opportunity to increase revenues via Medicare Advantage in 2021. In fact, capturing more dollars via MA is a linchpin in the Columbus, Ohio-based nonprofit provider’s “revenue reform and recovery” strategy, CEO Larry Gumina told Senior Housing News. Ohio Living is a partner in the Perennial Consortium, an operator-owned MA […]
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 […]
The rise of hipsturbias — first-ring suburbs of metro areas attracting mixed-use development and fostering intergenerational living — was a top real estate trend heading into 2020. these areas have been disrupted by Covid-19, but their future still appears bright, including for senior living development. Positive demographic trends and a favorable market for housing sales […]
Senior living providers are eagerly awaiting a Covid-19 vaccine — but the logistics around inoculating residents and associates are complex. On Wednesday, the United Kingdom authorized a Covid-19 vaccine from Pfizer for emergency use, increasing hopes that the U.S. Food and Drug Administration will follow suit in short order. While it appears that a vaccine […]
As calendars flip to December, the exercise of reflecting on the past year and planning for the future is more necessary — and more difficult — than ever. How to sum up a year marked by Covid-19, protests for racial justice, and a presidential election, among other changes and upheavals? And what lessons can be […]
