There’s no doubt that long-term care financing poses serious challenges, and how to institute comprehensive reforms that expand services and make senior housing and other options more accessible is still up in the air. One group has set out to find those reforms and recently published its first consensus report with recommendations to shift financing […]
Category: Long Term Care
There were 30,200 assisted living and similar residential care communities providing services in the United States as of 2014, with the highest concentration in western states, according to a newly released report form the Centers for Disease Control and Prevention (CDC). Staffing patterns in these settings, as measured by average hours per resident day, remained […]
It’s the week of Valentine’s Day, when love is celebrated no matter how old you are. We kept you up to date on the latest earnings reports coming out as well as Mainstreet’s vision for the long-term care industry. Meanwhile, readers likely weren’t struck by Cupid’s arrow while diving into the latest construction trends. We […]
The U.S. long-term care industry as we know it is on its last legs, and innovative new communities are about to redefine extended-stay, residential senior living. So say two high-profile leaders in the sector, who recently teamed up and have ambitious plans. Zeke Turner is the founder and CEO of Mainstreet, a Carmel, Indiana-based development and […]
In our first full week back in the newsroom since the holidays, we were eager to bring our readers the latest news of the new year. Kicking off 2016, you wanted to know how one senior housing provider is easing the move-in process for prospective residents and family members. We were keen to share the […]
As senior living adapts amid minimum wage pressures and families increasingly face tough financial choices related to senior care, one presidential candidate has vowed to reform tax policies to better support paid and unpaid caregivers alike. U.S. Democratic presidential hopeful Hillary Clinton on Sunday proposed a set of initiatives aimed at caregiving families and workers, including a […]
The cost of liability remains on the rise for the long-term care industry, including independent and assisted living providers. Specifically, the overall national long-term care loss rate is anticipated to grow by 5% per year, with claim frequency fueling the increase. Claims frequency has an anticipated 3% growth rate. These and other findings were reported […]
Long-term care is quite costly, with senior housing hitting consumers hard in the pocketbook. The introduction of new insurance models, though, could mean the difference between someone’s ability to pay for assisted living and foregoing care altogether. That’s the premise of a new study conducted by the Urban Institute and Milliman Inc. and funded by […]
The toll of caregiving can sometimes be more than one can handle, findings from Genworth’s recent “Beyond Dollars” study show. Senior living providers can offer an alternative that may be increasingly attractive to family caregivers, who are experiencing greater burdens and may be seeing their careers and income suffer, the findings suggest. Today’s caregivers are […]
A large majority of older Americans expect they will likely need long-term care services in the future, but even so, they still lack confidence in their financial ability to pay for this care, a recent report finds. And adults age 40 and older may also be getting less realistic about their eventual needs. Just 32% […]
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