While battling through the immediate challenges of omicron and the larger labor crisis, Generations LLC Executive Chairman Chip Gabriel is also focused on creating a senior living model for the future. That model aims to do away with the “moat” that too often surrounds senior living communities, in order to create more vibrant, intergenerational environments, […]
The omicron variant of coronavirus drove Covid cases to an all-time high in the early days of 2022, putting senior living providers under intense pressure to start the year. In particular, providers are facing staffing challenges as infections among the workforce compound an existing and extreme labor crunch. Furthermore, evolving guidance from federal and state […]
Senior housing occupancy rose to 81% in the fourth quarter of 2021, an increase of one percentage point, marking the second consecutive quarter of occupancy growth. That’s according to quarterly NIC MAP Vision data released Thursday. The increase is 2.3 points higher than the pandemic low point of 78.7%. “This report was really bullish, encouraging, […]
“During 2021, it felt like the ‘Covid-19 finish line’ kept being moved further away. I don’t think we’ll see a world without Covid-19 soon, but I think our industry is armed with the knowledge and experience to help enrich seniors’ lives better than ever.” Brookdale Senior Living CEO Cindy Baier’s words ring true for nearly […]
In the final week of November, there was a 7-day average new Covid-19 case rate of just over 95,000 per day in the United States. In the subsequent month, that number has exploded to 188,000, according to data from the New York Times and Our World in Data. This surge is due in large part […]
Senior living industry association Argentum is calling out the Biden Administration’s plan for determining Covid relief payments for assisted living communities. The association on Wednesday took aim at the methodology for Provider Relief Fund (PRF) Phase 4 payments from the Health Resources and Services Administration, which is an agency of the Department of Health and […]
Nearly 80% of respondents to a recent seniors housing industry survey reported that caregivers and hourly employees face critical levels of burnout and another 80% said that staffing shortages are the biggest issue they face. OnShift, a Cleveland-based human management software company, revealed the results of its third annual Workforce 360 Survey earlier this month. […]
The Department of Health and Human Services (HHS) on Tuesday announced the release of $9 billion in Phase 4 Provider Relief Fund payments to health care providers, including assisted living operators. Payments will start to be made later this week to nearly 70,000 providers, according to HHS. The average payment will be $58,000 for small […]
Brookdale Senior Living (NYSE: BKD) on Wednesday reported weighted average occupancy of 73.5% for November 2021, marking nine consecutive months of growth. November also was the first month of positive year-over-year growth for Brookdale’s weighted average occupancy since the Covid-19 pandemic began. Brentwood, Tennessee-based Brookdale is the nation’s largest senior living provider, with a portfolio […]
Recent occupancy and absorption trends show that recovery is underway in the senior living industry. But not all operators and communities are seeing the same kind of gains. Some communities and property types have rebounded from pandemic lows faster than others, with variations in the same market or the same owner/operator portfolio. Given all of […]
