Headline reports this week falsely claimed that rapper 50 Cent sold his Connecticut home to a developer with plans to turn the estate into an assisted living facility. While those rumors sparked our attention here in the newsroom, we kept you in the know with the facts. In the wake of earnings call season, senior […]
Category: Senior Care
If there’s any doubt about how massive the senior care industry has grown to be, a new report puts a precise number on it. Last year, the senior care market reached a whopping $305 billion. Demand for all types of long-term care has continued to steadily grow across home care, hospice, nursing and assisted living, […]
What would it mean if the average life expectancy were to increase to 150 years? One change could be that corporations would need to allow employees to bring their elderly parents to work and provide on-site care. That’s according to Thomas J. DeRosa, CEO and President of Welltower Inc. (NYSE: HCN), one of the “Big […]
AdCare Health Systems, Inc. (NYSE MKT: ADK) is looking to boost board accountability in the wake of a scandal involving one of its former directors. Specifically, AdCare’s shareholders approved a proposal to declassify the company’s Board of Directors during the company’s annual meeting of shareholders on Dec. 10. Declassifying the board means that each one […]
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 […]
Providers across the senior care spectrum are tapping into the home health market to expand their services, as evidenced by LexisNexis’ 2015 rankings of the leading providers of home health in the United States. Brookdale Senior Living (NYSE: BKD) snagged a spot among the top-10 home health providers, and it’s not the only company with […]
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 […]
No stranger to health-related apps and fitness tracking technology, Apple, Inc. (NASDAQ: APPL) this week announced its newest endeavor in the health care arena. And it’s using the iPhone to gather health metrics and create diagnostics on many ailments of aging such as heart disease and diabetes. Health and wellness took center stage during a […]
Though home care is often praised for being a more cost-effective solution than institutionalized health care one would receive in a hospital or skilled nursing facility, it is also subject to a lack of scrutiny when it comes to caregivers, according to a recent article from Kaiser Health News (KHN). An investigation conducted by KHN […]
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