Of all the challenges that COVID-19 brought Bickford Senior Living, the one that confounded them was the slowdown in rent payment. Before the pandemic, about 90-92% of residents at the Olathe, Kansas-based Bickford paid their rent by the 10th of the month. During the pandemic, that number dropped to 79%. “It’s a mystery to us […]
Editor’s note: WTWH Healthcare is pleased to announce the inaugural Prism Awards, honoring individuals and organizations that have demonstrated exemplary achievements in the areas of Diversity, Equity, Inclusion & Belonging (DEIB); Environmental Sustainability; and Social Stewardship. The deadline for award submissions is Nov. 30. Senior living operators must do much more than pay lip service […]
This article is part of your SHN+ subscription. It seems like value-based care is everywhere in senior living – but managing the risk and reaping the rewards is not as easy as it looks. In 2024, value-based care has become “somewhat of an amorphous term,” according to Kim Elliott, senior vice president and chief nursing […]
PLYMOUTH, MA, September 24, 2024 – Senior Living SMART is proud to announce the launch of its newest resource for senior living professionals, SMART(er) Marketing for Senior Living Communities: How to Work Smarter, Not Harder to Grow Occupancy. Authored by industry experts Deborah Howard, CEO of Senior Living SMART (SLS), and Andréa Catizone, President and […]
U.S. Vice President Kamala Harris is seeking to bolster Medicare with a new benefit helping to pay for home care. During an appearance on ABC’s “The View” Tuesday, Kamala Harris announced a new Medicare home-based care benefit that focuses on helping the “sandwich generation,” or adults who are caring for their aging parents while also […]
Editor’s note: You can hear more from senior living executives, including Experience Senior Living President Phill Barklow, on the topic of ongoing development at the upcoming (RE)BUILD conference. Experience Senior Living is advancing new development projects in an effort to capitalize on new senior living demand in the years ahead. The Denver, Colorado-based senior living operator […]
Demand for senior living has continued to exceed the rate of new community openings in 2024, a trend that could lead to increasingly tight availability for such services down the road. According to the latest NIC MAP Vision occupancy report, released Oct. 3, the occupancy rate across the 31 primary markets that NIC MAP tracks […]
This article is part of your SHN+ subscription If all goes according to plan, senior living operator Galerie Living will “explode” with new growth and business lines in the coming year and beyond, according to CEO Tim Gary. The company’s first and only currently open Corso community, Corso Atlanta, is almost fully occupied with operating […]
Between demand for senior living and a new interest rate cut, companies in the industry have some things to look forward to in the years to come. But a “funky” supply-demand imbalance is still here to stay for now, as new projects take years to come to fruition. For one, demand is set to push […]
This article is part of your SHN+ subscription Senior living operators are notching improvements in the duration of resident stays as the industry has settled into a new normal in 2024. It’s no secret that the length of stay across the senior living industry has decreased in the last four years, a trend thought to […]
