Senior living operators are in 2024 finding ways to increasingly cut down on labor expenses. With agency staffing use trending downward, reducing overtime is a big focus. To some in the industry, it’s a “stubborn sliver.” To others, it’s a “mild headache” compared to the cost of agency staffing. But the bottom line is that […]
Partnerships 12 Oaks partners with August Health 12 Oaks Senior Living announced a strategic partnership with August Health to enhance its care and compliance capabilities. According to a press release, the initiative will leverage advanced health data analytics and integrated care platforms to deliver personalized care to residents and provide a focus on value based […]
The rising costs of food have forced senior living culinary teams to get creative with their budgets and operations. At the root of the issue is the fact that operators must limit the impact of growing food costs to margins without sacrificing overall quality. It’s for that reason that Amy Robinson, national vice president of […]
Senior living operators and owners need to work together in better alignment to achieve outcomes in 2024 and beyond This is not a controversial statement, and the issue of better owner-operator alignment has been a hot topic for several years. But discussions last week at our Capital & Strategy conference showed that the industry is […]
The senior living industry is in a state of flux in 2024 as operators look to stick the landing on their pandemic recovery, all while growing for the future. Doing both at the same time is hard. On the one hand, average occupancy rose to 85.6% in the first quarter of 2024, and is on […]
This article is available as part of your SHN+ membership. Following a strong performance in 2023, 12 Oaks Senior Living is looking to keep that momentum going through this year as well. That’s according to President Greg Puklicz, who told Senior Housing News the company was able to grow its portfolio to 38 communities and […]
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Many senior living executives hoped 2023 would be the year that the senior living industry finally pivoted away from its biggest ongoing challenges. That did not happen as planned. In 2024, operators are sure to confront many of the same challenges as they have for the last almost four years. Staffing, occupancy, margins and other […]
A new year always brings new challenges and opportunities. In 2024, the senior living industry will have plenty of both. The senior living sector endured a hard year in 2023, starting with multiple stories of operators shutting down or in distress, and ending with assisted living being slammed in the recent Washington Post series. But […]
This story is part of your SHN+ subscription As senior living operators wind down their operations for 2023, many can look back and see a year of hard-fought recovery. But the road ahead is fraught with challenges as providers continue to focus on occupancy and margins. The demand outlook for senior living is favorable for […]
