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 […]
Argentum
This article is part of your SHN+ membership The need to improve operations is driving all that senior living operators do as they pivot to the offensive. One big pressure point is the need to do more with less. In 2024, operators are living that mantra in a variety of ways, from maintaining staffing expenditures […]
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An analysis of 911 call data by the Washington Post shows that lift-assist emergency responses have increased 30% in recent years at assisted living and other senior care settings, the newspaper reported. That spike is three times faster than the increase in overall 911 call volume seen nationwide between the same time period of 2019 […]
Average employee wages in senior living have risen at a greater rate than those in the private sector, but staffing remains an ongoing pain point for the wider industry. That’s according to a new Argentum report analyzing wage growth over the span of five years from 2019 to 2023. The report, released this week, is […]
Partnerships Argentum, AlphaROC announce strategic partnership Senior living trade association Argentum and data science company AlphaROC have announced a strategic partnership to “reimagine” market research with the platform Occam. According to a press release, the Occam platform will be launched for Argentum members and allow them to get “faster and easier access to public opinions,” […]
Closer collaboration between the government and private-pay senior living operators are needed to maintain assisted living quality and affordability in the years to come. That’s according to Gardant Management Solutions Co-president and COO Julie Simpkins, who spoke Thursday at a U.S. Senate hearing spurred by the Washington Post’s series of articles highlighting elopements and staffing […]
A committee of the U.S. Senate is slated to hold a hearing soon to study assisted living, a move spurred by a recent Washington Post investigation. The Post revealed on Jan. 16 that Sen. Bob Casey (D-Pa.), chairman of the Senate Special Committee on Aging, is launching a new review of safety within the assisted […]
More owners and operators of senior living communities are “leaning in” to programs on diversity, equity, inclusion and belonging than in previous years – but there is still lots for the industry to do in that regard. For one, senior living companies must “move beyond the focus of just recruiting diverse talent.” That’s according to […]
The recent Washington Post investigation on residents who wandered away from their assisted living communities has prompted a new review from a committee of the U.S. Senate. The Post revealed on Jan. 16 that Sen. Bob Casey (D-Pa.), chairman of the Senate Special Committee on Aging, is launching a new review of safety within the […]