The need for more relief grows daily, as the U.S. grapples with a new surge of positive coronavirus cases with little end in sight, and industry groups and leading providers stress that without it they may not be able to stay in business for much longer, let alone keep their vulnerable populations safe. “What we […]
Argentum
Senior housing investors and operators can anticipate several changes that will affect the industry as a result of the 2020 U.S. elections. Democratic President-Elect Joe Biden has floated proposals including a major investment in home care, changes to real estate programs and policies, and pledges related to the caregiver workforce. The incoming administration also may […]
With the U.S. Presidential election still up in the air on Wednesday, the future direction of public policies that would affect senior living remained uncertain. But regardless of who ultimately wins the White House, tighter federal oversight and regulation of the industry appears likely. “In the months and years to come, we anticipate additional scrutiny […]
Operators of standalone independent living communities, blended independent living/assisted living communities and continuing care retirement communities (CCRCs) are eligible to receive Covid-19 vaccines under the new distribution initiative between the U.S. government and major retailers Walgreens (Nasdaq: WBA) and CVS Health (NYSE: CVS). Under the government’s plan — which is called the Pharmacy Partnership for […]
Assisted living providers are concerned about their ability to retain federal relief funds due to changes in reporting requirements, and industry associations are urging the Department of Health and Human Services (HHS) to address the situation. Argentum and the American Seniors Housing Association on Monday sent a joint letter to HHS Secretary Alex Azar regarding […]
“We won’t go back to the way we were. The new normal will not be the old normal.” These words were spoken last week by Beth Mace, chief economist at the National Investment Center for Seniors Housing & Care (NIC). But, it was a sentiment that many people have been expressing over the past month, […]
Senior Housing News recognizes the seriousness of the Covid-19 pandemic, so we will be periodically updating this bulletin to keep you apprised of developments, focusing on news and information that we identify as especially pertinent to senior living. The team at SHN knows how important your work is right now; we thank you and your […]
Assisted living providers will have an opportunity to receive additional federal funds to help offset the financial impacts of Covid-19. The Department of Health & Human Services (HHS) on Thursday announced the next phase of funding from the Provider Relief Fund. The funding includes $20 billion in aid for providers on the front lines of […]
The federal government likely will make more funds available to assisted living providers soon, although it is unclear how much will be directed to the industry, and further help is needed given an estimated $17 billion financial impact that Covid-19 is set to exact on the senior living industry. This is the message from the […]
Covid-19 has changed the state of play, but that doesn’t mean other long-term forces have stopped shaping the senior living industry. In addition to a deadly pandemic, senior living providers must also contend with the evolving preferences of the baby boomers, along with the lingering effects of recent supply-demand imbalances in markets across the country […]