Health care versus hospitality: it’s an ongoing debate in the senior living industry today. High-end properties with resort-style amenities grab headlines, but other companies are committed to a different niche. For Premier Senior Living, success lies in maintaining a laser-focus on care and marketing that expertise. The New York City-based company currently has 23 assisted […]
Despite ongoing senior housing headwinds, executives with Welltower (NYSE: WELL) are encouraged by occupancy increases that occurred in the fourth quarter of 2018. “We’re cautiously optimistic about the recent performance of our senior housing operating portfolio,” Executive Vice President and Chief Investment Officer Shankh Mitra said Tuesday, on an earnings call with analysts and investors. […]
When Sunrise Senior Living’s management had its first introduction to Baltimore-based data analytics firm Arena about two and a half years ago, they were intrigued and also perhaps a little unnerved by the company’s flagship predicative hiring technology. “Chris Winkle, our CEO, and I listened in on a call with Mike Rosenbaum, who’s the CEO […]
In 2019, senior living providers need get over a “me first” mentality and get collaborative. Occupancy will remain stagnant and workforce challenges will grow more complicated, but changes in the U.S. economy and health care system could alleviate some pressures and create business opportunities. However, to take advantage of opportunities, providers might need to “detonate” […]
For many senior living tech firms, the holy grail is landing a big national operator as a customer and rolling out across the portfolio. But this is usually easier said than done for even the most innovative companies, as it requires a lot of patience and skill and a dash of luck. And yet, there […]
The National Assisted Living Quality framework released last month by health care real estate investment trust Welltower (NYSE: WELL) and Johns Hopkins Medicine (JHM) has the potential to establish a uniform set of best practices in assisted living and memory care communities across the country, and not just Welltower-owned properties. If that does indeed come […]
One the largest non-profit Medicare Advantage (MA) health insurance companies in the nation is open to working with senior living providers as new benefits are rolled out in 2019. Senior housing operators across the country are evaluating Medicare Advantage opportunities in light of a change announced last April. That’s when the Centers for Medicare & […]
Forward thinking senior living operators recognize the potential for tech to improve customer satisfaction, move-ins, employee retention and have a positive impact on value propositions. Two companies, Sunrise Senior Living and Cogir Real Estate, shared their experiences bringing tech into their operations platforms, with positive results, and outlined upcoming plans during a panel discussion on […]
Welltower (NYSE: WELL) has released the results of a study conducted for the health care real estate investment trust (REIT) by Johns Hopkins Medicine (JHM) that may eventually establish best operating practices in assisted living and memory care communities across the country. The National Assisted Living Quality report is the result of a three-plus-year process […]
As senior living providers assess how they can seize new opportunities in Medicare Advantage (MA), they should consider one of the nation’s largest insurance companies an interested potential partner. Indianapolis-based Anthem Inc. (NYSE: ANTM) is the largest for-profit managed health company under the Blue Cross and Blue Shield umbrella. It is also the most prominent […]
