Government healthcare spending is set to skyrocket, costs of long-term care are steadily rising, while at the same time, most seniors’ wallets are strained thanks to the prolonged economic recession. Add to that dwindling government benefits programs such as Medicare and Social Security that are unfortunately linked to an enormous federal deficit problem, and the future [...]
It began in 2011, and it’s going to keep happening until 2030: 10,000 Baby Boomers are turning 65 each day, and those in the senior housing industry don’t think the “Greatest Generation” is going to enter quietly into accommodations that don’t meet their standards and expectations. The Boomer generation has generally gone through life demanding [...]
Adaptability is one of the cornerstones of human evolution. Evolution is a slow process but adaptability, or the ability to “get by” in the short term, happens quickly and is reactionary. With the economy in a state of disarray during 2010 and 2011, the senior living industry and businesses in other areas were focused on [...]
When looking back on 2011, senior housing industry professionals agree that the billions of dollars worth of real estate investment trust (REIT) activity played an integral role in shaping today’s market. But some say that going forward into 2012, healthcare reform will be a key influence in the industry, and others point out the changing [...]
Despite the attractive terms and interest rates offered by the Department of Housing and Urban Development’s (HUD) senior housing financing programs, many have been turned off by the lengthy HUD queue and are resorting to other funding sources. “The basic problem with the FHA program is that it takes way too long, and a lot [...]
The senior living industry is in the midst of a “perfect” storm—global aging, healthcare reform requirements, threatened entitlement programs, and substantially lowered home values—that requires a culture of innovation in order to thrive, writes Michele Holleran, the founder of research firm Holleran and consultancy firm DeArment Consulting, in a recent white paper. That storm isn’t [...]
A recent NBC News investigation looked into the costly world of “permanent” hospital patients: when hospitals are forced to keep patients for months—even years—because the patients have nowhere else to go. All of this happens at enormous costs to hospitals, costs that usually can’t be recouped because the patients have no way of paying for [...]
A recent Ziegler survey of senior living providers shows a variety of smoking policies ranging from somewhat to very restrictive. In no communities of those surveyed can a resident smoke anywhere on campus, while in 34%, residents can’t smoke anywhere on campus. Nearly 10% of communities say they deny admission to smokers. Nearly one-third (31%) [...]
Brookdale Senior Living is repositioning many of its units to meet current demand metrics, and it’s trending toward higher acuity, according to the senior living operator’s first quarter earnings call. “The product that is coming into the investment profile tends to be a higher acuity product. There’s a fair concentration there of adding assisted living where [...]
Where are seniors going after they retire? It’s one question research organization Esri set out to answer in a recent study of America’s changing demographics. In its exploration of real estate and housing preferences for the 55-plus population, and with the help of U.S. Census data, Esri narrowed down the five counties with the highest [...]
One of the most common and longstanding—but also preventable—practices causing serious harm to nursing home residents is overusing antipsychotic drugs, according to testimony during a Senate Aging Committee hearing last week, reports Forbes. It’s common for these drugs to be used “off-label”—meaning, not as they were intended to be used—and this can both harm patients [...]
This roundup links to several tech-related articles, as multiple news outlets are reporting on the latest technological developments and advances, including how Health Care Reform could impact electronic health record implementation, how consumer community sites are 24 times more likely to adopt social media tools than health organizations, and the battle between the FDA and [...]
Healthcare real estate investment trust National Health Investors, Inc. (NYSE:NHI) announced on Tuesday it has exercised an option to purchase and lease a new, stabilized skilled nursing facility located in Texas for a purchase price of $13.4 million. The facility opened at the end of 2010 with 125 beds and is operated by affiliates of [...]
