The effects of healthcare reform will become increasingly apparent in 2012, and senior care providers may find themselves—and their marketing strategies—particularly impacted by Accountable Care Organizations (ACOs) as they line up to partner with hospitals and other healthcare providers. ACOs are groups of doctors, hospitals, and other healthcare providers that work together to give coordinated [...]
With skilled nursing in the dumps as a result of the 11.1% cuts to Medicare payments, most of the talk has turned to assisted living as the next area for growth for investors. During the National Investment Center for the Seniors Housing & Care Industry (NIC) conference in Washington, D.C., much of the “next big thing” [...]
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 [...]
The seniors housing sector continues to see recovery, with positive rent growth trends and a slightly higher occupancy in fourth quarter of 2011, although construction activity continued to decline, according to NIC MAP, a data analysis service of the National Investment Center for the Seniors Housing & Care Industry (NIC). The average occupancy rate for [...]
Assisted living laws in Florida could go from one side of the spectrum to the other in the wake of the Miami Herald’s series on elder abuse that occurred in many state facilities, with little or no ramifications. Now, Florida lawmakers are looking to shift the state’s caretaker oversight from negligent to possibly the toughest [...]
There are always new developments in senior care technology, from better ways to keep track of health, to new blogs talking about healthcare information technology, to innovative devices that make hearing aids more affordable. Check out the following websites and products for ways to keep up with the latest tech trends and developments. 1. Careverge: [...]
When it comes to family obligations and financial decisions considered across three different generations, an overwhelming majority of the Baby Boomer cohort believe in being self-reliant in retirement, according to a MetLife survey, “Multi-Generational Views on Family Financial Obligations.” All three generations, including Gen Xers and Gen Yers, believe they have responsibility and obligation to: [...]
Healthcare Transactions Group, Inc., based in Baltimore, Md., announced that it closed the sale of an Illinois long-term care facility portfolio on Dec. 30, 2011. The portfolio includes eight skilled nursing facilities and one assisted living facility, located mainly in the greater Chicagoland area and in Central Illinois, for a total of 1,540 beds. The [...]
When various types of buildings end up vacant and in disuse, sometimes the next logical step is to repurpose them for senior housing, especially as the nation’s senior demographic grows at a rapid pace. Old hospitals, hotels, and schools are probably the three most common types of buildings that can be converted into an assisted [...]
How much will an average assisted living cost? The answers vary widely depending on region, but the latest data from Northwestern Mutual indicates that assisted living residents face a single room average of $3,372.41 per month. For nursing home patients, the average is $246 per day. The costs are mounting at a time when Americans are [...]
Equity LifeStyle Properties, Inc. (NYSE:ELS) reported a net loss of $0.2 million, translating to $0.00 per share, available to common stockholders on a fully-diluted basis for the fourth quarter ended Dec. 31, 2011, as the company continues to encounter costs associated with an acquisition made in May 2011. Overall net income for the year was [...]
The United States needs to create a “new, affordable safety net” of Social Security and Medicare so that future Americans can continue to be protected along with current generations, Governor Mitch Daniels (R-Ind.) said in his rebuttal to President Obama’s State of the Union address on Tuesday night. After the president’s speech, Daniels fired back [...]
