In a mid-December post, SeniorHousingNews.com reviewed senior living industry highlights from 2011 and insights about what to expect in 2012. Some anticipate that healthcare reform will be a driving force behind future changes; others surmise that adjustments to Medicare and Medicaid funding, shifting demographics (evident in the increasing popularity of “active adult communities”) and rising acuity levels will also feed trends.
From the end of 2010 and throughout this fiscal year, the face of the market continued to alter dramatically thanks to REITs (real estate investment trusts), with several multi-billion dollar acquisitions closing in the second quarter.
The weakened economy is partly to blame for changes in the way consumers view and use assisted living and other residential communities, as many in assisted living have chosen to bring in home care or other ancillary services through a third party provider rather than paying a higher monthly rate to the community.
Assisted living in Florida has been in the spotlight over the past year, as severe cases of abuse and neglect (some even leading to death) catapulted the state into a heated regulatory battle between senior living providers, government officials, and other stakeholders. Per the post, the debate about whether assisted living should fall “in the continuum of the medical field” will be a hot topic in 2012.
Your turn: What positive changes do you hope to see in the senior living industry in 2012?