Why the Bad Economy Might Be Good for Assisted Living Business

An article from AssistedLivingFacilities.org suggests that the slowly recovering economy has helped fuel growth in assisted living.

Per the piece, a report from earlier this year showed a decrease in profits and an increase in the number of closings ...

 
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Will Discounts Get Seniors Through the Doors?

As the national average for senior living occupancy hovers around 88 percent, providers are seeking creative options for bumping up rates, says an article from the Assisted Living Federation of America.

According to the piece, offering discounts to prospective residents is ...

 
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Seniors Economically Insecure, Says New Report

On the heels of continuous debates about the debt ceiling and entitlement reform (with Medicare and Social Security high on that hit list), and as we continue to trudge through a period of economic recovery after the housing market crash ...

 
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Cities See Rise in Senior Housing Occupancy Rates

Metropolitan markets across the country saw a marked increase in occupancy rates for independent senior housing communities during the first quarter of 2011, according to new data from the National Investment Center for the Senior Housing & Care Industry. As reported ...

 
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HUD Addresses Backlog in Applications for Senior Housing Program

A recent article in Senior Housing News gave an update on The Department of Housing and Urban Development’s (HUD) plans to address a backlog of Section 232 applications by hiring more employees via a contract firm.

Section 232 is a program ...

 
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Revisiting the Top Ten 2011 Senior Housing Trends

Released in January by SeniorHousingNews.com, the top 10 senior housing trends for 2011 included the following: campus extensions and the addition of on-site home health care services; a focus on/return to “keeping it local”; changes in architecture & design (small ...

 
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Assisted Living & Skilled Nursing Costs Up, Home Care Costs Flat

Assisted living and skilled nursing care have seen healthy increases thus far in 2011, while home care costs held steady, as per the results of a national survey conducted by Genworth Financial.

As reported by McKnight’s Long-Term Care News & Assisted Living, the study was comprised of data from 15,500 U.S. providers.  Today’s going rate for a semi-private nursing home room is $193 (up 5.7% since last year); the cost of ...

 
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2011 Long-Term Care (LTC) Cost Study Indicates Expected Increase

The results are in from the 2011 cost of care study, compliments of Boston’s John Hancock Financial.

Though long-term care (LTC) costs continue to rise, other goods and services (like food and gasoline) have surpassed LTC in terms of inflation rates.

LifePlans Inc., a company based in Waltham, Massachusetts, surveyed over 11,000 providers nationwide (nursing homes, assisted living facilities, and home health agencies) and found that the 2011 average cost per month ...

 
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