Industry Voices

Industry VoicesLegal Issues

It’s Time to Reevaluate Your Existing Property Insurance Coverage

by Jeff Shaw

By Chip Stuart, Chief Sales Officer, Hub International The new wave of challenges facing the global economy in 2022 such as inflation, continued supply chain delays, and labor shortages has caused property values to rise, along with the cost of construction. In commercial real estate, the impact of these disruptions is mostly felt in new construction, leaving owners of existing assets likely to benefit from shifting demand. Coupled with rising occupancy, seniors housing property owners could see historically high revenue growth in 2022. On the other side of the coin, …

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Industry VoicesOperations

Senior Care Needs a Business Model Overhaul

by Jeff Shaw

The need for change goes far beyond wages and staffing ratios. By Nate Hamme, Ceca Foundation In his State of the Union address on March 1, President Joe Biden announced new reforms intended to improve resident safety in nursing homes. Skilled nursing facilities (SNFs) would see changes to reimbursements from the Centers for Medicare & Medicaid Services (CMS) under the value-based purchasing model, requiring minimum staffing ratios and additional oversight of providers. The move comes as the industry faces unprecedented challenges in retaining and supporting workers. The pandemic has undoubtedly …

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Industry Voices

How Senior Living Facilities Can Be More Inclusive

by Jeff Shaw

Developing LGBTQ-affirming housing, implementing protections and advocating at the federal level can help serve this growing demographic. By Michael Adams, SAGE Due to lifetimes of discrimination, LGBTQ+ elders face unique challenges that have only begun to be addressed by communities across the country. They’re confronted with significant negative disparities across areas related to physical and mental health, and are more likely to face poverty, be homeless, and grow old alone and isolated.  As LGBTQ+ elders continue to face disproportionate rates of mistreatment, one of the most significant concerns for this …

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FeaturesIndustry Voices

The SHB Interview: Dr. Bill Thomas, Innovation Officer, Lifespark

by Jeff Shaw

Thought leader tries to move care of our seniors forward through various foundations and workplaces. By Jeff Shaw If you’re not familiar with Dr. Bill Thomas, you simply must not be paying attention. Whether it’s his TED Talks, movies, charitable foundations or his work with companies such as AARP (formerly known as the American Association of Retired Persons) and Holiday Retirement, Thomas has made quite a name for himself in the seniors housing industry. Thomas currently serves as innovation officer at Lifespark, a Minneapolis-based “whole person senior services company.” He …

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FinanceIndustry Voices

Lender Q&A: All About the Operator

by Jeff Shaw

As lenders look for safe, secure deals in a turbulent environment, strong partnerships are a larger consideration than geography, age or care type. By Jeff Shaw In times of trouble, we look to the people we trust. That’s certainly the approach of many lenders in the seniors housing space. As the recovery from COVID-19 continues, and occupancy rates remain well below pre-pandemic levels, financing has become dangerous terrain. So when looking for who should get favorable rates and terms, lenders are looking to the operators and markets they know can …

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Industry Voices

Question of the Month: Consumer Preferences

by Jeff Shaw

Compare and contrast consumer preferences today versus 10 years ago. What’s changed? Opportunities for innovation By Mitch Brown Principal Senior Housing Consulting For well over a decade, our industry has wrestled with the relevance of independent living within the seniors housing continuum. Leading-edge baby boomers who are just now entering the market are clearly looking for something different than traditional congregate living. They want choice, value, engagement and the ability to live a healthy, connected and relevant “Third Age.”  They are also concerned about the longevity of their financial resources …

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Industry VoicesLegal Issues

New Jersey Tightens Workplace Vaccine Requirements for Healthcare, High-Risk Congregate Settings

by Jeff Shaw

By Heather Boshak, partner, Fox Rothschild LLP In January 2022, New Jersey announced new, stricter COVID-19 regulations that will require employees in healthcare facilities to be vaccinated and boosted and will effectively eliminate the testing option. Also covered under the new rules are workers in a range of congregate settings, such as prisons and group homes. As the number of new coronavirus cases and hospitalizations declined, we have seen states, cities and private employers easing vaccination and coronavirus mitigation requirements. The exceptions to that trend are the healthcare field, including …

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Industry Voices

The Key to Survival is Cooperation

by Jeff Shaw

With increased costs at all levels, the seniors housing industry must work as a whole to maintain affordability for residents. By David Tague The COVID pandemic has changed life for all of us in some very unique and impactful ways. For the senior living market, the pandemic has materially impacted construction from both a price and design standpoint. This forces designers, developers, owners, operators and contractors to work in lock-step to continually innovate and find new solutions to bring quality and affordable product online for seniors across the United States. …

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Industry Voices

Emerging Trends That Will Shape the Industry

by Jeff Shaw

Seniors housing is always evolving, but which changes are here to stay? By Ashley Wilkens As the world grapples with the ongoing COVID-19 pandemic, and the United States continues to outnumber every other country around the globe in COVID-related deaths, seniors housing owners and operators are working diligently to get ahead of the disruptions and challenges that have plagued the industry over the past two years. While no one has a crystal ball for what 2022 will hold for the seniors housing industry or the ongoing pandemic, there are some …

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Industry VoicesLegal Issues

The SHB Interview: Mark Parkinson, President and CEO, AHCA/NCAL

by Jeff Shaw

Former Kansas governor transitioned 11 years ago from politician to leading one of the largest healthcare associations in the industry, and he’s never looked back. By Jeff Shaw Mark Parkinson’s wide-ranging career in both the private and public sectors, including a stint as an owner and operator of long-term care facilities in Kansas and Missouri, makes him uniquely qualified for his current role. After earning a law degree and starting his own firm, Parkinson entered politics in his home state of Kansas, serving in the State House from 1991 to …

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