Does the government’s increased emphasis on home health pose a threat to the seniors housing industry? Plan benefits all care models By Paul A. Gordon Partner Hanson Bridgett LLP The Biden plan to provide funding for home- and community-based care is not a threat to the senior living industry, and may present an opportunity for growth. Most senior living providers are private pay and do not serve the Medicaid population to which the Biden plan funds are directed, so they are unlikely to lose customers to better-funded home care providers. …
By Pete Angus, United Group of Companies If you build it, they will come… You were thinking “Field of Dreams,” the classic baseball film where ghosts of the legends of baseball yesteryear come to play on Ray Kinsella’s field, right? Well in this case we’re actually referring to active adult communities of the early aughts, when the marketing approach was literally to build and wait for them to fill. For example, in 1999 my company opened the Beltrone Living Center, a 250-unit active adult community in Albany, N.Y. These were …
By Adrian Adriano, Xfinity Communities Over the past year, COVID-19 restrictions and social distancing requirements have accelerated the adoption of smart technologies by seniors looking to remain connected with their loved ones. In fact, according to data from a recent AARP survey, adults over 50 are adopting smartphones, wearables, home assistants and smart home technology at close to the same rate as adults who are 18 to 49 years old. Now that it’s over a year since the start of pandemic and the learning curve is behind them, will this group continue …
By Mark Lawrence, Oakmont Assisted Living Residents of assisted living facilities across the nation are getting vaccinated in large numbers. Nearly 4.9 million residents and staff in long-term care have received at least one shot. With the vaccination rate increasing every day, residents are looking forward to participating in live events and going on field trips again. However, we can’t just restart old activities as if everything is back to normal. It is important that assisted living facilities prepare for events with safety in mind. Here are a few things …
By Fahad Aziz, Chief Technology Officer, Caremerge “Incidents” in assisted living and memory care communities aren’t always one-off falls. They can be key indicators of a developing health pattern or wider community risk. Late-night wandering could be an early sign of dementia; an upset stomach could be a symptom of food poisoning; a stumble in the bathroom could mean rooms need better accessibility design. That’s why reporting incidents promptly and thoroughly is essential for more effective and personalized care for older adults — not to mention it’s required by law. …
Residents require spaces that are well finished, but take unique needs into consideration. By Melissa Banko There are plenty of misconceptions around interior design and even more so in the world of senior living design. As someone with 15 years of experience in this industry, I’m here to dispel some of the more pervasive myths I hear and drop a few tips along the way. Senior Living is Just Multifamily for Old People Let’s clear the air from the get-go. Multifamily, hospitality, and senior living design are three completely different …
Making a partner of your municipality can smooth over many challenges. By Chad Suitonu The hardest thing about senior living development is finding the right land. Many of the good spots are already taken and competition is fierce for the remaining. But when you have found the sweet spot — that site that has the right demographic demand, limited competition, barriers to entry and a feasible price — you’ll likely still have some obstacles to overcome with the city to get your project built. Not only must you ensure that …
From hotels to dining services to chief executive, industry veteran now takes over the reins of a mid-sized, regional operator. By Jeff Shaw Earl Parker knows what it means to grow. In his tenure with three seniors housing operators, he’s seen it firsthand. At Kisco Senior Living, his introduction into the sector in 1995, the company expanded from two to 24 buildings while he served as regional vice president of operations. At Bell Senior Living, the company grew from eight to 22 properties in just two years during his tenure …
Although the pandemic tested the systems, many lenders actually provided more capital in 2020 than in previous years. Roundtable Participants: Mike Taylor, Senior Vice President, Head of Healthcare & Capital Markets, First Midwest Bank Sarah Duggan, Senior Director, Seniors Housing & Healthcare Lending, Synovus Lawrence Brin, Managing Director, Head of Healthcare Real Estate, MidCap Financial Services Eric Smith, CEO, Managing Partner, Locust Point Capital Ashish Shah, Managing Director, MONTICELLOAM LLC By Jeff Shaw While COVID-19 has caused a wide variety of struggles for the seniors housing industry, capital has …
What hurdles does the industry still have to clear before we see occupancy and revenue rebound? Show our resiliency By Valerie Whitman Vice President of Senior Living LeadingResponse We are a resilient industry. We need to always be sure we show that to the world. As we saw in the last year, our industry was constantly being portrayed as a place where COVID thrived. This information shook consumer confidence and further created misperceptions of truly how safe our communities are. Our hurdle and opportunity is to be transparent and …