Despite a need for the product, issues of consumer affordability and insurer profitability threaten model’s viability, leading to hybrid solutions.
Operations
Revenue Management Will Help Seniors Housing Become ‘Smarter Industry,’ Says Holiday’s Hsiao
by Jeff Shaw
By Matt Valley Seniors housing operators need to take a page from the playbook of the airline and hotel industries and implement revenue management systems to adjust rates weekly based on supply and demand, says Kai Hsiao, president and CEO of Holiday Retirement. The Lake Oswego, Ore.-based company is the largest operator of independent living properties in the country with over 300 properties and more than 35,000 apartment units in 43 states.
PHOENIXVILLE, Pa. — Main Line Health (MLH) has joined with Brandywine Senior Living at Upper Providence to bring medical care, rehabilitation therapy, and wellness services to residents of the new assisted living community located at 1133 Black Rock Road in Phoenixville.