ATLANTA — As the seniors housing sector continues its long, slow recovery from the COVID-19 pandemic, it can help to look at what the fastest operators to recover are doing right now. That said, as occupancy stays well below historical averages and expenses stay high, especially for labor, there is no quick-fix solution. “These changes don’t take place overnight,” said Jennifer Dixon, CEO of JD Solutions Group. “It takes planning and preparation to see the fruits of that labor.” Dixon made her comments during a panel she moderated at France …
Technology
RALEIGH, N.C. — NIC MAP Vision, a Raleigh-based seniors housing data and analytics company, has launched a new listings service for brokers of seniors housing real estate. The service, labeled as “Real Estate” within NIC MAP Vision’s client platform, is the first online and free source of listings for high-quality seniors housing real estate. This service further expands the reach of the seniors housing investment sales community, facilitating access to the thousands of monthly active users on NIC MAP’s portal and offering more than $400 million in deal volume available. …
By Jason Erdahl, principal, director of senior communities, Ankrom Moisan Nursing and residential care facilities lost more than 145,000 workers over the last two years, according to the National Center for Assisted Living. Between staff shortages and increased budgetary concerns for staffing in the senior care market, a solution is necessary to support the growing aging population. While staff members are still very much needed to assist those residing in these facilities, architects and designers can answer the call for help by creating spaces that aid residents in doing daily tasks on …
Your Caregiver Team Includes the Building Itself
While seniors housing operators grapple with occupancy issues, labor challenges and margin squeeze, the building’s role within the industry is sometimes overlooked. But innovative building design and new technologies can help improve staff efficiency, optimize resident care and increase revenue. “The senior living industry is evolving,” says Gaurie Rodman, vice president of real estate strategy and development at Direct Supply, a provider of equipment and services to the senior living and healthcare industries. “Buildings are taking on a role beyond shelter.” New building designs are being created through an efficiency …
NASHVILLE, Tenn. — Uniguest, a Nashville-based digital engagement company, has acquired Eversound, a technology and content provider specializing in creating engagement for senior living communities. Founded in 2015 out of Cornell University’s eLab business accelerator, Boston-based Eversound now helps tens of thousands of older adults in over 1,000 communities live more socially connected lives. Eversound technology is known to reduce social isolation, slow cognitive decline and break down barriers common in a senior living environment. Eversound’s membership program provides advanced wireless headphones to increase accessibility for residents of varying levels …
LOUISVILLE, Ky. — Enquire, Glennis Solutions and Sherpa CRM, senior living software providers based in Louisville, have renamed the combined company as Aline, officially unifying the merger announced in October 2022 under a single brand. Aline now represents more than 5,700 senior living communities in the United States, Canada and United Kingdom. The company also launched www.alineops.com, a new website that will consolidate its web properties by fall of this year.
While overall private-pay seniors housing occupancy has now increased for seven straight quarters, according to the National Investment Center for Seniors Housing & Care (NIC), many operators are starting to see that growth slow to a crawl — still well short of pre-pandemic norms. According to Kelley Skarp of Arbor Company, this is due to a variety of factors, but most notably the general economic challenges of high interest rates and inflation. “In the current economic environment, people are looking at their wallets a little more closely,” said Skarp. “While …
Webinar: Seniors Housing & CRM: Can You Predict the Future?
The April 19 webinar “Seniors Housing & CRM: Can You Predict the Future?” is all about data — how best to use it to drive strategy and decisions, especially in the near future. Join sponsor WelcomeHome Software and a panel of seniors housing industry experts as they discuss customer relationship management (CRM) technology and analyze the WelcomeHome Year In Review: 2022 report. This hour-long webinar highlights the report’s findings and the best strategies in terms of occupancy, referrals and metrics to track within communities. Timestamps of major topics covered: (3:24) Report summary Occupancy since …
By Philippe Saad, Principal, DiMella Shaffer Mention senior living to people and the images evoked are often less than exciting, especially for those who value both an independent and connected life. The pictures that come to many minds are often ones of isolated living with marginal interactions beyond other residents and occasional family visits. Even in a multi-generational household with parents living with their children and possibly grandchildren, the loss of independence can lead to feelings of isolation and depression, even with the energy of three-generational living. It may sound …
Five Tips on How to Leverage Data and Analytics
State-of-the-art software tools can improve operational efficiency, enhance resident outcomes and boost the bottom line. What can you utilize that has a positive impact on both residents and business results? Data and analytics. With real-time information on performance, senior care executives and clinicians can identify and overcome roadblocks to success. New improvements in the use of data and analytics are helping to guide decision-making. Data mining can boost staff efficiency and profitability. At the same time, data entry is becoming faster and easier. Software tools with the latest graphics make …