Managing a nursing home is tough. Managing a nursing home while turning a profit is even tougher. So, when a nursing home does close, it’s hardly a surprise. Nursing homes must adhere to strict state laws that dictate staffing levels. Most nursing homes accept Medicaid which has been reducing payments to nursing homes since 2011. … Continue reading
This video is well done and includes the latest suggestions for reducing prescription drug use in dementia patients. As an owner of a nursing center, the presenter is not neutral obviously.
America’s Health Insurance Plans (AHIP) published a study two years ago, tracking long-term care insurance (LTC) buyers between 1990 and 2010. They also compared buyers with the general population. Although most assisted living communities and home care agencies mention LTC insurance as a means to pay for their services, few people buy it. For those interested in … Continue reading
How do seniors vote when it comes to the local school budget? How should they vote? There are several factors that intersect when considering seniors and school bond issues: Declining birth rates An increasing senior population More seniors aging in place Declining revenue for public schools Shaky consumer confidence School budgets more often pass than … Continue reading
Does fee-for-service pricing alienate residents of assisted living? It would seem to be a foolish question, as the a la carte pricing model is the norm for assisted living communities. It is often the reason younger retirees opt for assisted living homes rather than CCRC’s. However, there are numerous published articles implying that fee-for-service communities … Continue reading
Tennessee Supreme Court rules against Assisted Living Company Tennessee’s Supreme Court reversed a decision by the Appeals Court and found Americare Systems, Inc. liable for the staffing shortage that led to a resident’s death. The case first went to trial in April 2010. The plaintiff’s were the daughters of a woman (Ms. Farrar) who died … Continue reading
A sales method that spends more time “selling” is more successful at moving younger seniors into independent and assisted living communities than the traditional method. At least according to an article published last year in the Senior Housing and Care Journal.* The study compared the traditional sales method used by most teams in the senior … Continue reading
A potential guest worker program that would allow low-skilled immigrants to enter the U.S. legally and accept low-paying jobs w standard wages is gaining publicity. Eight members of the U.S. Senate are working on a visa program that would allow up to 200,000 low-skilled immigrants to enter the U.S. legally. The newly arrived immigrants would … Continue reading
Developers of assisted living communities face a significant hurdle whenever the local planning commission challenges their projects. The planning board is a political entity; its members are either elected or appointed and as such they often respond to public pressure. If a proposed project attracts vocal opponents, developers will need to make alliances that will counter bad … Continue reading
The Certified Commercial Investment Member (CCIM) published an article in its magazine (CIRE) in 1995 about the future of assisted living. Since then, assisted living has become mainstream, in fact most of today’s largest providers were either still privately held or non-existent in 1995. Although the article is almost 20 years old, it is still … Continue reading
