Companies and cities/states regularly jockey for federal Medicaid money. They will often twist themselves into pretzels to grab as much “free” money as possible. The Medicaid formula, where the federal government matches or exceeds the monetary amount allocated by the state, encourages musical chairs. That is, state and city governments work hard to acquire Medicaid … Continue reading
Last week the New York State Legislature passed a bill that would allow assisted living homes to keep residents who previously qualified for nursing homes. Buffalo’s Business Journal thinks this is good news. Is it really? The bill says residents can age in place in their current communities. It would allow assisted living homes to … Continue reading
A group of investors hopes to build a lavish 120 unit assisted living home in Ocoee, FL . They plan to request funding from the Ocoee City Commission on June 18th in the form of tax-exempt bonds. Up to $35 million. Why is this newsworthy? Two of the principals have direct connections to the professional … Continue reading
A psychology professor’s research reports that 60% of seniors play video games at least occasionally. The N.C. State University teacher’s findings about the wide use of video games among seniors will likely lead more assisted living communities to include them in their offerings. The seniors recruited for the study came from senior centers, senior living centers and religious centers. … 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
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
Attempting to calculate the cost of dementia care is a tricky task. Generalities which do not require research – “it’s expensive,” “costs are going to rise,” “it’s a growing business,” etc. will not contribute any hard data. The New England Journal of Medicine published the “Monetary Costs of Dementia” last week. The background for this … Continue reading
