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
Most people do not fill out surveys or reviews after making a purchase. Even the simplest questionnaires are time-consuming and tedious, bombarding consumers at every turn. However, reviews are hugely important for dictating whether a customer will buy a product and in the case of an assisted living community – whether they’ll call or email … Continue reading
Edgewood REIT, based in North Dakota, finds building its own senior living properties more prudent than buying existing ones. Edgewood REIT leases most of its properties to the Edgewood Group who also own a development and construction company. The company manages 43 independent, assisted and memory care communities in several Great Plain and Rocky Mountain States. The … Continue reading
Newsday is reporting that the new owners of three Long Island, NY assisted living communities have dropped their request to extend the tax abatement agreement they had already secured upon closing last month. The Nassau County Industrial Development Agency (IDA) had extended the agency’s PILOT (payment in lieu of taxes) program to developer Engel Burman before … Continue reading
Friday’s post was in response to the Emeritus trial currently underway in Sacramento, CA. The ASHA issued a brief on pre-arbitration agreements in 2009 that provided useful data and suggestions for operators of assisted living communities. The rational for using pre-arbitration agreements in senior housing contracts were: Arbitration is cheaper than litigation. The arbitration process … Continue reading
Closing arguments in a wrongful death suit brought by the family of a former resident against Emeritus Corporation began yesterday in California, the Sacramento Bee reports. The trial will take place in two parts: in the first part the jury will decide on the role Emeritus played in the woman’s death, the second part will decide … Continue reading
Vintage Park, which operates 18 assisted living communities in Kansas, will no longer accept new Medicaid patients at 15 of them, the Kansas Health Institute (KHI) reports. The three Vintage Park communities that will continue to accept patients on Medicaid are the sole providers of assisted living services in their towns. Medicaid payments for claims … Continue reading
All skilled nursing homes are subject to state and federal inspections. State licensing requires inspections (every nine to fifteen months on average) while participation in the federal Medicare/Medicaid program requires a home be made available for surveys. State licensing standards generally follow Federal certification standards making the regulation of skilled nursing homes largely uniform between states. … Continue reading
Managing a skilled nursing home requires a continued, concentrated focus on practice, procedure and administration. State inspectors will, on average, inspect a facility every nine to fifteen months and their presence often causes panic in the staff. Advance notice of a survey will make preparing for one easier. The best way to handle a surprise … Continue reading
Most residents of assisted living communities pay for their housing out-of-pocket. Medicare, the national insurance program, is available to all U.S. citizens when they turn 65. Medicare does not cover room and board or activities of daily living (medication management, help w eating, dressing, etc.). However, Part B of the plan will pay for services (therapies … Continue reading
