CCRCs / Life Plan Communities
The outlook for the not-for-profit continuing care retirement community sector remains stable for 2019, Fitch Ratings says.
Occupancy in various levels of care or service within continuing care retirement communities generally has been higher than occupancy in freestanding, non-CCRC communities offering those same levels of care or service, according to an analysis by the National Investment Center for Seniors Housing & Care.
Life plan community residents tend to experience greater levels of wellness than community-dwelling adults in five of six dimensions, according to preliminary first-year results of a study of more than 5,000 residents of 80 such communities in 29 states.
Summit Vista, Utah’s first life plan community, welcomed residents this week.
Have operators bent on change become a bit tone deaf about what really matters?
Operations and profitability remain stable for U.S. continuing care retirement communities, according to a newly released report from Fitch Ratings. Ratings pressure could be on the way, however.
Continuing care retirement communities will have have less time to return refundable portions of entrance fees to residents or their estates after move-out under a new law signed Friday by New Jersey Gov. Phil Murphy.
Independent lining administrators in CCRCs saw an average pay increase of 1.43% in 2018, according to the “Continuing Care Retirement Community Salary & Benefits Report 2018-2019” issued by the Hospital & Healthcare Compensation Service.
Continuing care retirement communities are expected to hold much appeal to baby boomers, and the good news is, the first wave of boomers will be entering the target age range for such communities within the next five years, notes a new report.
Memory care unit managers in continuing care retirement communities, also known as life plan communities, saw an average pay increase of 2.75% in 2018, according to the “Continuing Care Retirement Community Salary & Benefits Report 2018-2019” issued by the Hospital & Healthcare Compensation Service.
Pay for directors of assisted living/personal care who work in continuing care retirement communities averaged $73,938 in 2018, according to the “Continuing Care Retirement Community Salary & Benefits Report 2018-2019” issued by the Hospital & Healthcare Compensation Service.
Continuing Care at Home programs, formerly called “CCRCs without walls,” are growing in popularity as offerings by senior living and care providers, with more than 30 programs now available across 17 states, according to specialty bank Ziegler.
Some senior living operators risk being overwhelmed by the pace of change in the industry, meaning that there is “tremendous potential for disruption,” according to the authors of a new white paper from CliftonLarsonAllen.
Life plan communities have become more likely to be part of larger systems and slightly less likely to be sponsored by a not-for-profit organization over the past several years, according to specialty investment bank Ziegler.
Research shows that social connectedness improves physical health, mental and emotional well-being and even longevity, thereby enabling individuals and communities, including life plan communities, to thrive.
When you understand the evolution of generally accepted accounting principles to identify and record all potential liabilities, you should feel more confident in your contract and fee decisions.
More than one-third of all continuing care retirement community unit construction was taking place in five markets as of the fourth quarter of 2017, according to Lana Peck, senior principal of the National Investment Center for Seniors Housing & Care.
Continuing care retirement communities will be the only segment of senior living and long-term care to see increased occupancy in 2018, according to commercial real estate investment sales, financing, research and advisory services firm Marcus & Millichap.
Weaker performance in skilled nursing operations at Five Star Senior Living CCRCs “heavily influenced” a decline in rent coverage in a Senior Housing Properties Trust portfolio, said the REIT’s president and CEO, David Hegarty. Five Star is addressing the challenges in two ways, he added.
Enrollment shifts from private health insurance to Medicare as baby boomers continue to age into the program will help drive average annual growth of 5.5% in national health spending and enrollment from 2017 to 2026, according to new estimates released Wednesday by the Centers for Medicare & Medicaid Services. Projections include spending related to nursing care facilities and continuing care retirement communities.