The average price per unit in assisted living increased by 14% to set a record of $221,250 per unit in 2017, according to new data. Separately, the National Investment Center for Seniors Housing & Care said its Actual Rates Initiative aims to move the seniors housing industry toward a level of price transparency comparable to that of other real estate property types.
Employers who inadvertently violated the overtime and minimum wage provisions of the Fair Labor Standards Act can avoid penalties through a new pilot program, the Wage and Hour Division of the U.S. Department of Labor said Tuesday in announcing the program.
For the third consecutive year, in 2017, IRS impersonation scams were the top type of scams reported to the Senate Special Committee on Aging’s fraud hotline, according to the committee, which released its 2018 “Fraud Book” and held a hearing on the topic on Wednesday.
The Justice Department announced Tuesday that it has sued a Wisconsin county that operates a senior living community, alleging that the community discriminated against an employee by not granting her a religious exemption to its flu vaccination requirement.
Nonfatal falls in assisted living and other residential facilities and home health settings are responsible for the highest dollar amount of healthcare spending for such falls compared with other settings, according to a new analysis.
An operator of three assisted living homes in California has paid $194,275 in back wages to 13 caregivers and cooks to resolve Fair Labor Standards Act violations, according to the U.S. Department of Labor.
A new assisted living and memory care quality database by Formation Healthcare Group and Vision LTC has completed beta testing and has been launched publicly to a limited number of organizations, the companies have announced. Attendees of this week’s NIC Spring Investment Forum will have the opportunity to view it firsthand.
The United States needs a new paradigm for caring for older generations, including a new approach to senior living.
Benchmark Senior Living will harness data, artificial intelligence and predictive analytics in an effort to tackle the senior living industry’s biggest challenge, worker recruiting and retention, the company announced Thursday.
Senior housing is attracting more interest this year than last as investors seek higher yields and protection against real estate downturns, according to new report from commercial real estate services and investment firm CBRE.
