The three largest for-profit senior living providers — Brookdale Senior Living, LCS and Holiday Retirement — remained unchanged from 2020 in the 2021 Argentum & Lument Largest Providers Report, which includes 150 companies. Argentum released the new list on Wednesday.
The senior living industry has an “unprecedented opportunity” to fight for the needs of assisted living, independent living and senior housing overall as infrastructure discussions advance on Capitol Hill, according to Argentum.
Continued unemployment compensation, wage pressures, decreased occupancy and increased costs continue to create challenges for many senior living providers, according to speakers at an Argentum congressional briefing Tuesday.
Recruiting and retaining qualified healthcare workers continues to be the No. 1 issue facing long-term care operators as the economy begins to recover from the pandemic.
Although a bipartisan infrastructure deal reached Thursday did not include much-sought-after funding for home- and community-based services and affordable housing, the senior living industry is hailing another piece of legislation that invests in older adults.
A virtual town hall on Tuesday focused on answering questions, alleviating concerns and persuading unvaccinated senior living and other long-term care staff members, residents and families to get a COVID-19 vaccine to help meet a self-imposed goal of a 75% vaccination rate for workers in the industry by July 4.
President Biden’s immigration reform policies, as well as immigration reform legislation being considered by Congress, offer potential solutions for ongoing workforce shortages affecting senior living, which were exacerbated by the coronavirus pandemic, according to LeadingAge.
Senior living providers have a little more time to spend down federal Provider Relief Funds, along with eased reporting requirements, thanks to an extension from the U.S. Department of Health and Human Services.
Assisted living communities and other healthcare settings will be required to conduct hazard assessments and have written plans to mitigate the spread of the coronavirus under new workplace safety rules issued by the federal government on Thursday.
The Joint Commission has launched a new assisted living community accreditation program to bring “national, consensus-based standards” to the industry.
