Fitch predicts ‘mostly’ stability for life plan communities for rest of 2019
Fitch Ratings “mostly envisions continued operating stability” for life plan communities as a sector through the rest of the year, according to a newly released report.
Continuing Care Retirement Community
Continuing Care Hall of Fame to induct 4 next month
More than 150 years of service to the senior living industry will be recognized when four new members are inducted into the Continuing Care Hall of Fame next month, according to event organizers.
Opportunities await beyond near-term challenges
Recent news is enough to cause any operator, developer or investor to reach for the aspirin. A look at data from the National Investment Center for Seniors Housing & Care, as well as discussions with experts from NIC and elsewhere, however, give hope.
How to mitigate risk when a resident needs a higher level of care
When a medical assessment determines that a resident needs a higher level of care, the liability risks to a senior living community increase until the resident is relocated. But what if a resident doesn’t agree that a move is necessary?
Survey suggests challenges with life plan community name, despite industry support
Almost four years after LeadingAge and Mather LifeWays introduced “life plan community” as an alternative name for “continuing care retirement community,” more education may be needed for prospective residents and their adult children to understand and appreciate the terminology, according to Zion & Zion.
Dementia managers in CCRCs see healthy salary bump, according to new HCS report
Dementia managers in continuing care retirement communities saw relatively healthy average salary increases of 4.19%, with pay rising from $57,553 in 2018 to $59,964 in 2019, not including bonuses, according to the “Continuing Care Retirement Community Salary & Benefits Report 201-2020,” released Thursday. The national study is published by Hospital & Healthcare Compensation Service in…
Expanding existing campus most popular route to CCRC growth: survey
Expanding an existing campus is the most common way that continuing care retirement communities plan to grow for now, according to a new survey.
CCRC consolidation is a ‘clear trend’
Consolidation is “one of the clear trends” among continuing care retirement communities, according to specialty bank Ziegler.
Life plan communities positively affect resident wellness, study finds
Residents of life plan communities scored higher on positive measures of several types of wellness than did older adults living in the community at large — and lower in one area — in newly released one-year data from the Mather LifeWays Institute on Aging’s Age Well Study.
Assisted living gets a break on EPA hazardous waste pharmaceutical rule
Assisted living communities can breathe a sigh of relief now that Environmental Protection Agency Acting Administrator Andrew Wheeler has signed the agency’s final rule regarding the disposal of hazardous waste pharmaceuticals.
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