Occupancy in CCRCs taking longer to bounce back: Ziegler
By
Kimberly Bonvissuto
May 20, 2022
Although continuing care retirement communities (CCRCs, also known as life plan communities) did a better job of maintaining occupancy before and during the pandemic, other areas of senior housing are...
Life plan communities earn high marks from residents
By
Michele Holleran, Ph.D., MBA
Apr 14, 2022
Overall resident satisfaction scores went up significantly during the COVID-19 pandemic. Although this finding may seem counterintuitive, there are plausible reasons for the positive scores.
Proposed law would require CCRCs to return entrance fees within a year
By
Kathleen Steele Gaivin
Apr 07, 2022
Continuing care retirement communities would be required to return refundable entrance fees to former residents or their estates within a year of the unit being vacated, under legislation introduced in...
Provider Relief Fund monies wane for life plan communities in 2021: Ziegler
By
Kathleen Steele Gaivin
Feb 14, 2022
Life plan communities received comparatively small amounts of Provider Relief Fund aid in 2021, as program money wanes. No meaningful additional funds are expected going forward in 2022, according to specialty...
CCRC occupancy inches up to 85.7 percent in fourth quarter
By
Lois A. Bowers
Feb 03, 2022
Life plan community occupancy was 85.7% in the fourth quarter of 2021, up 0.3 percentage points from the third quarter and 1.4 percentage points from a pandemic low seen in the first two quarters of the...
Certain factors benefit residents’ emotional wellness during pandemic, study finds
By
Lois A. Bowers
Jan 19, 2022
An openness to new experiences, high-quality relationships with children, meditation and living in a smaller community were some of the things that have helped life plan community residents be more resilient...
Changing consumer provides opportunities for life plan communities: report
By
Kimberly Bonvissuto
Jan 05, 2022
It’s no secret that the 75-and-older population is growing. But a new senior living and care trends report notes that with that growth comes more households with a net worth of $1 million or more, suggesting...
Covenant Woods ‘ups game’ with expansion into home care for CCRC residents
By
Kathleen Steele Gaivin
Oct 21, 2021
Richmond, VA-based Covenant Woods has undergone an expansion, not of its physical plant, but of at-home care options for residents of the life plan community and Central Virginia neighbors within a 50-mile...
Operating margins, other cash flow ratios fall to levels ‘not seen in a decade, if ever’: analysis
By
Kathleen Steele Gaivin
Oct 18, 2021
Profitability and cash flow have declined significantly for both single-site and multi-site long-term care providers over the past year, according to median measures reported in the recently released 2021...
CCRC expects up to $70,000 in annual savings by going green
By
Kathleen Steele Gaivin
Oct 15, 2021
Carroll Lutheran Village is expanding its green initiatives with energy-efficient lighting and solar panels to reduce energy consumption and costs. The Westminster, MD, not-for-profit continuing care retirement...