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“Breaking the stereotype” is how Jeff Getek, a public affairs manager for Erickson Living, describes his company’s philosophy that senior living communities don’t have to compromise between being stewards of the environment and providing their residents with an amenity-filled lifestyle.
The Commission on Long Term Care appointed by Congress to study and make recommendations about the rapidly escalating crisis facing Americans and their ability to pay for long term care, met for the first time in Washington, DC on Thursday, June 27th and the Commission’s prognosis was dire.
What is the average cost of your senior living community’s electricity bill? Who’s in charge of reviewing and paying your community’s monthly electric bills? The total cost of your electricity bill depends on a variety of factors. Here are some considerations to help providers better understand how to manage energy costs.
Multiple States Introduce Laws To Stimulate Private Pay Dollars By Endorsing The Conversion Of A Life Insurance Policy Into A Long Term Care Benefit Plan. Eight major states have introduced ground breaking consumer laws in 2013 to help seniors gain more choice and access to funds to pay for senior care services while saving state Medicaid budgets millions of dollars.
Most people prefer to age in place in their own homes, studies show -- but reality proves that's not always possible. This clash often brings family members to an awkward juncture. They need to broach the possibility of alternative living arrangements with someone who may neither want them nor feel the need for them.
10,000 Baby Boomers are turning 65 every day and the United States must find ways to address the costs of funding health care for the “Silver Tsunami” era. New private pay approaches to fund long term care must be encouraged, and converting life insurance policies into Long Term Care Benefits is an option quickly gaining ground.
Energy is a leading operational cost for senior living communities. From electricity bills to energy efficient equipment, senior living providers are responsible for managing energy components on a daily basis. As 2013 begins, you should consider all of these measures to help your senior living community reduce energy costs and consumption.
Learn the advantages and disadvantages of various financing options available to nonprofit senior living providers in this comprehensive resource developed by Lancaster Pollard & Co.’s Kassem K. Matt and Gerald M. Swiacki.
Medicaid reimbursement for assisted living is an option for seniors in 44 states. Learn how these programs work and why they benefit providers across the industry in an article written by Lancaster Pollard’s Kevin Tholke.
The National Council of Compensation Insurers (NCCI) proposed significant changes to the calculation of the experience modification factor (mod) that will take effect in most states in 2013. Mods historically have been a metric for Workers Compensation claim loss frequency; now mods will be a measure of both claim frequency and severity.
Have a plan! The implementation process must be managed by senior managers with involvement from the whole team. Utilize Safety/Risk Committees to assist in completing and maintaining the plan, share efforts and responsibility and involve residents and family members. Your plan should be a collaborative effort between the community, local response agencies, peer-communities, vendors, and other resources. There are many sources for disaster planning help, here are a few:
Owners and operators of senior housing need to recognize and avoid failed funding strategies that effectively place the cart before the horse in a tight credit market, Jeffrey A. Davis, chairman of Chicago based Cambridge Realty Capital Companies advises.
Discover the role coffee can play in preventing disease and improving the quality of life of seniors in a piece by S&D Coffee.
Learn how to transform your senior living community into a hospitality destination with some tips from the experts at three-Living Architecture.
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