Top 10 Senior Living Stories of 2015

by Administrator
(Littleton)

As you begin the new year, make sure you don’t miss the biggest senior living stories of 2015. Last year’s most widely read topics include reports on assisted living pricing, international opportunities for senior living providers, and future trends in the industry.

The Largest Providers List in 2015
Pick any metric – occupancy, acquisition, inventory, new investments - and the end result is that senior living was hot in 2014, according to an analysis of the largest senior living providers from Senior Living Executive magazine.

Study: Assisted Living Remains Cost-Effective Option for Long-Term Care
Genworth Financial has released its long-term care 2015 Cost of Care survey, revealing that the median cost of living in a private room in an assisted living community in the United States is $43,200 compared to $91,250 for a private room in a nursing home.

Florida Legislature Passes Innovative Assisted Living Reform Bill
Senior living had a reason to celebrate in Florida this week with the passage of a meaningful assisted living reform bill by the state legislature.

Report: The Top 10 Most Expensive States for Assisted Living
A new study crunching assisted living data lists the top 10 most expensive states with Washington, DC, topping the list. Washington is followed by New Jersey, Alaska, Massachusetts, Connecticut, Maine, Maryland, New York, Delaware and Hawaii.

New Long-Term Care State Data Available from CDC
The Centers for Disease Control has released new state web tables using data from its National Study of Long-Term Care Providers conducted in 2012.

Survey: Assisted Living Staff Show Lower Turnover, Higher Retention
The overall retention rate for assisted living staff was just over 73.1 percent in 2013 with a median turnover rate at 24.2 percent, showing improvements from the 2012 data, according the National Center for Assisted Living’s Vacancy, Retention & Turnover Survey.

Assisted Living Federation of America Unveils New Name
“Argentum – Expanding senior living” reflects the evolution of the organization and industry.
The Assisted Living Federation of America (ALFA), which advocates for excellence in senior living, introduced its new name and logo. The new name, Argentum, reflects the organization’s expanded direction, priorities and focus.

Genesis Healthcare Finds Healthy Opportunity in China
China is unfurling ample opportunities to long-term care advocates such as Pennsylvania-based Genesis Healthcare, which opened a health center in Guangzhou in November and plans to expand across the country.

Industry Leaders Offer Predictions on Future of Senior Living
More Americans proactively will seek to reside in senior living communities, and the industry has a role to play in ensuring that consumers will be financially prepared for their retirement years. CEOs from the nation’s leading senior living providers gathered to address these issues and share their predictions for the industry’s future at Argentum’s Senior Living Executive conference in Tampa, Florida, May 4-7.

Veterans Affairs Proposed Rule Change to Affect Senior Living
The Department of Veterans Affairs is proposing to amend regulations governing who is eligible to receive a VA pension in response to recent recommendations made by the Government Accountability Office. The updated regulations would affect senior living communities in multiple ways. Argentum is in the process of analyzing the suggested changes and plans to submit comments to the VA regarding its proposal.

Source: http://www.alfa.org/News/4795/Top%2D10%2DSenior%2DLiving%2DStories%2Dof%2D2015

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