Senior living operators are shifting their technology budgets going into the new year to keep up with the times. Among the top areas of investment for operators going into 2025 are AI, electronic health records (EHRs), and finding ways and programming to leverage data to further streamline operations. Some senior living operators are going all … Read more
Achieving strong lease-up before and after a community opens is critical for setting the stage for a new project reaching stabilization – and not an easy feat. Operators must contend with local market competition, sometimes within new markets; balance sales and marketing tactics to raise brand awareness; and leverage seemingly every department involved in community … Read more
This story is part of your SHN+ subscription Recently, I had a conversation with Priority Life Care CEO Sevy Petras that got me thinking about the current era and future of senior living. Petras said she came away from the NIC Fall Conference this year with a lot of new ideas and fresh optimism. From … Read more
This article is part of your SHN+ subscription Senior living operators across the U.S. are assembling their regional leadership teams and strategies in an effort akin to a high-stakes chess match or solving a complex puzzle. The challenge is that regional leaders are often in charge of driving improved performance at the communities they manage. … Read more
A new group of senior living leaders is infusing their companies with new plans and philosophies that will help chart the way forward for the senior living industry’s future health. One can look directly at recent announcements of incoming CEOs or companies making distinct succession plans to see that the changing of the guard is … Read more
Senior living operators have spent recent years preparing for the arrival of the Baby Boomer generation in their communities, and time is of the essence for memory care operators who must transform operations to prepare for the latest generation. From sales and marketing evolving to attract new residents and connect with families, to changing memory … Read more
Senior living operators are in 2024 finding ways to increasingly cut down on labor expenses. With agency staffing use trending downward, reducing overtime is a big focus.. To some in the industry, it’s a “stubborn sliver”.” To others, it’s a “mild headache” compared to the cost of agency staffing. But the bottom line is that … Read more
In the Pipeline is part of your SHN+ subscription In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned A joint venture between Tredway and LIHC Investment Group will put $20 million in renovations … Read more
By: Lara Unnerstall The pandemic. The “great resignation.” And now, in 2024, a tight labor market. All of these health and economic forces have hit senior living operators hard, with those in memory care feeling the pain both acutely and cumulatively. Unfortunately, the problem isn’t going to go away overnight. Recent projections say many more … Read more
This article is part of your SHN+ membership The need to improve operations is driving all that senior living operators do as they pivot to the offensive. One big pressure point is the need to do more with less. In 2024, operators are living that mantra in a variety of ways, from maintaining staffing expenditures … Read more