This story is part of your SHN+ subscription In 2024, the senior living industry sits at the crossroads of excitement and uncertainty. That was on full display during panel discussions at the recent Senior Housing News reBUILD conference. On the one hand, the senior living industry is gearing up for a big year in new … 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 Affordability in senior living remains a key challenge for senior living operators, and for those who navigate the affordable housing and middle-market space, doing so requires a lean and efficient operating playbook. The affordable space within senior living includes a range of models, from Medicaid waivers for … Read more
Hear more insights on CapEx and other topics from industry veterans at our upcoming ReBUILD event in Chicago on November 20 and 21. Tickets are available here. As new development remains tough to work out, senior living operators are shifting growth priorities and focusing on internal repositionings, renovations, and investing in key infrastructure to capture … Read more
This article is part of your SHN+ subscription In 2024, many senior living operators have shifted from raising rates to keeping them where they are, and even offering discounts. As they do so, they must walk a fine line. On one side of the coin, concessions and discounts provide a short-term financial boost to a … Read more
This story is part of your SHN+ subscription As the pace of senior living operators adopting value-based care models in 2024 quickens, challenges remain in growing those models. Providers are wielding data insights to spur value-based care model growth while also posing significant challenges to operators aiming to balance in making the risky transition to … Read more
This members-only, exclusive article is part of your SHN+ subscription If the speed at which senior living operators were adopting value-based care models accelerated last year, in 2024 the effort has kicked into an even higher gear. Within the last two months, senior living providers including 12 Oaks, Benchmark Senior Living, and Epoch Senior Living … 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
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
This article is sponsored by SafelyYou. This article is based on a discussion with George Netscher, CEO & Founder of SafelyYou and Sevy Petras, CEO & Co-Founder of Priority Life Care. This discussion originally took place on November 15, 2023 during the SHN BUILD Conference. The article below has been edited for length and clarity. … Read more