The Top 3 Daily Reads for Senior News:
Senior Housing News: Looking Beyond Occupancy to Improve Senior Living Margin
Despite higher occupancy rates and steady returns reported in the industry, senior housing executives are still on the lookout to increase margins in new ways.
From placing more scrutiny on investment policies to branching out into new service lines, CEOs, CFOs and COOs recently reported how they are reacting to some of the top industry challenges in an annual survey conducted by investment banking, wealth management and institutional advisory company Cleary Gull.
McKnight’s Senior Living: Tech and seniors: Been there, done that — or have you?
Author: F. Scott Moody
In my first blog post a few weeks ago, I spoke of the transition of senior care from the old nursing home model that had the look and feel of something akin to an “institution” to a more hospitality-oriented environment that often can look more like a resort. Despite all these physical plant advances, however, communities generally are devoid of the technologies that would help achieve the very same objective: a great consumer experience.
That is all about to change, but it starts with how we think about seniors and technology.
Senior Housing Forum: Teaching Them or Reaching Them? Why You May Not Be Getting Through
Author: Susan Saldibar
It’s unfortunate that one of the stereotypical images many adult children have of senior living communities is that of an older resident propped up in a wheelchair just sitting in front of a TV for hours. Although it depends on a resident’s cognitive level, watching TV for an extended period is neither beneficial nor cognitively stimulating. The truth is that some residents at lower cognitive levels can’t even process what is happening on the TV show. The adult child observing this during a tour may leave with one thought: “I’m not putting my mom here.”