#ccrcs

[hislop3]

Wednesday Feature: Framework for Improved Staffing Levels

Happy Hump Day! Wow, winter has really settled in for most of the U.S. – cold and snow as far south as Arkansas and cold, almost everywhere. Next week looks a bit more promising, weather-wise. Staffing for all providers is a major issue. For rural facilities, it can be the difference between staying afloat or closing. I hear story after story from providers nationwide about agency costs,…

View On WordPress

[hislop3]

Senior Living/CCRC Risk Reduction and the Fair Housing Act

On Friday, I wrote about expanding litigation due to increasing resident care needs found in senior living, assisted and independent living. Specifically, the issue is primarily around “acuity creep” or residents aging in-place, in environments that may not have the staff and infrastructure to meet their advancing care needs. Friday’s post is here:…

View On WordPress

[hislop3]

Friday Feature: Senior Living Litigation Watch: Risks at CCRCs/Independent Living

Among the many topical areas I watch in health care, I pay particular attention to liability and litigation. As frequent readers/followers know, my firm, H2 Healthcare, LLC, focuses a practice area on clinical compliance and litigation support. My wife and the firm’s Senior Partner is one of the foremost experts (nationally) in litigation support and clinical compliance in senior living and…

View On WordPress

[hislop3]

Non-Profit Ownership/Sponsorship Changes Moving at Record Pace

While mergers and acquisitions are generally down, affiliations, closings in some cases, and sponsorship changes in non-profit senior living and care are at a record pace. Back in July, I wrote about the disconnect between acquisitions and the merger/affiliation changes occurring among non-profits. That post is here: https://rhislop3.com/2023/07/24/senior-living-and-care-ma-two-worlds/ A news…

View On WordPress

[hislop3]

Friday Feature: Sr. Living Occupancy Update + (plus)

Yesterday we got a good look at the status of the SNF industry via a data report from CLA. Today, as the week ends, we can look at the broad industry as a whole and where occupancies are trending. NIC (National Investment Center) released its occupancy snapshot for senior living for Quarter 3. That summary is available here:3Q23-NIC-MAP-Market-Fundamentals-PDF Basically, the trend of recovery…

View On WordPress

[hislop3]

Fitch, Life Plan (CCRCs) and the Economy: Could Get Uglier

On Monday, Fitch (investment rating agency) dropped a non-rating commentary as an alert that should the economy hit a recession (I would argue not “should” but “when”), that Life Plan communities will encounter additional financial pressure. Recall that in December 2022, Fitch issued its outlook on the Life Plan/CCRC market, qualifying it as “deteriorating.” Per Fitch: “Slower economic growth and…

View On WordPress

[hislop3]

Outlook for Single Site CCRCs/Life Plan Communities

As economic conditions continue to create headwinds for senior living, I thought this post was timely. Bottom-line: I’m seeing lots of single site and even a number of multi-site, small scale organizations struggling. Depending on their markets and their debt load plus cash position, surviving as independents could be a real challenge over the upcoming year or so. The solid majority of CCRC/Life…

View On WordPress

[hislop3]

Real Estate Sales Report Out - Dismal News for Seniors and Senior Housing

The June existing home sales report from the National Association of Realtors paints a depressing picture of the residential real estate market. The release is here: https://www.nar.realtor/newsroom/existing-home-sales-retreated-3-3-in-june-monthly-median-sales-price-reached-second-highest-amount Home sales down 3.3 percent Sales off 18.9% from a year ago Inventory available for sale didn’t…

View On WordPress