affordable housing

Why is There a Lack of Affordable Housing for Older Adults?

Even as the housing market recovers from the Great Recession, there is still a shortage of affordable housing for older adults. Those aged 55 and older, the Baby Boomers, are living longer and more independently than those generations that came before them. In fact, every day through 2030, 10,000 Baby Boomers will turn 65. Alongside this rapid expansion, roughly 27...
 

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Rise of assisted living communities

The Rise in Popularity of Assisted Living Communities

The National Center for Assisted Living (NCAL) states that there are nearly 29,000 assisted living communities in the United States. Of those, nearly half (42 percent) are independently owned. The rise in number of assisted living communities likely will continue as the Baby Boomer population enters their retirement years and this will bring a new set of challenges to the...
 

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CEO-led and board-led senior living communities

The Great Debate Between CEO-Led and Board-Led Senior Living Communities

There is a critical distinction between a senior living community that is CEO-led versus one that is board-led. The sustainability and long-term capacity of any successful community, however, comes from neither scenario. Rather, it’s the ability of both entities to collaborate and bring their unique strengths to the table that moves the organization forward. To achieve this, start by defining...
 

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Organizational growth

Effective Strategies for Organizational Growth in Your Senior Living Community

Like many industries, the senior care market is experiencing disruptions. It can be hard to grow your senior living community under such conditions, but growth is critical for long-term sustainability. There are solutions and strategies to get you there, but what are some of the underlying issues? Identifying revenue cycle management challenges Discovering collaborative strategies between care communities and other...
 

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Revenue cycle management

The Importance of Strong Revenue Cycle Management in Senior Healthcare Communities

Revenue cycle management support sounds like a mouthful, but it is a crucial part of maintaining long-term sustainability and capacity as a senior living and healthcare community. Revenue cycle management encompasses the financial process healthcare facilities use, from initial admission of a resident to the final payment of an outstanding balance. The need for revenue cycle support occurs when trouble...
 

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Uplands Village

Paradigm of a Full-Service Management Contract at Its Best

Uplands Village is a progressive Life Plan Community located in Pleasant Hill, Tennessee. This vibrant community is part of a three-year, full-service management contract with United Church Homes Management and is a prime example of what a partnership with UCHM can look like. Over the past year, we’ve assisted this nontraditional senior living community with developing a plan for long-term...
 

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The State of the Senior Living Market

The State of the Senior Living Market

The population of older adults living in the U.S. is growing at an unprecedented rate. According to a 2019 report by Love & Company on senior living trends, more than 76 million baby boomers will start making post-retirement life choices by 2025 and beyond. The sheer number and spending power of the boomers make this financially savvy demographic important prospects...
 

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Types of Management Relationships in Senior Care Communities

The Types of Management Relationships in Senior Care Communities

When your senior living community is at a crossroads and it’s time to consider options for the future, do your research on the types of management relationships you can form with trusted partners. These relationships can help you to navigate the road ahead, providing varying levels of management and support along the way. There are many types of relationships that...
 

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What Care Communities Need to Know about Sustainability and Capacity

The population of older adults living in the U.S. is in the midst of unprecedented growth. In fact, a 2019 report by Love & Company on senior living trends predicts that more than 76 million baby boomers will start making post-retirement life choices by 2025. There are a bevy of opportunities for senior living providers in the years to come....
 

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Woman having discussion with team

Board Governance in Nonprofit Senior Healthcare Communities

Guiding senior healthcare communities toward sustainability in today’s chaotic healthcare environment The role of a board within a nonprofit organization encompasses three components: Duty of care: exercise diligence and act in good faith Duty of loyalty: avoid self-serving behavior, avoid mismanagement and maintain confidentiality Duty of obedience: remain faithful to the organization’s mission and goals and use donations to fulfill...
 

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