Argentum’s Senior Living Impact Initiative Offers Data on the Widespread Effects of the Industry
April 17, 2019
(Alexandria, Va.)—Today, Argentum introduced Senior Living Impact at the 2019 Senior Living Executive Conference in San Antonio. The initiative was born from the need to share the story of senior living’s far-reaching impact at both the federal and state levels. In support of the initiative, Argentum partnered with Tripp Umbach, a nationally recognized consulting firm…
Argentum Unites Behind Apprenticeship, Workforce Development Metrics
April 16, 2019
(Alexandria, Va.)—James Balda, Argentum president & CEO, announced an ambitious agenda today, at the 2019 Argentum Senior Living Executive Conference in San Antonio, Texas, to recruit, retain, and measure the senior living workforce. A defined career path in the industry is critical, and Balda announced that Argentum will sponsor the first ever national apprenticeship for…
Senate Aging Committee Holds Hearing on Alzheimer’s Disease and Caregiver Benefits
April 5, 2019
On Tuesday, April 2, before an audience of Alzheimer’s advocates, Sen. Susan Collins (R-ME), Chairman of the Senate Aging Committee introduced the Lifespan Respite Care Reauthorization Act of 2019. The bipartisan legislation introduced with Sen. Tammy Baldwin (D-WI) authorizes $20 million for Fiscal Year 2020 to Lifespan Respite Care program, with scheduled funding increasing by…
Senate Aging Committee Holds Hearing on Elder Fraud
January 18, 2019
Two senators Wednesday introduced bipartisan legislation designed to curb scams targeting seniors during the Senate Committee on Aging’s first hearing of the 116th Congress, “Fighting Elder Fraud: Progress Made, Work to Be Done”. The legislation, Stop Senior Scams Act introduced by Sens. Jerry Moran (R-KS) and Bob Casey (D-PA), ranking member of the aging committee, would create a federal…
NIC Launches New Resources to Support Healthcare and Seniors Housing & Care Partnership
January 10, 2019
Seniorcare.NIC.org and Housing & Healthcare blog address challenges and opportunities in value-based senior care Annapolis, Md.— The National Investment Center for Seniors Housing & Care (NIC) today launched a new digital resource to help leaders in the seniors housing & care and healthcare sectors understand and adapt to continued convergence in these sectors. As fee-for-service payment and delivery models continue to give way to value-based care, health insurers and providers are increasingly…
Community Leaders Offer Solutions to Rising Food and Utilities Costs
December 17, 2018
Senior living leaders are constantly looking for ways to enhance the resident experience while optimizing community efficiency. It’s no surprise that executive directors and other decision makers are looking for smart solutions to address higher food costs and fluctuating utility prices. Reduce food costs by buying seasonal and local Argentum surveyed senior living decision makers…
Meet the 2018 Largest Providers in Senior Living
October 15, 2018
The 2018 list of the largest providers in senior living reveals few changes from 2017. Brookdale, at three times the size of the No. 2 company on the list, continues to hold the top spot. In fact, the same five companies remain in the top five. However, this year’s list captures several players not included…
Survey: Workforce Issues Remain Top Concern Among Executives and Decision Makers
October 12, 2018
In August 2018, Argentum surveyed senior living executives, including executive directors and other decision makers, regarding current business conditions in the industry and their outlook for 2019. A total of 112 survey responses were received, and overall, respondents cited that workforce challenges will continue to be troublesome for the industry. Staffing remains significant challenge According…
Closing the Tech Infrastructure Gap at Senior Living Communities
October 11, 2018
Too often, older adults are regarded as unwilling to embrace the myriad advances that technology has brought to the modern-day experience. Gary Patrick, CEO of Hotel Internet Services, a provider of secure wired and wireless internet services for senior living communities, among other properties, said outdated stereotypes of seniors struggling to surf the internet should…
What Is the Cost of Workforce Turnover?
October 11, 2018
An organization is only as strong as its workforce, but the only way that a senior living community can have a strong workforce is by addressing its turnover of employees. It’s no secret that turnover in the industry is extremely high—with studies estimating that senior living communities can experience anywhere from 10 to 100 percent…
Identifying the Most Critical Projects for Capital Planning
October 11, 2018
Located just outside of Miami, Vi at Aventura includes a mix of individual apartments for assisted living and memory care. After 15 years, it was starting to show its age. “It was still in good shape, but when carpeting hasn’t been replaced for a number of years, you start getting wear patterns. Couches and chairs…
Building an Engaged Senior Living Workforce Leads to Significant Cost Savings
October 10, 2018
Alexandria, Va. – There is a strong correlation between employee engagement, retention, and positive business outcomes, according to a whitepaper released today by Argentum, a national association of senior living providers, and consultancy Great Place to Work. The analysis finds that a typical senior living operator with 1,500 employees and 20 communities could potentially save…