Generational Insights Can Help Weather the Workforce Crisis
September 5, 2019
If you’ve been talking about millennials—how to hire them, how to retain them, how to motivate them as employees—you have best-selling author and speaker Neil Howe to thank. He coined the term, along with his co-author William Strauss, in their fourth book, Millennials Rising. Howe combined skills as an economist, a historian, and a demographer…
The Middle Market Opportunity: How Might It Impact Communities?
September 4, 2019
The number of middle-income seniors will nearly double in 10 years. And more than half of them won’t have the resources to pay for housing and care. When “The Forgotten Middle,” a National Investment Center (NIC) funded demand study conducted by NORC at the University of Chicago, was released in April, its conclusions and accompanying…
Intelligence Analysis: Telehealth As Alternative Revenue Stream
September 4, 2019
Shifting industry trends and regulatory change creates new opportunities for senior living to add services, further improve quality, and overcome challenges. These can also create new revenue streams that support such improved quality. Leavitt Partners, a health care intelligence business founded by former secretary of U.S. Department of Health and Human Services Mike Leavitt, performed…
Argentum Reveals 2019 List of Largest 140 Providers in Senior Living
September 4, 2019
(Alexandria, Va.)—Argentum’s annual largest providers list provides the fundamental data and ideas that leaders in senior living and associated industries use in decision-making and strategy. At 140 providers and 624,795 units, the 2019 largest providers list is the most extensive report in the 20 years Argentum has been publishing the data. Among just the top…
Is Senior Living the New Best Medicine?
July 17, 2019
Last year, we heard the bad news—loneliness is as bad for your health as smoking (Cigna); loneliness could increase risk of dementia by 40 percent (Florida State University). Now it’s time for the good news: Senior living communities appear to be good for your health. The first-year results of the Mather LifeWays Age Well Study shows…
Cannabis, Choice, and Your Community: Update on Practices and Problems
June 25, 2019
Cannabis, more commonly known as marijuana, is a hot-button topic in senior living. Older adults are increasingly turning to cannabis products to ease conditions such as arthritis pain, anxiety, and insomnia. Adult children are using it to try to treat manifestations of dementia in their parents. In states where cannabis is legal, there’s a good…
Creating a CDAL Culture: Ideas for Encouraging Certification
June 25, 2019
Earning the Certified Director of Assisted Living (CDAL) certification is a major achievement. But it’s not simply an individual achievement. It elevates a community, a company, and the industry overall. That means organizations can benefit from investing in a culture where the CDAL certification is recognized and appropriately valued and where every employee knows its…
New Dining Opportunities Call for Changed Approach to Risk
June 25, 2019
Today, a senior living resident might have coffee and a bagel at an outdoor café, use a touchscreen to order lunch at a deli counter, and have dinner in a bistro-style open-kitchen restaurant, without leaving the community. But each type of dining carries different risks. Everything from the way people order, to food prep, to…
Showcasing the 2019 Argentum Best of the Best Award Winners
April 12, 2019
Human connection has emerged as the common theme of this year’s Argentum Best of the Best award winners. By offering empathy to adult children, fostering bonds between residents and their peers, including young people in community activities, and inviting residents to plan their own programming, these four providers are bringing people together in new ways.…
Recognizing the 2019 Senior Living Leaders Under 40
April 5, 2019
At Argentum, we are impressed with the talent, skills, and dedication of the young leaders nominated for our Senior Living Leaders Under 40 recognition program. This year our nominees included entrepreneurs, fast-track executives, and innovators whose achievements go beyond their years. As busy as they are, each of these individuals makes time to give back…
Breaking Through: A Focus on Women in Senior Living Leadership
April 2, 2019
Women dominate in the senior living workforce. Four out of five professionals who care for seniors are women—and women don’t just work in senior living: They lead. Unlike in the general business world, where the glass ceiling is still very much intact, women hold nearly 70 percent of senior living management jobs. Last fall Argentum…
Leadership Lessons Learned from Outside Senior Living
April 2, 2019
When Randy Richardson started in his position as president of Classic Residence by Hyatt (since rebranded as Vi) in 2000, he wasn’t sure what to expect. He’d worked previously in a range of positions centered around marketing and commercial real estate, and senior living was a completely new field to him. The initial learning curve…