June 6th, 2024 Insider
Expert Insights from Outside Industries More older adults are living in senior housing today than ever before, with the number of senior housing communities outnumbering McDonalds restaurants in the U.S. by 20%. And in the next four years, the over-80 population will increase at a rate 16x higher than recent…
Key Takeaways: Data from the recently released 1Q 2024 NIC MAP Vision Actual Rates Report show that: The pace of growth in initial rates for all care segments (independent living, assisted living, and memory care) decelerated, indicating a trend towards alignment with inflation. Discounts remained highest in the independent living segment, followed by…
In the ever-evolving landscape of senior living, one thing remains constant: the need to adapt to changing consumer preferences. With the next generation entering retirement age, senior living operators are faced with the challenge of meeting the diverse and evolving needs and desires of this dynamic demographic. Individuals born between…
NIC’s Strategic Plan includes objectives to ‘expand the tent’ across five key focus areas – Active Adult, AgeTech, Capital for Operations, Middle Market, and Partnering for Health. Focus Area Committees (FACs) were formed to support these efforts. The Middle Market Committee is led by Chair Matthew Ruark of Keybank. We had…