McKnight's February 27, 2020
Just when you think the pressures on the senior care business can’t get anymore intense, they do.
We have more aging adults in various states of health putting growing strain on the system. The growing complexity of government policies and regulations creates challenges from a care and compliance perspective. The ongoing shortage of both higher-skilled professionals and minimum wage workers worsens with the wealth of attractive alternatives in today’s economy. And insurance against everyday risks and to cover growing claims for resident abuse and neglect is increasingly costly.
Such are the forces that are driving trends in 2020, with long-term living professionals likely to bear the brunt of their impact. Here are three of the most significant.
1. Operations, skills,...
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