McKnight’s Senior Living August 8, 2024
In the next six years, every member of the Baby Boom generation will be aged more than 65. A demographic shift that often is referred to as the “gray wave” signifies a milestone for the aging population of America, with more than 76 million baby boomers entering the traditional age of retirement.
For senior living community leaders, this shift will mean a potentially large influx of community occupants and a change in overall payment behaviors and preferences.
Here are three tips to help finance managers prioritize guest experience and cost savings when navigating payment processing for senior living communities.
Tip No 1: Accept cards and digital payments
The Baby Boom generation is far more tech-savvy than some may realize, and...
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