Senior Housing News September 23, 2024
The senior living industry has a “three-body problem” – but new research shows it also potentially holds the solution to that problem.
Recent data analysis by researchers NORC at the University of Chicago in partnership with the National Investment Center for Seniors Housing and Care (NIC) found that the senior housing industry shows promise for reducing the overall health care spending patterns of older adults.
The preliminary findings studied health care costs of 58,000 independent living residents and 28,000 assisted living residents and found lower health care spending compared to non-congregate living settings by 17% in independent living and 20% in assisted living.
But exactly how senior living communities are generating these cost savings still needs to be studied, according...
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