Senior Housing News September 16, 2024
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Senior living operators are notching improvements in the duration of resident stays as the industry has settled into a new normal in 2024.
It’s no secret that the length of stay across the senior living industry has decreased in the last four years, a trend thought to be driven by higher-acuity residents and older adults waiting longer to enter communities than they did prior to the pandemic in 2020.
That has pushed some operators, like Distinctive Living, to focus more on lower-acuity residents in an effort to increase length of stay and improve financial metrics, chief among them increasing margin and care revenue.
“You’re immediately more attractive from a pricing standpoint for...
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