Senior Housing News August 8, 2024
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Staffing costs. Debt service. Insurance premiums. These are just some of the line items operators are still grappling with in 2024.
In the last four years, senior living expenses have not been stable. While the cost of certain goods and services has moderated, others have increased; and although senior living occupancy has steadily risen across the industry, average margins have not. This has left operators in a somewhat difficult position, as they look to both grow for the future and be as efficient as possible today.
Merrill Gardens COO Jason Childers likened managing expenses to assembling a puzzle where operators must balance long-term fiscal priorities with daily operational expenses.
Indeed, I see...
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