Healthcare, Senior Living, Economics
This past Monday, I played golf in a charity event, the proceeds of which, went to Children’s Hospital of Wisconsin. The event, however, wasn’t sponsored or produced by Children’s Hospital. The event, now twenty-three years (next year, twenty-four), is the creation of a good friend of mine and ongoing business colleague, Jim Lombardo. Jim is … Read more
Golf outing today for Children’s Hospital of WI so a bit of recycling…I wrote this a number of years ago (April 2016) and it was very popular and resonates well today. Enjoy! The original post is here: https://wp.me/ptUlY-kf The bulk of my work centers around gathering data, analyzing trends and working with the leadership of … Read more
One of the largest complaints about senior care and housing is cost. It is or can be, darn expensive. The best, most amenitized Life Plan projects can run hundreds of thousands of dollars to enter and tens of thousands more in monthly fees. Rates inflate typically, more than CPI each year. Lately, rate inflation has … Read more
There is an old saying that goes like this: “How do you eat an elephant? One bite at a time.” That is a succinct definition for relentless incrementalism. Doing the hard stuff in life is rarely a quick accomplishment. I’ve never run a marathon, but I know people who have, and I know they don’t … Read more
In the midst of a BBQ, fireworks show, or picnic today, take a moment to remember that freedom is not free. Freedom is earned and liberty protected and secured by those who believe deeply and are willing to sacrifice personally. God Bless America and Happy 247th! May there be many more…
Soon the target customer for most senior housing options, primarily independent living and CCRC/Life Plan will be folks born in the “baby boomer” generation. Boomers are folk born between 1946 and 1964, placing them today, between 76/77 and 58/59 years of age. They were born right after WW II and right at the beginning of … Read more
In its latest update, the Altarum Health Sector Economic Indicators, provided some interesting information on health care spending, job growth, and pricing. The data was released yesterday and is accessible here: https://altarum.org/publications/june-2023-health-sector-economic-indicators-briefs Some key data points from the report are as follows. The data is useful in forecasting, budgeting, and planning, especially in terms of … Read more
Happy Hump Day! Within less than a week, America’s most significant holiday will occur – Independence Day. Celebrated on July 4th, this day commemorates the ratification of the Declaration of Independence by the assembled U.S. Constitutional Congress, in Philadelphia, declaring separation and independence from English (King of England) rule. The 4th of July became the … Read more
Just a tick early as mid-year officially won’t occur until this Saturday with the second quarter officially ending, Friday. This said, not much is likely to change the current status between now and Friday or for that matter, any time soon. The first half of 2023 can be summed up through a look at two … Read more
As I close the week, I’ve been following a lot of legal news, specifically court cases involving health care and in one case, a decision from the Supreme Court. Legal news can be rather arcane and boring but, in some cases, the implications of decisions can be rather profound. Such is the case (no pun … Read more