Healthcare, Senior Living, Economics
Yesterday was National Mental Health Day. It was also World Mental Health Day. The purpose of the day is to raise awareness of mental health issues and to mobilize professionals and communities to become more engaged in supporting mental health care. A few months back, I lost a very close, long-term friend to a mental … Read more
Value-Based Care is kind of a vogue term, one that I encounter quite often. I also have used it when speaking or writing and know most people have no idea what it means or how it can be developed and/or applied. Value-based care is not a new concept. Medicare tried a foray into it back … Read more
Lately, I’ve gotten quite a bit of 70s (1970s) deja vu. Yes, I’m old enough to vividly remember the 70s as I crossed the decade as a teenager, graduating high school and almost, college. If one has my memories, the 70s were pretty turbulent times, analogous to now. In 1973, Israel and the Arab (Egypt … Read more
Yesterday we got a good look at the status of the SNF industry via a data report from CLA. Today, as the week ends, we can look at the broad industry as a whole and where occupancies are trending. NIC (National Investment Center) released its occupancy snapshot for senior living for Quarter 3. That summary … Read more
Happy Hump Day eve! There is so much going on right now with the economy, government shutdown (whew, avoided that one for a bit) dynamics, election news, and health policy that it is becoming difficult to parse topics into stuff of value. Hopefully, a couple of quick updates will make room for more insightful analysis … Read more
Busy week and so, I got a tad behind. Lots of news to run through this weekend from health policy stuff (new MDS next week), to updated numbers on SNF staffing mandates, some new info. on the Jimmo case (ten years ago) and Medicare denials, and some economic data from yesterday and today (mixed bag … Read more
Not too long ago, I had a conversation with a young, upcoming executive. I’ve known her for a number of years beginning when she attended a conference (and presentation) that I spoke at. She’s a future “rock star” if she chooses to be (bright, well-spoken, organized, etc.). She asked me, “What’s the number one thing … Read more
The Federal Reserve hasn’t always conducted FOMC meetings (Federal Open Market Committee). It started meeting in late 1973 or early 1974. The purpose of the meeting was to address inflation primarily, in the economy; ways to control it, ways to stabilize monetary policy, ways to create price stability. In the mid 1970s, the Fed began … Read more
On Monday, Fitch (investment rating agency) dropped a non-rating commentary as an alert that should the economy hit a recession (I would argue not “should” but “when”), that Life Plan communities will encounter additional financial pressure. Recall that in December 2022, Fitch issued its outlook on the Life Plan/CCRC market, qualifying it as “deteriorating.” Per … Read more
Happy Hump Day! The number one reason for staff turnover is NOT money, its bad bosses or moreover, the things that bad bosses do. I have had staff follow me from engagement to engagement (job to job) and still, have staff that would meet and work with me, anywhere (well, almost) anytime. Why? It isn’t … Read more