$1 Trillion Investment Needed to Meet Senior Living Demand Through 2050: NIC MAP
McKnight's Senior Living
It's well known in the industry that the senior living sector is entering an era of unprecedented demand and opportunity, driven by a growing demographic of prospective residents and strong operating fundamentals. A new report from NIC MAP quantifies the significant supply gap, aging inventory, and need for capital that present both challenges and opportunities for operators, developers, and investors in this era. Read more.
Graduate Medical Education Should Matter to the Nursing Home Sector
McKnight's Long-Term Care News
The author, a longtime PALTmed member, has repeatedly advocated that the nursing home industry support the education and training of competent medical directors. He says it would also behoove the industry to devote lobbying efforts to reforming graduate medical education because the existing physician workforce is inadequately prepared to address the needs of medically complex older adults. Read more.
Building Career Pathways in Long-Term Care
Provider Magazine
Across the United States, skilled nursing facilities continue to struggle with staffing shortages, rising turnover, increasing regulatory complexity, higher resident acuity, and an aging workforce. Organizations have responded by investing heavily in recruitment campaigns, sign-on bonuses, agency staffing, wage increases, and referral incentives. Although these initiatives may provide temporary relief, they often fail to address a deeper issue: many employees cannot envision a future for themselves within the organization. Read more.