Pandemic To Impact Senior-Living Facilities Through 2022

Within the senior living industry, continuing care retirement communities were hit the hardest


As if 10 months of pandemic hasn’t been enough,

Senior-living facilities have persevered in battling COVID-19 since March 2020, updating facilities and processes designed to keep patients and staff safe as the coronavirus has surged nationwide. Unfortunately, the impact of COVID-19 on facilities, staff and operations is far from over.

Senior living industry experts participating on an Argentum panel looking at senior living’s economic forecast say that an unprecedented global pandemic could leave its mark through 2022, according to McKnight’s Senior Living. Panelists reviewed trends in the industry’s three biggest cost drivers: workforce, food and utilities. 

According to Argentum’s 2021 Forecast Report, the economy was still 10.7 million jobs down from pre-coronavirus levels as of September, with full recovery unlikely until 2022. And although the total number of jobs in the senior living industry declined in 2020, the number of hours worked by employees is trending higher.

Within the senior living industry, continuing care retirement communities were hit the hardest. Also known as life plan communities, they lost jobs at a rate of 2.5 percent, whereas assisted living jobs declined 0.8 percent during the first eight months of 2020.

Click here to read the article.



January 12, 2021


Topic Area: Facility Operations


Recent Posts

Seeking Standards for Microbial Loads in Healthcare Facilities

Why is there no binding standard for the acceptable microbial load on surfaces or in the air in hospitals?


UCR Health Unveils Plans for Major Expansion

The vision for the site will include an outpatient diagnostic center and possible future expansion.


High-Performance Windows Support Safety at UW Medicine's New Behavioral Health Center

Case study: Engineered for strength, quiet and daylight, the chosen windows help create a safe, calming and energy-efficient environment for patients and providers.


Central Maine Healthcare Dealing with IT System Outage

The organization identified unusual activity within their computer software, prompting them to secure and shut off all IT systems.


Kaiser Permanente Opens Newly Expanded Everett Medical Center

The facility offers primary care and pediatric care and has specialty care departments.


 
 


FREE Newsletter Signup Form

News & Updates | Webcast Alerts
Building Technologies | & More!

 
 
 


All fields are required. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.