When it comes to your occupancy rate, the senior housing marketing isn’t exactly in your favor. It wasn’t too long ago since the NIC reported that… Senior housing occupancy dropped to 88.3%. Annual assisted living and independent living inventory was larger than absorption. Of the NIC’s 31 primary markets, 22 markets slipped to lower occupancy
Industry disruption and disruptive innovation. That’s been the theme of our blog series, and we’ve looked at everything from the coming senior housing industry shift to creating communication that fuels innovation. Before we conclude this series, we’re looking at one final topic for innovating where it counts—culture change. Culture is critical for transforming how you
No senior housing leader will deny the importance of communication. However—the reality is—most leaders aren’t creating the right kind of communication in their operations. The kind of communication we’re talking about? This communication… Fuels disruptive innovation. Is the opposite of ambiguous buzzwords. Brings different departments together to collaborate. Creates one central message for every organizational
The senior housing industry is facing disruption. That’s the theme of this month’s series as we warn operations—small and large—that there’s a Silver Tsunami coming that will alter today’s senior living landscape. But here’s another reality. The senior housing niche is also facing low occupancy. According to Senior Housing News, NIC has recently reported that
The Senior Housing Industry Is Ready for Disruption. Are You Prepared to Radically Serve Customer Needs?
“We have potential for more upside in senior housing...but we don’t know what the silver bullet is.” “My communities are capable of achieving 95% occupancy and stellar ROI. I can’t pinpoint why my census is never stable.” “When we built this property, we easily estimated we’d be ⅔ full by now. Why is growth so