EVOLVING TRENDS IN THE ASSISTED LIVING INDUSTRY
By: Carol Marak | AssistedLivingFacilities.org
Serving tomorrow’s senior population.
As boomers approach retirement and aging, they bring higher expectations for the housing and healthcare industry, along with questionable ability to pay for them.
As senior housing and the healthcare industry examine boomer’s expectations, it forces companies to reassess how to provide costly services because some boomers’ have limited financial resources; both personal savings and entitlements.
Consumers and businesses must meet half way to balance the life span and shortage of funding problems.
The emerging trends in senior housing and design vary, because the retiring population carries multiple desires. Innovations like the wellness and cultural center, intergenerational programs and hospitality influence create dynamic new environments that offer enriched living for seniors and assorted revenue streams for providers.
Elements that change senior housing are restaurant style dining, new technology, social environments, lifelong learning and community engagement and integration; blending into independent living, skilled nursing and hospice.
The success lies in creating the most innovative and responsive solution for residents.
As the aging population expands and faces health challenges, there’s a demand for more wellness enhancement services and products.
Although the 2008 recession took its toll on the housing market, in 2013 a shift of growth for assisted living and other housing venues breathes fresh air.