3 Revenue Streams for Assisted Living Communities You are Missing Out On

Assisted living communities are in abundance in the United States. They are certainly a profitable industry as so many older adults are looking for alternative, safe living options.  But are they as profitable as they can be?  If you aren’t using all of the revenues streams that are at your disposal, you could be missing out on even more earning potential.  Here are three extra revenue streams for senior living communities that you may be missing out on.

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How Improving Senior Living Technology Can Be Your Secret Weapon this Year

Making changes to what may already be a successful and sustainable business can seem like a risky move; but by improving senior living technology at your facility you can be arming your community with some secret weapons that will set you apart from your competition.  It’s no suprise that today’s seniors are demanding better technology services.  Whether it is to stay active in the community or to keep in touch with friends and family, having the latest technology is a sure way to attract new residents and keep your current residents happy.

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How Can Resort Style Amenities Improve Senior Living Occupancy?

Luxury vacations are a big deal these days. This is partly because the travel industry has figured out that people appreciate the pampering as much as they do the destination. Gourmet meals are now paired with whitewater rafting trips. Simple tent camping becomes “glamping” with comfortable furniture added in.
Senior living environments are putting their own spin on this trend as well, incorporating luxury amenities within communities and watching occupancy rates rise in response. How does resort style senior living work to actually improve senior living occupancy rates? Consider this:

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Top Warning Signs It’s Time to Upgrade Senior Living Technology

The decision to upgrade technology is a difficult one to make in any industry. Vetting all the options available takes time and resources. Also, upgrading technology has traditionally implied a costly and time-intensive endeavor.
In the senior living industry, the decision to make technology leaps has become particularly tough for some. Many senior living executives are feeling the pressure of making community updates with a limited amount of investment on hand. And they know that whatever decision they make, their community will have to benefit from these investments for a long time to come.

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3 Things You Didn’t Know About Wander Management Systems for Seniors

Wander management. For senior living providers and families, these two words can have a negative, restricting, and even expensive connotation. But when you dig deeper, the technology and what it represents today holds some very positive surprises. Whether you are a prospective resident, a family member, or working within a senior living community, here are three things you may not have known about today’s wander management systems for seniors until now:

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3 Questions Every Senior Living Community Should Be Able to Answer

It’s likely your community has come up with a list of commonly asked questions from safety to the dining experience, and everything in between. These questions have probably already become part of an online FAQ section or are in your print materials.
Though the questions will vary depending on who’s asking (friend, relative, resident) and what the move-in circumstances are (a welcome next step or an uneasy transition), the reason the question is being asked is ultimately for the benefit of the resident themselves.
What top questions will they ask and how prepared will your senior living community be to answer? Here’s a look at three questions to expect from residents and their loved ones: 

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How To Turn Low Occupancy into an Opportunity for Your Community

After two consecutive quarters of decline, senior housing occupancy finally inched up in the third quarter of 2015, according to NIC (National Investment Center for Senior Housing and Care) numbers. But, not every senior living executive is able to say occupancy rates are up.
For many, bringing in new residents can be challenging. Some communities put a lot if time and money into something they thought would impact occupancy, but didn’t give them the returns they anticipated after all. Others remain undecided on just what investment strategy will really impact occupancy.

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