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ARGENTUM ADVOCATES GETTING THE MESSAGE TO CONGRESS


THE SENIOR LIVING INDUSTRY IS FACING A CRISIS. LEARN HOW YOU CAN GET THE MESSAGE OUT NATIONALLY AND LOCALLY BY JOINING ARGENTUM ADVOCATES AT ARGENTUM.ORG/ARGENTUMADVOCATES


88% OVERTIME STAFF


61% NEW


71%


HERO PAY


78% PPE


45% CLEANING COVID-19 FINANCIAL IMPACT ON ASSISTED LIVING OVER $15 BILLION


Operators have faced over $15 billion in losses due to increased expenses* and record low occupancy rates.


*Percentage of assisted living providers with increased expenses as a result of COVID-19


need assistance with bathing


63%


need assistance with Dressing


48%


need assistance with Toileting


40% MILLION On average,


needs assistance taking nine medications


have alzheimer’s disease,


42%


dementia or a related disease


VULNERABLE SENIORS


have hypertension 42%


51% have heart disease


have arthritis 34%


COVID


TARGETS THIS POPULATION


75-84 YEARS OLD are 220X more likely to die


85 YEARS OR OLDER are 630X more likely to die


On average, will live in assisted living for


22 months


71% Female


are age 75-84


are age 85+ 30%


52% 83%


56% of Assisted Living Providers anticipate closures within the next year, potentially forcing seniors from their homes and caregivers


OVER HALF of Assisted Living Providers are currently operating at a loss


1.7% 15%


Hospital, Nursing Homes and Others ($145 Billion)


Assisted Living Facilities ($3 Billion)


Unallocated ($27 Billion)


PROVIDER RELIEF WOEFULLY SLOW AND INSUFFICIENT- THOUSANDS STILL HAVE NOT RECEIVED RELIEF FUNDING


SOLUTION


$5 BILLION IN TARGETED FUNDING To keep seniors in their homes and with their caregivers. Legislation must target funds to assisted living as defined by The Older Americans Act (USC 42-Sect.3002)


Sources: Internal member surveys conducted by Argentum and the National Center for Assisted Living (2020-2021); CDC National Center for Health Statistics, 2016 National Study of Long-Term Care Providers.


36 SENIOR LIVING EXECUTIVE MARCH/APRIL 2021


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