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
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44