Alzheimer's wings lend profitable extension to LTC facilities.Competition in the nursing home industry, where overall occupancy rates Noun 1. occupancy rate - the percentage of all rental units (as in hotels) are occupied or rented at a given time pct, per centum, percent, percentage - a proportion in relation to a whole (which is usually the amount per hundred) have fallen 5 percent to 83 percent in 10 years despite increases in the elderly population, has prompted companies such as Beverly Beverly, city (1990 pop. 38,195), Essex co., NE Mass., on Massachusetts Bay; inc. as a city 1894. Its chief manufactures are electronic and scientific equipment, consumer goods, and chemicals. Enterprises Inc. to open additional wings for Alzheimer's patients. Successive generations of the elderly appear to be increasingly healthier, suggesting that each generation will be entering long-term care facilities long-term care facility n. See skilled nursing facility. later and later. Interestingly, since 1994 the number of assisted-living facilities has increased from 3,800 to 7,500, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the trade group American Seniors Housing Association (ASHA). Moreover, Cleveland, Tenn.-based Life Care Centers of America Co. and Ontario-based Extendicare Inc. are also opening special Alzheimer's units. As they adapt, the nursing homes are finding that patients formerly considered too uneconomical to keep can be profitable. On average, around half of Alzbeimer's patients--30 percent more than general nursing home patients--do not qualify for Medicare Medicare, national health insurance program in the United States for persons aged 65 and over and the disabled. It was established in 1965 with passage of the Social Security Amendments and is now run by the Centers for Medicare and Medicaid Services. to pay their own rent, enabling nursing homes to bill according to costs. |
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