Business as usual.ALFA report sizes up assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. MORE COMPETTION HASN'T has·n't Contraction of has not. hasn't has not hasn't have TRANSLATED to significantly lower 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) for assisted living. A new report from the Assisted Living Federation of America indicates that the industry's building boom hasn't had a negative effect on business. Average occupancy rates at residences held at 90.4 percent in 1998, down slightly from 1997's 90.8 percent. "This is especially noteworthy as new construction has fueled questions about potential market saturation In economics, "market saturation" is a term used to describe a situation in which a product has become diffused (distributed) within a market; the actual level of saturation can depend on consumer purchasing power; as well as competition, prices, and technology. ," says Ronald K. Tinsley, a partner with PricewaterhouseCoopers, which developed the survey. The 1999 Overview of the Assisted Living Industry, reports primarily on a mail survey of more than 900 facilities nationwide. The group surveyed does not represent a statistical sample, but researchers say data compares favorably fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. to more scientific studies. Other findings follow: * Top referral changes have changed compared with past years. Both nursing homes and "drive by the facility" rated higher than in 1997 and 1996. * Providers are responding to consumers' evolving preferences, such as private rooms and more homelike amenities. * Residents continue to be frail elderly frail elderly, n.pl older persons (usually over the age of 75 years) who are afflicted with physical or mental disabilities that may interfere with the ability to independently perform activities of daily living. individuals who require help with three activities of daily living. * Private pay is still the way. The percent of residents who receive no financial assistance stayed steady at 86 percent. To order a copy of the report, call 877-253-2289 (cost: $80 for ALFA members, $135 for nonmembers). |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion