The big picture.Because there isn't is·n't Contraction of is not. isn't is not isn't be yet one commonly accepted definition of 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. , getting an exact facility count isn't easy. Adding up every facility licensed as assisted living or its state's equivalent term, researcher Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. Mollica found 28,131 licensed facilities nationwide in 1998. In a study for the U.S. Department of Health and Human Services Noun 1. Department of Health and Human Services - the United States federal department that administers all federal programs dealing with health and welfare; created in 1979 Health and Human Services, HHS that same year, researcher Catherine Hawes narrowed her search to facilities serving the elderly that have more than 10 beds and 24-hour staffing, and that provide at least two meals a day along with assistance with medications, bathing, and/or dressing. She found 11,472 facilities that fit that definition. Bed counts vary widely, but most seem to agree there are about 1 million nationwide. The going rate Average salaries may seem low because most assisted living facilities have 25 or fewer residents. In larger facilities, which include almost all the newer stock, salaries tend to be higher. Average administrator salary: $37,440 a year Average assistant manager; $14.48 per hour Average RN: $15.63 per hour Average nursing assistant salary; S7.81 per hour What's included The percentage of facilities that include these services in their daily rate. Three meals a day 99.0% Maid Service 72.4% Wellness activities 71.9% Physical therapy 58.8% Medication administration 55.9% Furnishings 48.2% Nursing services 44.2% Incontinence care 43.8% Transportation 42.0% Telephone 23.4% A seller's market Nationally, the median sale price per unit has more than doubled since 1994 1994 $39,755 1995 $59,730 1996 $64,800 1997 $63,043 1998 $86,667 Adding Alzheimer's In 1998, 17.8 percent of assisted living facilities had dedicated Alzheimer's units, with an average number of 26.2 units and an average occupancy rate 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) of 87 percent Fill 'er up Average occupancy rate at stabilization Stabilization The action undertakes a country when it buys and sells its own currency to protect its exchange value. Actions registered competitive traders undertake by on the NYSE to meet the exchange requirement that 75% of their traded be stabilizing, meaning that sell orders 90.4 percent Average net unit absorption per month 3.6 Average length of stay....26.2 months The cost of construction Development cost per unit in 1998 was highest in the northeast and lowest in the southeast.
REGION UNIT DEVELOPMENT COST
Northeast $118,787
Southeast $96,456
Midwest $120,160
West $108,376
National $114,426
Leader of the pack
In 1999, the construction of assisted living residences will
leave all other forms of senior housing in the dust.
Total senior housing under construction in 1999
Assisted living 68%
Congregate 17%
CCRCs 8%
Senior apartments 7%
Strength in numbers
Projected minimum number of residents based on population
growth of people age 75 and over.
Year
1997 1,000,000
2000 1,063,458
2005 1,141,931
2010 1,177,478
2025 1,702,085
Industry snapshot
The following data represents
1998 national averages.
Average number of units 48.7
Average total building size (sq. ft.) 35,422
Percent of semi-private units 8.7
Percent of studio units 59.7
Percent of one-bedroom units 25.1
Percent of two-bedroom units 4.1
Average sq. footage of semi-private room 315.6
Average sq. footage of studio room 332.1
Average sq. footage of one-bedroom 478.5
Average sq. footage of two-bedroom 717.1
Percent providing private toilet 92.1
Percent providing private shower 79.8
Percent providing private bathtub 21.4
From sea to shining sea Thirty-seven states will see new construction of assisted living properties in 1999. The following will have the most activity: Who's your market? The average assisted living resident had an annual income of $26,138 and financial resources of about $165,000 in 1998. Most--86 percent--paid for their services with no help from outside sources such as Medicaid Medicaid, national health insurance program in the United States for low-income persons; established in 1965 with passage of the Social Security Amendments and now run by the Centers for Medicare and Medicaid Services. , family, or church. Almost 12 percent received financial help from state assistance programs, such as Medicaid waiver The voluntary surrender of a known right; conduct supporting an inference that a particular right has been relinquished. The term waiver is used in many legal contexts. programs or SSI (1) See server-side include and single-system image. (2) (Small-Scale Integration) Less than 100 transistors on a chip. See MSI, LSI, VLSI and ULSI. 1. (electronics) SSI - small scale integration. 2. . The typical assisted living resident is a female about age 84. Women outnumber out·num·ber tr.v. out·num·bered, out·num·ber·ing, out·num·bers To exceed the number of; be more numerous than. outnumber Verb to exceed in number: men by about three to one (76 to 24 percent). On average, residents need help with approximately three activities of daily living. Here are the main ADLs and the percentage of residents who needed help with them in 1998: Medication dispensing 68.1 Bathing 60.9 Medication reminders 52.0 Dressing 43.7 Toileting 29.1 Transferring 14.0 Eating 7.9 The name game Assisted living facilities are licensed in every state, albeit under a wide variety of names. As of early 1999, just over half the states (28) had existing or pending licensing statutes using the term "assisted living." Taking their lumps Assisted living market caps (in millions)
6/30/98 6/30/99
Alternative Living
Services $605.2 $308.2
Assisted Living
Concepts 229.1 49.9
ARV Assisted Living 198.5 63.5
Balanced Care 119.0 33.4
CareMatrix 487.7 278.4
Greenbriar 64.9 15.5
The good news Pure-play assisted living and rental congregate con·gre·gate tr. & intr.v. con·gre·gat·ed, con·gre·gat·ing, con·gre·gates To bring or come together in a group, crowd, or assembly. See Synonyms at gather. adj. 1. Gathered; assembled. 2. projects with an assisted living component ranked first (55.5 percent) and second (48.4 percent), respectively, in a survey that asked investors the types of senior housing projects they were most likely to finance in the future. Sources "The big picture," Robert L. Mollica, State Assisted Living Policy: 1998, and Catherine Hawes, A National Study of Assisted Living for the 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. (1999). "The going rate," National Center for Assisted Living (NCAL NCAL Northern California NCAL National Center on Adult Literacy NCAL National Center for Assisted Living ), The Assisted Living Sourcebook, 1998 "What's included," ALFA and PricewaterhouseCoopers, Overview "A seller's market." American Seniors Housing Association, Investment Trends in the Seniors Housing Industry, 1999 Edition "Adding Alzheimer's," Assisted Living Federation of America (ALFA) and PricewaterhouseCoopers, 1999 Overview of the Assisted Living Industry (Note: Nearly 77 percent of the people surveyed for the Overview were part of organizations with 10 or more facilities.) "Fill 'er up," ALFA and PricewaterhouseCoopers, Overview "The cost of construction," Seniors Housing Statistical Digest Digest: see Corpus Juris Civilis. (1) A compilation of all the traffic on a news group or mailing list. Digests can be daily or weekly. (2) Any compilation or summary. , 1999-2000, American Seniors Housing Association (ASHA) and the Herman/Turner Group "Leader of the pack," American Seniors Housing Association (ASHA), Seniors Housing Construction Report, 1999 "Strength in numbers in numbered parts; as, a book published in numbers. See also: Number ," NCAL Sourcebook 1998 "Industry snapshot (1) A saved copy of memory including the contents of all memory bytes, hardware registers and status indicators. It is periodically taken in order to restore the system in the event of failure. (2) A saved copy of a file before it is updated. ," ALFA and PricewaterhouseCoopers, Overview "From sea to shining sea," ASHA Seniors Housing Construction Report, 1999 "Who's your market?" ALFA and PricewaterhouseCoopers, Overview "The name game," Robert L. Mollica, 1999 Overview "Taking their lumps" Raymond James  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . & Associates Inc. St. Petersburg, Florida St. Petersburg (often shortened to St. Pete) is a city in Pinellas County, Florida, United States. The city is known as a vacation destination for North American and European vacationers, as well as a politically important battleground in U.S. Presidential politics. "The good news" National Investment Center for the Seniors Housing & Care Industries, Lender & Investor Survey, 1998 |
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