RKL’s Senior Living Services Consulting Group was well represented at the nation’s largest annual conference for non-profit aging services providers earlier this month. Four RKL Senior Living professionals traveled to Boston to attend the Annual Meeting and Expo of LeadingAge, an association of 6,000 non-profit organizations dedicated to expanding the world of possibilities for aging.
For Jeff Boland, Partner and Senior Living Services Group Leader, Stephanie Kessler, Partner, and managers Tracy Montag and Jamie Spencer, the conference was a chance to showcase RKL’s Senior Living Consulting expertise to the 10,000 attendees and connect with a wide variety of professionals who participate in the aging services industry.
The conference’s more than 150 educational sessions focused on a variety of issues related to the rapidly changing landscape of senior living services. There has been a recent shift towards aging in place, and conference attendees learned how technology is playing a major role in this transformation. In-home care is increasingly replacing traditional facility-based nursing services, and payment models across the board are evolving. Data and a focus on quality outcomes are becoming larger factors in payment for services, with traditional fee-for-service reimbursements taking a back seat to payments based on outcomes of care. The goal is to provide better and more coordinated care across providers while reducing costs on the system as a whole.
As the baby boomers enter retirement, the industry is shifting to meet the evolving preferences of this generation. Unlike their parents’ generation, baby boomers prefer to maintain as active a lifestyle as possible as they age, with a plan in place to address future health and accommodation needs. To reflect this change, LeadingAge announced during the conference that communities providing a continuum of care (Independent Living, Assisted Living, and Skilled Nursing Care) would now be referred to as Life Plan Community (LPC) instead of the familiar Continuing Care Retirement Community (CCRC). Reactions from conference attendees appeared to be mixed, and it will be interesting to see how the industry handles the implementation of this new nomenclature.
Between networking opportunities and increased visibility, RKL’s Senior Living team came away from the conference equipped with the latest industry trends and knowledge to address the increasingly complex operational and strategic challenges faced by their clients. Learn more about how RKL helps position retirement communities and long-term care facilities for sustainable success.