{"id":17282,"date":"2017-02-14T05:00:14","date_gmt":"2017-02-14T13:00:14","guid":{"rendered":"http:\/\/www.yardi.com\/blog\/?p=17282"},"modified":"2026-02-22T15:33:49","modified_gmt":"2026-02-22T23:33:49","slug":"senior-living-trends-for-2017","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/senior-living-trends-for-2017\/","title":{"rendered":"Senior Living Trends"},"content":{"rendered":"

As the year begins and a new administration takes office, senior housing providers are ge\"shutterstock_388038598\"aring up for change. While a certain amount of anxiety is to be expected, according to George Yedinak from Senior Housing News<\/a>, many of the developments that will take place over the next twelve months merely build upon preexisting circumstances.<\/p>\n

\u201cWhile operators, owners, and others will be reacting to possibly dramatic changes,\u201d he writes, \u201csome senior living issues that have been top of mind for years show no signs of abating.\u201d<\/p>\n

Occupancy and Oversupply<\/strong><\/p>\n

According to the National Investment Center for Seniors Housing and Care<\/a>, nursing home occupancy remained flat through the end of 2016 even as the number of units in development continued to rise. That trend<\/a> will likely continue across all types of senior care well into 2017. With the pool of potential residents unable to match supply, even well-established providers may find themselves \u201cprotecting their turf.\u201d<\/p>\n

\u201cNew supply could affect everything from rents to marketing budgets and wages,\u201d writes Yedinak. \u201cDevelopers looking to build, or buyers on the hunt for good opportunities, will feel even more pressure to judge the supply-demand forces in a given market.\u201d<\/p>\n

Although consumer purchasing power has steadily increased over the last year, increasing pressure from new supply will undermine rent escalation. As a result, says Yedinak, any rent increases in competitive markets will likely hover around two to three percent rather than the standard three to four percent.<\/p>\n

\u201cGetting rents right will be even more of a balancing act than usual in 2017,\u201d he warns, adding that operators should be aware of the \u201csteady drumbeat within the industry to cease discounting altogether and increase pricing transparency, to meet consumer expectations.\u201d<\/p>\n

Staffing Shortfalls<\/strong><\/p>\n

For the last few years, workforce woes have plagued senior living providers who have struggled to fill vacancies from the boardroom to the nurses\u2019 station. Minimum wage increases and already tight labor markets are making it harder than ever to court top talent. While Yedinak admits anticipated adjustments to some Labor Department mandates \u2013 like expansion of overtime pay \u2013 could offer some relief, he\u2019s quick to point out that providers will need to be proactive if they want to lure, and retain, top talent. That means enhanced benefit packages and other employee-friendly initiatives.<\/p>\n

\u201cExpect the battle for top talent to be brutal and costly,\u201d predicts Yedinak. \u201cThe need for workers [is] only going to increase in the coming years.\u201d<\/p>\n

\u201cForward-thinking providers will keep looking for creative ways to fill workforce gaps.\u201d<\/p>\n

Data in Demand<\/strong><\/p>\n

Many senior living providers have been investing in technology for years, and according to Yedinak, they are finally starting to see those investments pay off, especially when it comes to data management. The ability to access information from all aspects of a community\u2019s operations \u2013 from accounting to medication management \u2013allows providers to measure the effectiveness of their policies. These tech savvy providers are able to use data analytics to make more informed business management decisions. This translates into more effective sales and marketing strategies, improved budgeting and expense management, and more responsive and individually tailored care for residents.<\/p>\n

\u201cAll of these metrics are working to help senior living providers become more efficient, and provide better care in an optimum way,\u201d writes Yedinak.<\/p>\n

An EHR Future<\/strong><\/p>\n

For Yedinak, the adoption of electronic health records by many providers serves as a prime example of how technology is altering the landscape of senior healthcare. Tracking wellness data, including medication management and caregiver observations, helps providers improve operational efficiency and free staff to spend more time with patients. The result is a higher level of care with fewer errors and happier residents.<\/p>\n

\u201cBy offering a consistent system to track resident health and wellness, the EHR is a one-stop shop for resident data,\u201d writes Yedinak.<\/p>\n

\u201cMeasurement of all aspects of senior living is becoming paramount in today\u2019s competitive environment,\u201d he concludes.<\/p>\n

Yardi\u2019s Senior Living Suite delivers an integrated software solution specifically designed for the senior living industry. From EHR to accounting, the Senior Living Suite increases staff efficiency, manages workflows and improves resident care services. Whether the challenge is occupancy, staffing or data management, the Senior Living Suite has the tools to help senior living providers navigate any challenges that lie ahead.<\/p>\n

Learn more about how the Yardi Senior Living Suite<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Though uncertainty abounds, according to Senior Housing News, the trends and concerns set to dominate the senior living industry in 2017 are nothing new.<\/p>\n","protected":false},"author":103,"featured_media":17293,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,2952],"tags":[1023,1417,1666,27,842,1744,510],"class_list":["post-17282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-senior-living","tag-ehr","tag-senior-care","tag-senior-citizens","tag-senior-housing","tag-senior-living","tag-senior-living-investment","tag-yardi-senior-housing-solutions"],"acf":[],"yoast_head":"\nYardi Blog<\/title>\n<meta name=\"description\" content=\"Though uncertainty abounds, according to Senior Housing News, the trends and concerns set to dominate the senior living industry in 2017 are nothing new.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Senior Living Trends\" \/>\n<meta property=\"og:description\" content=\"Though uncertainty abounds, according to Senior Housing News, the trends and concerns set to dominate the senior living industry in 2017 are nothing new.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardi.com\/blog\/senior-living-trends-for-2017\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Blog\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-14T13:00:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-22T23:33:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2017\/02\/shutterstock_388038598.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Cutright Elizabeth\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cutright Elizabeth\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.yardi.com\/blog\/senior-living-trends-for-2017\/\",\"url\":\"https:\/\/www.yardi.com\/blog\/senior-living-trends-for-2017\/\",\"name\":\"Senior Living Trends - 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