by hospicekeys | Apr 6, 2025 | Blog, Keys to Compassionate Care
The Cost of Care: How Senior Living Is Reinventing Itself Under Wage Pressure
Rising wages, workforce shortages, and aging demographics are pushing the senior living industry toward a crossroads. Labor costs already make up over 60% of expenses—and state mandates like California’s $25/hr minimum wage for healthcare workers are setting a new baseline. Yet, forward-thinking operators aren’t just trimming costs—they’re transforming how care is delivered.
From AI-driven documentation and predictive analytics to flexible staffing models and tech-powered efficiency, senior living is stepping into its next era. Here’s how smart operators are not only surviving—but thriving.
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Read the full piece on what’s changing—and what it means for the future of care: https://tinyurl.com/39hmhsu6
by hospicekeys | Apr 6, 2025 | Hospice Research Articles
Abstract
And the Oscar, Emmy, BAFTA… goes to… is a phrase that exemplifies the prestigious professional and public recognition of achievement in television and film production. Each year, the various academies’ annual awards ceremonies identify, reward, celebrate and commemorate the best contributions to both the big and small screen industries, often with glittering and theatrical stage shows and occasional celebrity controversy.
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Link to article: https://tinyurl.com/mr7ub7yb
by hospicekeys | Apr 6, 2025 | Hospice Research Articles
Abstract
With an aging population, approximately 58 million people in the United States find themselves stepping into caregiving roles for others, especially as healthcare costs rise and facility-based care options become less accessible. Among these caregivers, Gen Z and Millennial individuals represent a significant, yet often overlooked, demographic. These younger
generations often balance caregiving responsibilities with other life demands, such as starting and developing their careers, completing their education, or raising young children. Understanding the unique challenges they face and the resources they require is crucial for shaping systems that support timely referrals, admissions and care.
While 100% of the Gen Z and Millennials who participated in this Transcend research have personal experience caring for a seriously ill family member or friend, 67% have directly been involved in making healthcare decisions for an aging adult or someone living with a serious illness in the past five years. This finding clearly demonstrates that the demands of caregivers are not exclusive to any one generation.
To ensure comprehensive support, home-based care organizations must shift their view and hone their strategies to connect with the distinct needs of caregivers from multiple generations. By doing so, organizations can offer more effective resources that enhance the overall impact of the care provided while building a strong reputation in the community with current and future healthcare decision-makers.
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Link to article: https://tinyurl.com/55yywd7h
