LivingPath

📊 Understanding competitive pricing in today’s senior living market is crucial! Not only does it help you make more informed decisions, but it also allows you to stay ahead in delivering value to residents and families. That’s where our partner LivingPath comes in! With Living Path, you gain access to a la carte options or monthly reports that provide critical pricing insights. Whether you're planning for future growth or evaluating your current position, Living Path offers the data you need to make the right choices for your community. Stay competitive, stay informed, and give your residents the best value. 🔍 Take control of your pricing strategy with Living Path! #SeniorLiving #PricingStrategy #MarketInsights #LivingPath

In an analysis of pricing data from 1,649 senior living communities — independent living, assisted living and memory care — Chicago-based LivingPath found that resident rental rates are increasing 20% to 30% less quickly this year compared with speed in the past two years.

In an analysis of aggregated pricing data from 1,700 communities, LivingPath, an online platform that collects and provides data on senior housing communities, found that rates are rising 20% to 30% less quickly in 2024 compared to 2023 and 2022. “There is a lagging catch-up still going on to match resident rates with staffing costs, even though wages have not increased materially in most markets since last year,” LivingPath CEO Jonathan Woodrow told Senior Housing News.

LivingPath is proud to release our free Q1 National Senior Living Rate Report, which aggregates detailed pricing data across nearly 225,000 units and 1,700 communities. Click the link below to automatically access (no email required) and shoot me a DM if you want an excel copy. https://lnkd.in/gs85gTFS

Among nurses who work in hospitals, just 15 percent plan to stay in their current role this year. The other 85 percent plan to look for work elsewhere, including in per-diem roles or as travel nurses. 44% of the 3.1m RN job listings are for agency roles.

Great visual from last week's National Investment Center for Seniors Housing & Care (NIC) Q1 review displaying the post-covid senior living occupancy recovery and ongoing bifurcation between the 60-65% of performing assets and the rest of the market. What this does not show is how much more challenging current conditions are for the other 35-40% of the vs pre-covid given increased borrowing costs and pressure in the labor market. And the physical plant of those assets is another 4 years older.

LivingPath looks forward to attending next week's National Investment Center for Seniors Housing & Care (NIC) Spring Conference in Dallas. Please drop us a note to connect there. Book an appointment: https://lnkd.in/gTS98sJ2

How are senior living operators differentiating their roles compared to other employers like health systems in order to attract top talent? It isn't the pay. Data in this feature from our friends at Aspen Technology Labs, Inc. shows Johns Hopkins Medicine offering a $10/hr premium for RNs vs Erickson Senior Living in the Baltimore MSA. Curious to hear any perspective on this from talent acquisition leaders.