In one of few studies of its kind, Cleary Gull reported the findings of its annual senior living study focusing on the investment practices of senior living organizations. In general, average allocation moved toward fixed income and cash. Top concerns for the future are market volatility, interest rates, and international turmoil. Fewer participants than last year expect average annual returns to increase in the three-to-five-period. Cleary Gull suggests a continued focus on diversification and strategic investment/finance committee alignment.
Source: Cleary Gull. Cleary Gull 2015 Senior Living Study Executive Summary
Dr. Atul Gawande is Next Avenue’s Influencer of the Year, leading a list of 50 top “thought leaders, innovators, writers, advocates, experts, and others [who] are changing how we age and think about aging.” Dr. Gawande’s book, Being Mortal: Medicine and What Matters in the End, and his push for patient-centered care has put him at the forefront of the conversation about America’s approach to aging and terminal illness.
Source: NextAvenue. 2015 Influencers in Aging
Twelve attorneys general have issued a court briefing asking the Supreme Court to review the extension by a lower court of national minimum wage and overtime protections for home care workers. Kansas Attorney General Derek Schmidt claims the financial burden on states to maintain Medicare-funded programming will ultimately prove too great and harm the citizens under its care. In essence, the attorneys general are recommending that home care workers remain exempt from the Fair Labor Standards Act. In addition to Kansas, the attorneys general on the brief are from Arizona, Arkansas, Georgia, Michigan, Nevada, North Dakota, Oklahoma, Texas, Utah, Wisconsin, and Wyoming.
Source: Home Health Care News. 12 States Urge Supreme Court to Overturn DOL Rule
Massachusetts’ largest health insurer is breaking new ground in end-of-life care benefits. A 2010 study found that 25% of all Medicare payments go toward the 5% of people in the last year of their lives. Blue Cross’s expanded options have the potential to both lower costs and better cater to patients’ end-of-life wishes with services like hospice and home care.
Source: Boston Globe. Blue Cross Expands Benefits for End-of-Life Care
One of the country’s largest alternative investment sponsors and asset management firms reached a $1.8 billion fundraising goal for its senior housing REIT this month. Northstar Healthcare invests primarily in senior housing and skilled nursing facilities, as well as in other healthcare property types, including medical office buildings, hospitals, and rehabilitation facilities.
Source: PR Newswire. NorthStar HealthCare Successfully Completes Offering