Senior living trends reflect “Silver Tsunami”

A Silver Tsunami is about to hit the United states as the leading edge of the Baby Boomer generation starts to turn 72 in 2018, according to the 2018 Senior Living Trends report issued by CliftonLarsonAllen.

The report shows that aging in place is the preferred option for most seniors, which will shift the types of services and supports needed. The preference of seniors to remain at home will put a new focus on telehealth services, transportation and community-based programs to enhance social interactions and overall wellness.

Workforce pressures in post-acute care facilities is a continuing trend, both in direct care services as well as in top level management positions. A recent executive compensation study found that 40 percent of 105 CEOs surveyed will turn 65 within the next five years. Other trends noted included the shift to risk sharing and the use of predictive analytics for improving margins and overall population health.