An article from AssistedLivingFacilities.org suggests that the slowly recovering economy has helped fuel growth in assisted living.Per the piece, a report from earlier this year showed a decrease in profits and an increase in the number of closings or buy-outs for most assisted living communities. However, recent economic growth, minimal as it may be, has seeped into the assisted living sector in the form of increased profits, more state and federal grants, and an uptick in other types of support (such as an increase in approved Medicare and Medicaid claims for assisted living costs).
Other benefits of expansion in assisted living include job growth, as each new and currently operating facility must recruit and maintain a large staff complement, and a boost in the local economy thanks to the trend towards “green” construction. According to the article, “green building helps the local environment, and the government subsidizes green efforts. These subsidies are often spent on local workers or goods, which, again help the economy.”
To read more of the Seniors for Living article. Looking for a career in the health industry working with seniors? Check out We Care Online's classes: http://wecareonlineclasses.com/
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