Home Care Costs Continue To Increase, Outpacing Other Long-Term Care Settings

The pricing increases in home care have again outpaced other long-term care sectors, according to Genworth’s (NYSE: GNW) annual cost of care report. The cost-of-care hikes have been consistent over the last few years, forcing providers to raise rates and consider diversifying into other payer sources outside of private pay.  In 2023, the cost of […]

Long-Term Care Entrepreneur Tim Peck Launches New Venture Within Genworth

Tim Peck – a serial entrepreneur in the senior services space – has a new venture. What’s specifically of note about this one: It’s being launched within the massive long-term care insurance company Genworth (NYSE: GNW). The new, unnamed startup is a wholly owned Genworth business that will operate within a “global care solutions” business. […]

Lifesprk Venture Reduces Health System Readmissions, Adds Innovator Bill Thomas

When Homespire launched in May, the goal of the new private-duty home care model was simple: Use an in-home approach to cut health care costs, reduce rehospitalization rates and prevent emergency room visits for Utah’s rapidly aging population. Six months later, the joint venture between Intermountain Healthcare and Lifesprk is already reaching key benchmarks, most […]

Worker Shortages, Dementia Prevalence Driving Rising Cost for In-Home Care

A shortage of skilled workers, higher minimum wages, confusing regulations and a greater incidence of Alzheimer’s disease and dementia are all causing the cost of in-home care to rise, though not as fast as those in other long-term care sectors. Between 2017 and 2018, the annual median cost for a home health aide increased 2.33% […]

Utah Seniors Reside in Top-Ranked State for Aging

Seniors that reside in Utah may relish in the fact that the state is considered the best state to age in, according to Caring.com’s “2017 Best and Worst States to Grow Old” report. The website ranks states according to various factors, including senior living community reviews, nursing home costs and elderly well-being assessments, according to the […]

These Are The Best States For Retirement

When it comes to deciding where to retire, retirees look at many different factors including affordability, quality of life and health care. The majority of people want to age in place, so the cost of homemaker services was another aspect that contributed to the overall rankings for each state, according to WalletHub’s Best & Worst […]

Top 10 States for Seniors’ Well-Being

Hawaii not only is a great vacation destination, but a prime location for seniors to settle down: the Aloha State has again ranked as the best state for senior well-being in an annual list from Gallup-Healthways. Arizona follows at No. 2, but this year’s list is not dominated by warm-weather havens. Alaska and some Midwestern […]

Best Locations to Age Well in the U.S.

Americans deciding where to spend their over-55 years shouldn’t choose a state based solely on the promise of sunny, warm weather. In fact, they should set their sights on the sometimes cold and gloomy Midwest. That’s because South Dakota is the best state in the country in which to grow old, according to a new […]