| Boom
expected in assisted living
 There
are many elderly people in our society who need
assistance with some basic daily tasks but refuse
to give up living a somewhat independent lifestyle.
Still in its infancy, assisted living provides
senior citizens the opportunity to live in a semi-independent
environment. This sector of the healthcare industry
is going to explode in the next 10 to 20 years
due to the large number of baby boomers headed
toward their golden years. With such an enormous
customer base expected and the growing need for
care alternatives for more independent seniors,
the industry will also experience a giant wave
of employment opportunities in a variety of fields.
Assisted
living is housing plus supportive services for
adults who are not safe living independently.
Services include meals, supervision and overseeing
everyday life tasks such as dressing, bathing,
eating and administering medication. It is quite
different from other senior services such as nursing
homes. "This service offers less activity than
an independent facility but more so than a nursing
home," explains Jeff DeBevec, director of marketing
with Houston-based Belmont Village. "Most residents
are mobile, some have wheelchairs, some have walkers;
they are healthy but frail." Loneliness is a big
issue for many elderly people, which is why assisted
living provides a community environment where
life is maintenance-free. Most communities provide
residents with activities such as arts and crafts
and even computer programming courses.
According
to the Assisted Living Federation of America (ALFA),
there are currently an estimated 27,277 assisted
living communities across the country. Tons of
baby boomers are expected to reach the age of
65 during the period between 2010 and 2030. By
2030 there will be twice as many people 65 and
older (70 million) as there are today, setting
the stage for the industry to reach its full potential.
ALFA's
study, Overview 2000, highlights some interesting
trends taking place in this industry: The average
occupancy of assisted living residences increased
to 91.5 percent in 1999 compared to 90.4 percent
in 1998. Approximately 52.2 percent of the residents
were reported to have some level of Alzheimer's
disease or dementia impairment.
Although
many assisted living residences do not give medical
care on site, changes are starting to take place.
A growing number of facilities have nurses on
staff. "Assisted living today does give a lot
of [medical] care," says Stella Mora Henry, co-owner
and co-administrator for Culver City, Calif.-based
Vista de Sol Health Services. "People need to
take different medication, have insulin shots
administered; they don't have to be moved to other
facilities for these services."
Job
opportunities for medical professionals are plentiful
in this sector. Unfortunately, there has been
a critical shortage of registered nurses (RNs)
in the past few years. Just like every other area
of the healthcare industry, assisted living facilities
are in desperate need of RNs as well as licensed
practical nurses (LPNs) and nurse aides. "There
are several reasons as to why there is such a
shortage," Henry explains. "Many women have decided
to stay home with their kids instead of work,
others have decided to work in home healthcare
where the hours may be more flexible and there
are many people that don't like working with the
elderly." The shortage is expected to get worse
before it gets better. According to Vanderbilt
University researchers Peter Buerhaus and Douglas
Staiger, by the year 2020, the nation will have
20 percent fewer RNs than it needs. The demand
is so great that these professionals are being
offered signing bonuses, tuition and student-loan
reimbursement. A 1999 salary survey by WageWeb
reports that the average salary for nurses is
$44,484.
Many
facilities do not have a dietitian on staff; however,
they are still in high demand. Clinical dietitians
assess patients' nutritional needs, develop and
implement nutrition programs, and evaluate and
report results; and in some instances they may
also manage the food-service department. With
the number of elderly people on the rise, opportunities
in this field should increase. However, many companies
have and will continue to substitute other workers
such as food-service managers. According to WageWeb's
1999 survey, dietitians earn an average salary
of $40,398 annually.
Other
jobs in demand include activity and learning coordinators,
who keep the residents active through different
courses such as art and computers; administrative
assistants; directors of clinical/wellness services;
human resource professionals; marketing directors;
and sales representatives. Because the demand
for these professionals is national, professionals
can consider relocating to either a small town
or big city for employment opportunities. Potential
earnings for professionals in these and other
fields vary. For example, ALFA reports that human
resources managers can earn anywhere from approximately
$35,000 to $64,000. The director of clinical/wellness
services can collect a salary ranging from approximately
$60,000 to $80,000.
The
outlook for this industry is bright, considering
the biggest asset is the increasing number of
residents. However, ALFA's report notes that the
competitor to be watchful of in the future is
the condominium industry. Condos have become alternatives
for "affluent" senior citizens. Some of the larger
developers of condos are starting to offer basic
health services to certain residents. In the meantime,
this sector will continue to thrive, bringing
along a wide range of career options for today's
healthcare professional. - SHERRI PFEIL, Staff
Writer
Top
Companies
ARV
Assisted Living Inc.
www.arvi.com
This Los Angeles-based company operates approximately
60 assisted living facilities in 10 states including
California. The firm owns 15 of the facilities
and leases or manages the rest. Services include
housekeeping assistance, medication management
and a wellness program.
Beverly
Enterprises Inc.
www.beverlynet.com
The Fort Smith, Ark.-based organization not only
operates assisted living centers, which generate
90 percent of the company's revenues, but nursing
homes, outpatient therapy clinics and home-healthcare
centers.
Sunrise
Assisted Living Inc.
www.sunrise-al.com
The company operates about 150 facilities in 23
states, mostly on the East Coast, in the industrial
Midwest and California, as well as one in the
United Kingdom. This McLean, Va.-based business
has more than 60 projects in development.
American
Retirement Corp.
www.arclp.com
American Retirement, based in Brentwood, Tenn.,
offers independent and assisted living, skilled
nursing and healthcare for the elderly and those
with Alzheimer's disease. It runs more than 50
senior living communities in 15 states.
Greenbriar
Corp.
www.greenbriar.com
This Addison, Texas, company, formerly known as
Medical Resource Companies of America, operates
about 30 assisted and full-service independent
living centers for senior citizens in 11 states.
Capital
Senior Living Corp.
www.capitalsenior.com
The Dallas-based firm owns or manages approximately
40 senior residential properties in about 20 states
throughout the United States. The company not
only provides assisted living, but independent
livingand nursing services as well.
Balanced
Care Corp.
www.balancedcare.com
The Mechanicsburg, Pa.-based business offers assisted
living services to nonurban areas in places such
as Arkansas, Indiana, Florida, Ohio and West Virginia.
The 65 facilities provide 24-hour personal support
services to residents.
Assisted
Living Concepts
www.alcco.com
The Portland, Ore.-based company operates residences
for seniors who do not need full-time nursing
care. It runs about 175 assisted living centers
in 16 states. This firm is targeting Medicaid
and private-pay clients in communities with populations
of 10,000 to 40,000.
Marriott
Senior Living Services
www.marriot.com
Known as the top lodging company in the world,
the firm also offers other services including
assisted living. The Bethesda, Md.-based company
has more than 150 properties serving more than
25,000 residents nationwide.
Life
Care Centers of America
www.lcca.com
The Cleveland, Tenn.-based company is a privately
owned operator of retirement and healthcare centers.
The company manages more than 200 facilities in
28 states, including retirement communities, assisted
living facilities and nursing homes, and provides
home healthcare as well.
Source:
Hoover's Online

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