Seniors Housing Weekly Update -- A Rating for Seniors Housing Communities

February 12, 2013


 

February 12, 2013. 60 Seconds with Steve Monroe. Anything positive helps a senior living community increase traffic, so why not a top rating?

A Rating for Seniors Housing Communities

What’s in a rating? For the U.S. government, it means everything. And for Standard & Poor’s, the only rating agency to downgrade the federal debt in the summer of 2011, it has meant headaches and now, major litigation from the feds. In seniors housing, where, believe it or not, many people still don’t know the difference between assisted living, a CCRC and sometimes even skilled nursing, a rating of a community, together with reviews, can be a first step when looking around for a new home for mom. I am talking about Caring.com, and its five star ratings of assisted living and memory care communities, which is not to be confused with CMS’s five star rating system for skilled nursing. Based on consumer ratings and reviews, only 383 communities were listed as “Caring Star Communities.” And if you don’t think the big boys believe this to be important, Brookdale Senior Living had 53 of these top-rated communities, and Emeritus had 48. When occupancy and your financial health are key, having a top rating can be very important. Just ask the U.S. Treasury Department.

 

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How does a facility get a rating?

Every thing I read is referring to Assisted Living, not PCH. Yet with DPW new definitions and regulations of assisted living and personal care, there is a difference.

Senior Care Provider Reviews and Ratings

I completely agree there is confusion all around the subject of ratings. My partner and I recently launched www.GoldenReviews.com with a mission to improve senior care in the USA with instant transparency via reviews. Exciting to see wonderful articles such as this one embracing our cause.

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