Press "Enter" to skip to content

Anthem CEO: Expense Pressures Will Force More Big Resident Rate Increases in 2023

The last year was big for resident rate increases, and Anthem Memory Care CEO Isaac Scott thinks 2023 will be similar for one reason: expenses.

When labor and other expenses spiked last year and into 2022, many operators hoped such cost increases would be transitory in nature. And as the industry stands on the precipice of 2023, many operators still have not returned to pre-pandemic margins despite occupancy approaching early 2020 levels.

.memberful-global-teaser-content p:last-child{
-webkit-mask-image: linear-gradient(180deg, #000 0%, transparent);
mask-image: linear-gradient(180deg, #000 0%, transparent);
}

function memberfulTrackingData(parameters) {
const queryString = window.location.search;
const urlParams = new URLSearchParams(queryString);
const utm_source = urlParams.get(‘utm_source’) || “”;
const utm_medium = urlParams.get(‘utm_medium’) || “”;
const utm_campaign = urlParams.get(‘utm_campaign’) || “”;
parameters.pageTitle = document.title;
parameters.utm_source=utm_source;
parameters.utm_medium=utm_medium;
parameters.utm_campaign = utm_campaign;
return parameters;
}

Sign up for SHN + to read this exclusive content.

Individual Membership
$400 per year

Purchase

Group
2–5 members
$360 per year*

Purchase

Need more than 5 members? Contact us for more information.

* per member

Already a member?

The post Anthem CEO: Expense Pressures Will Force More Big Resident Rate Increases in 2023 appeared first on Senior Housing News.

Source: For the full article please visit Senior Housing News

Be First to Comment

    Leave a Reply