Senior Living Providers Turn Upbeat on Labor, Show Potential for ‘Disruptive’ Operational Improvement

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For the first time in a long time, I am hearing general optimism about the senior living labor market.

Owners and operators have expressed this optimism in conversations I had at the ASHA conference, in recent presentations from public companies, and in reporting that we’ve done for Senior Housing News stories.

Some of the momentum stems from factors beyond providers’ control. With the holiday season and the peak of omicron now past, agency use — and costs — have come down notably from the previous two quarters. And the Fed’s aggressive interest rate hike suggests that labor markets might soon cool, lessening wage pressure and competition for workers.

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