Although residents don’t think of themselves as investors, we do have an investment in Pennswood. There are also other investors who provide the capital behind bonds and other debt instruments that Pennswood and other senior living enterprises require. This article discusses the risks and rewards as seen by traditional bond investors. Unless regulations dictate otherwise, […]
Investors See Risk in Senior Housing Read More »
There are four things that ought to concern residents about their CCRC’s finances. Typically, presentations to residents focus on only one of these – operating income and expenses. It would seem important that residents be prepared to ask questions about the other three areas. Thus: Each resident enters into a long-term contract with Pennswood Village.
One Page About CCRC Residents and Their Community’s Finances Read More »
I’m sure you have seen this article from the last AARP Bulletin, but I’m wondering if this is something the Eldercare Discussion Group would be interested in discussing or possibly in lobbying for inclusion of some of the transparency and disclosure issues we’ve been wrestling with. I mentioned the article to Lynn Waymon this evening,
Master Plan for Aging Read More »
At Tuesday’s Fireside Chat meeting, it was announced that the CEO and other executives of St. Mary Hospital would visit Pennswood to address concerns about the quality of care. In recent regional hospital rankings, St. Mary has not earned a top rating. In addition, there have been unfavorable anecdotal reports. Criticisms may or may not
Allaying Concerns About St. Mary Hospital Read More »
Three letters have been sent following our discussions at the recent meeting. They are reproduced below with a brief narrative introduction. Subscribers are encouraged to comment on this post. Answers to Financial Questions Dan Seeger reiterated his request to Tim McQuaid for a follow-up meeting to clarify and explain the brief responses made at the
Our April agenda included the results of Newsweek Magazines ranking of CCRCs. These rankings seemed seriously flawed to many because highly ranked facilities include some that are in bankruptcy putting residents at risk. Those who shopped before choosing Pennswood know that comparisons are complex and tricky. Those interested in exploring the issue of Newsweek’s ranking of
When the stakes are high and emotions are in play, collaboration can be difficult and seem messy. Members of our discussion group are deeply concerned for the future of our community and intensely committed to the success of the strategic planning effort that was midway at the beginning of the year. Those concerns needed to
At a recent meeting, members of the community reacted to a new policy concerning charges for using Pennswood facilities for memorial services. The discussion centered not just on the policy of charging the family of the deceased member or the estate but also on the manner in which it was created. It was unilaterally declared,
About “Controversy” Read More »
I asked Chat-GPT for basic instructions; here is the work product. Please feel free to post questions or comments.
Google Groups Instructions Read More »
Two years ago the Issues, Trends, and Governance in Eldercare Committee pondered its goals and priorities and produced a draft statement. Nancy Morrill retrieved a copy of the draft to inform our present thinking. The document below is offered to spark comments and discussion. Readers are invited to respond using the comment space below the
Rethinking EIDG Goals Read More »
