According to the June 2013 Privacy Rights Clearinghouse report, since 2005, 25% of data breaches have been in the healthcare sector, exposing a total of 24,684,825 records. Most people think of nursing home liability risks consisting of Workers Compensation claims and resident injury risks. While nursing home liability risks certainly do include these types of claims, an often overlooked liability exposure in the senior living and healthcare industry is in the area of data security and privacy. The healthcare industry is expected..
The U.S. population is aging as the baby boomer generation reaches senior citizen status. Some experts project that the number of frail elderly will triple or quadruple in the next 30 years. While technical medical advances continue to increase life expectancies, hospitals as a consequence lack the bed capacity for the ill and are often forced to discharge their patients early. As a result, as the number of senior citizens living with severe and debilitating illnesses increase, so too will the..
When potential nursing home residents and their families are looking into an assisted living facility to best suit their needs, they typically look at factors such as the facility’s proximity to friends and family, the status and happiness of current residents, staff-to-patient ratio, and the overall condition of the facility. The following qualities are likely to help your facility stand out as a good nursing home.
Respect. Nursing home staff should be friendly, caring and supportive..
According to a recent American Medical Association report, on average there are 95 medical liability claims filed for every 100 physicians in the U.S. This increase was found to affect some areas of practice more than others, however senior healthcare presents unique liabilities. Medical errors occur when something that was planned as part of a patient’s medical care done not work out, or when the wrong plan was used in the first place. This gets tricky..
Paul Marshall Recruited from American Safety Insurance
K&B Underwriters, a national insurance Program Administrator and wholesale brokerage serving agents and brokers for senior living facilities, today announced it has named Paul Marshall as Director of Senior Living Programs. Marshall has 23 years of experience in the insurance industry, largely focused on Long-Term Care and Healthcare Professional liability (LTCHPL) insurance.
“Paul has worked in all aspects of the senior care business, from retail sales to underwriting, program administration to risk management, and is an industry-recognized specialty insurance authority,” said Bryan Baird, President of K&B Underwriters. “His experience is a perfect marriage of senior living sales and senior living facility Professional Liability expertise, and we’re fortunate to..
When it comes to running or managing an assisted living facility such as a nursing home, there are many factors to take into consideration. There are a number of financial and insurance needs to be met, as well as risk management factors to keep in mind. Most important though, is the care of your elderly residents, which includes protecting them from dangers.
A fire inside a nursing home can bring devastating loss to your facility,..
Nursing homes play a vital role in our communities today. As of 2009, people 65 years or older represented 12.9% of the U.S. population. It’s estimated by the Administration on Aging that by 2030, there will be about 72.1 million senior citizens. Nursing homes are becoming increasingly important, and their staff is expected to provide a high quality standard of care.
Many nursing homes are responding to changes..
The detrimental effects of ageism are particularly poignant in senior living homes. It can affect the quality of life, care and interactions with staff and family members. But research also indicates that it can affect seniors’ views of themselves.
Seniors face significant bias. While ageist stereotypes are influenced by several factors, many older adults are viewed as less competent. Older people are also consistently grouped with disabled and developmentally disabled individuals.
There are two issues with these ageist stereotypes...
Senior Living Insurance: Views on Aging
We’ve discussed ageism in previous blog posts. Views towards aging are a prevalent influence in how the senior population is viewed and treated. But how do individuals’ views on aging affect their own wishes? Conventional wisdom and pop culture indicates that we’d all like to live a little longer (immortality, the philosopher’s stone, etc.). But survey results indicate this may not be the case.
A national survey conducted by the Pew Research Center polled over 2,000 adults across the United States...
In a blog post a few months ago, we discussed a quandary in the senior living industry; how residences can provide seniors with dignified, high quality care while protecting themselves as a business against incurring costs from claims and exposures. From a business standpoint, it makes sense that senior living centers want to lower their bottom line and boost profits. So how do these two seemingly different goals of resident care and profits align?..