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?..
In a trend expected to continue over the next few decades, Americans are getting older and living longer. The senior living industry will be hit hard with the increasing elder population. Here are a few of the issues and trends they will see.
Census Bureau projections anticipate that the over sixty-five age group will increase by nearly five million to almost 40 million. Even more astounding, it is expected to double to 70 million by 2030. The over 85 age..
Americans are living longer with every decade. This is great news right? More golden years of retirement? While a longer life span can be a great gift, it also comes with increased health complications that can inhibit older adults’ independence in their last years of life.
The average life expectancy for Americans has risen from 75.2 years in 1990 to 78.2 years in 2010. Most of the gain in U.S. life expectancy was attributed to a better management..
Hospitalizing nursing homes residents can cause anxiety, discomfort and excess healthcare costs that have a detrimental effect on not only the patient but their loved ones. And it isn’t always necessary. One study published in the Journal of the American Geriatrics Society found that 67% of hospitalizations were rated as potentially avoidable in the study.
Taking a proactive stance to prevent unnecessary hospitalization could achieve a better quality of care for nursing home residents overall. Below is a..