We’re excited to share all that’s new and improved in RentCafe Wellness, our senior living solution for managing wellness programs. At a glance, RentCafe Wellness helps you create online activity calendars, track resident attendance and so much more. Ready to explore the enhancements — all inspired by client feedback? See below for an overview of how RentCafe Wellness looks today: A glance at RentCafe Wellness RentCafe Wellness (part of the Yardi Senior Living Suite) gives you the tools to effectively manage your community wellness initiatives. With this dynamic solution, you can: Schedule activities Create digital calendars Enable online payments Keep families connected Empower staff How the solution looks today There are several enhancements to cover, but first things first, we’d like to thank our wonderful senior living clients for their thoughtful feedback on RentCafe Wellness. It’s helped us create a refreshed solution packed with new features and improved usability. Here’s a look at the latest functionality in RentCafe Wellness: Starting with digital calendars, which staff can easily create in RentCafe Wellness, there are evolved features like the ability to build reusable design templates. Calendar design templates can be used by a single community or several! Staff can also copy an existing calendar design with a single click to create a new variation. Once your calendar (or multiple calendars) is created, you can easily designate it by care level or zone. Want your calendars printed to disperse across the community? No problem! Staff can quickly print daily, weekly or monthly calendars by downloading them as PDFs or word documents. When it comes to scheduling and marketing activities, we’ve made it easier than ever. Staff can create multiple templates as the starting point for scheduling dozens of activities, whether they’re one-time or recurring. Speaking of those recurring activities, staff can save time by creating a series that auto-populates in any given calendar for upcoming months (setting a single date, a date range or for all future instances). They can transfer the previous month’s resident registrations into an upcoming calendar, too. Additional functionality includes the ability to set activity registration as optional or required, guests allowed or prospective residents welcomed, to name a few. You can also create monthly paid activities, allowing you to expand your organization’s revenue streams. Whether you host something offsite or invite local experts to provide paid services in your community, setting and collecting fees is straightforward. Every enhanced feature for managing activities helps staff reduce their administrative work — leading to more time spent engaging with residents. Benefits of a single connected solution We’ve covered snazzy features like building calendars and setting up activities, but another big differentiator with RentCafe Wellness is that it exists on a single, integrated platform. You’re gaining a complete wellness and activity management solution that connects with key elements of the Yardi Senior Living Suite. Thanks to direct integration with Voyager Senior Housing (which populates resident lists and property records), RentCafe Wellness automatically updates occupancy details when new residents move in, and when former residents move out. This real-time information sharing allows staff to easily manage resident registration, attendance and more. A connection with Yardi Payment Processing simplifies the entire workflow for paid activities. Activity charges are paid just like other community charges with a one-time monthly ACH, debit or credit card payment, or via autopay. Payments you collect — and your payments to vendors — will come through as part of the monthly payer statement. Residents and family members can conveniently submit their online payments via RentCafe Senior Living Portal. In addition to offering the convenience of online payments, RentCafe Senior Living Portal allows family members to see which activities residents are attending, and you have the option to allow family members to register for activities on a resident’s behalf. This helps families stay in the loop regarding their loved one’s health and wellbeing. As an added bonus, residents and families...
2023 Events & Tradeshows
In Senior Living
Wanting to fill your calendar with impactful senior living events? We have a roundup of recommendations that span throughout 2023, all of which offer a chance to network with senior living professionals. Keep reading for the list of events we recommend exploring this year: OLTCA/ORCA Together We Care Convention & Tradeshow First up is the OLTCA/ORCA Together We Care Convention & Tradeshow, taking place March 27-29 in Toronto. This in-person convention connects long term care and retirement community professionals, sparking conversations that are sure to challenge and inform all attendees. You can visit team Yardi at booth 308 — we’ll be excited to meet you and share more about the Yardi Senior Living Suite. Ready to get something on the books in advance? Schedule time to meet us at OLTCA/ORCA 2023. Texas Assisted Living Association Annual Conference & Tradeshow Save the date for the Texas Assisted Living Association Annual Conference & Tradeshow in Round Rock, Texas, on April 5-7. You’ll connect with assisted living leaders to share ideas, talk about industry updates and bond over lessons learned through recent challenges. Our team will be in attendance at booth 310 if you’d like to schedule time to connect! Argentum Senior Living Executive Conference The Argentum Senior Living Executive Conference is coming up as well, an annual gathering of thousands of senior living professionals, operators, owners, executives and community leaders. Set for May 8-10 in New Orleans, Louisiana, the conference is an empowering and educational experience. Not only are we sponsoring the registration, we’ll also have a presence at booth 3100. Reach out to get a meeting scheduled with team Yardi. Florida Senior Living Association Annual Conference Looking for a summer event? Head to the Florida Senior Living Association Annual Conference on June 25-28 in Boca Raton, Florida, for a chance to network with likeminded leaders. You can meet us at booth 38, but feel free to plan a meeting with us in advance. California Assisted Living Association Spring Conference & Trade Show We can’t forget the annual California Assisted Living Association Spring Conference & Trade Show, which features engaging, interactive learning sessions. This year’s Spring conference takes place June 5-7 in Sacramento, California. We’re pleased to sponsor the awards luncheon — and connect with attendees at booth 213! Be sure to stop by or contact us to connect prior to the show. California Assisted Living Association Fall Conference & Tradeshow If you plan to attend the CALA Spring Conference, make sure to mark your calendar for the California Assisted Living Association Fall Conference & Tradeshow too, taking place in Palm Springs, California, on November 6-8. We’ll have more details as the event gets closer, but we’re excited to sponsor the awards luncheon for this one. Oregon Healthcare Association Annual Convention & Trade Show Let’s talk about the Oregon Healthcare Association Annual Convention & Trade Show, which is hosted in Portland, Oregon. You can join professionals across the industry for an in-depth learning experience on September 19-20. We’re a proud co-sponsor of the awards program for this event. More details to come! See you at senior living events throughout 2023! Be sure to check our Yardi events page for the full list of events we’re attending this year. If you have questions in the meantime about our senior living management software, or you’re ready to schedule time to connect, don’t hesitate to reach out via the meeting links shared...
Investing in EHRs
Senior Living Study
It’s no secret that technology use is growing exponentially. Tech solutions are transforming the way various industries operate — including senior living — from EHRs to business intelligence tools. This ties into a recent Ziegler study, which examines 150 senior living organizations to learn how they’re using technology moving into 2023. With input gathered from CFOs, the study shares which solutions these organizations are implementing to meet today’s challenges. Read on for a quick snapshot of the study’s findings: Ziegler study reveals investments in EHRs The study — Ziegler CFO Hotline — gathers survey responses from CFOs across senior living. Ziegler presented various technologies relevant to the industry, and respondents were asked to identify which they’ve invested in over the last 12 months. Interestingly, the responses show a return to priorities of years prior to the COVID-19 pandemic. One of the top investments revealed was electronic health records — with 54% of respondents claiming they’ve invested in EHRs in the past year. When asked what they planned to invest in for the next 12 months, 31% of respondents pointed to EHRs as well. It’s no surprise given the major benefits EHRs bring to senior living organizations such as easing staff burden, empowering caregivers, mitigating risk, eliminating manual data-entry and more. Read the Ziegler study to gain further insights. Finding the EHR solution for you We know the world of technology is vast. Senior living organizations are faced with solutions left and right, and it can be challenging to determine how one differs from the next. That’s why we’ve created several resources that delve into our own solution, Yardi EHR, to show what makes it unique. At a glance, Yardi EHR is a full-service electronic health record solution that combines clinical intake processing, assessments, interoperability...
Celebrating Resident Artists
At Maplewood Senior Living
We couldn’t pass up the chance to feature a cool initiative from one of our senior living clients, an initiative focused on bringing residents’ passions to light. Shout out to Maplewood Senior Living for their blog series that highlights how residents are finding purpose and joy — including their recent post spotlighting their art-loving residents. Spotlighting Maplewood’s resident artists As mentioned in their post, Maplewood didn’t have to look far to find resident artists. From participating in daily art activities within their community to sparking creativity on their own, these residents bring some amazing designs to the table. Starting with Maplewood at Weston resident Judith Kohn, a talented individual who claims art rescued her during a difficult season of life. Inviting creations are spread across her apartment with pieces hung on walls, sitting on the furniture and even propped on the floors. With her strong love for art, it’s no surprise Judith has become one of Maplewood at Weston’s most active ambassadors. She’s been spreading her knowledge by teaching a monthly art class for other residents since moving to the community in July of 2022. At Maplewood’s newest community in New Jersey, Maplewood at Princeton, you’ll find resident Rosalyn Mass, who’s held a lifelong passion for the arts. She taught painting and drawing for seventeen years directly out of her home, working with children from different backgrounds and cultures. She later worked with a local library to have her students’ work exhibited, too. Quite impressively, Rosalyn never had any formal training — simply a natural talent and dedication to channeling her inner artist. Head to Maplewood’s blog post to see photos of both Judith and Rosalyn’s art pieces! Celebrating our senior living clients It’s always fun to share something joyful from our senior living clients and the residents they serve. We applaud Maplewood for celebrating their residents’ creativity — we love featuring initiatives like their blog series here on The Balance Sheet. Have questions about how Yardi works with clients like Maplewood? Get in touch with our senior living team...
EPCS In Senior Living...
Benefits of Electronic Prescribing
“In the midst of a growing drug overdose crisis exacerbated by the COVID-19 pandemic, clinicians’ use of prescription drug monitoring programs (PDMPs) and electronic prescribing of controlled substances (EPCS) technology is critical to improving opioid prescribing practices, informing treatment decisions and supporting safe and effective patient care. Recent efforts, such as mandating use of EPCS technology and integrating PDMPs into electronic health record (EHR) systems, aim to improve prescribing practices.” That information comes from a recent post by the Office of the National Coordinator for Health IT (ONC), which covers the importance of EPCS technology and PDMPs in today’s world. With relevance to the senior living industry, we’re highlighting the article’s key points and sharing how our EHR solution fits into the picture. Tracking the progress of PDMPs and EPCS technology Health care providers have historically relied on paper-based processes to prescribe controlled substances. But as shared by the ONC, we’ve made a lot of progress in shifting toward electronic prescribing in recent years. Reports show substantial growth in the use of EPCS systems due to DEA regulations — and state-mandated EPCS laws — with 71% of physician prescribers having used EPCS technology in 2021. Looking at PDMPs, there’s been a significant increase in usage as well. The article relays that one-third of prescribers now access a PDMP through their EHR system, compared to one-fifth in 2019. What are the benefits? So what are the benefits of electronic prescribing workflows? You can read the full article for all the insights, but in summary, the benefits of using EPCS technology and PDMPs is promising. Not only do these digital systems prevent data-entry errors, which in turn enhances resident safety, they also save time, streamline workflows and more. The largest benefit may be how they reduce...
Seniors Celebrate Love ...
Valentine's Day in Senior Living
Love was in the air across senior living communities this Valentine’s Day, including the communities of our amazing clients! So if you’re a fan of heartwarming stories, you’re in the right place. We hope you’ll take a moment to see how these communities made this love-filled day special. Valentine’s Day in senior living We’re loving how our senior living clients celebrated Valentine’s Day this year, whether they organized festive activities or celebrated resident lovebirds. From blogs to social media posts highlighting charming moments, we’re happy to be resharing it all: Pacifica Senior Living put together a blog post sharing how their communities celebrated Valentine’s Day — and they spotlighted the relationships their residents cherish. Take Joyce and Joanne from their Laguna Hills community, two sisters who have maintained a loving relationship since their early days. From attending nursing school together to now residing in the same Pacifica apartment, these two lovely ladies enjoy spending quality time together each day. Read the Pacifica post to learn about Joyce and Joanne, plus see more Valentine’s stories featuring Pacifica residents. At Maplewood Senior Living, one resident couple brought the Valentine’s Day spirit by reflecting on their lifetime of love. Residing in Maplewood at Princeton, residents Vicki and Marty have been together “forever” (as quoted by Vicki in Maplewood’s blog post). The post delves into their journey individually and as a couple — sharing everything that led them through decades of love. Read Maplewood’s post for all the feels, and to see then-and-now photos of Vicki and Marty. Continuing with the theme of long-lasting love, check out this video featuring Benchmark Senior Living residents. As shared on Benchmark’s LinkedIn, the video shows how residents Dave and Pauline celebrated 25 years together by renewing their vows. The two...
Meet Yardi Energy
For Senior Living
Did you know that by 2050, the total number of adults ages 65 and older is projected to rise to 85.7 million, roughly 20% of the U.S. population? Delivered by America’s Health Rankings, this data reveals the growth of the aging population (taking into account that we’re at 54 million seniors in the U.S. today). So how does this relate to senior living operators? Simply put, as the aging population continues to grow, the number of seniors residing in communities will likely increase. This affects more things than one, including energy consumption in these communities. More residents, expanding properties and increased services equals more energy use. And without technology built to monitor that consumption and identify areas for improvement, senior living operators face heightened costs. Fortunately, leading solutions like the Yardi Energy Suite equip you to reduce costs and enhance efficiency all while meeting state, county and local benchmarking regulations. We’re excited to show you around this single connected solution below, but you can view our Yardi Energy guide for even more insights. The rise in energy consumption As we’ve covered, with more seniors living in communities, energy consumption will naturally increase. But monitoring consumption — and strategizing ways to save energy and reduce costs — isn’t easy. That is, without technology to lend a hand. In fact, the average building wastes roughly one-third of the energy it consumes, according to the United States Environmental Protection Agency. This could be a result of not having the right solution in place to track consumption and identify savings opportunities. How to save Energy matters in senior living. With the right technology solution, you can save big time and boost efficiency all while meeting state, county and local benchmarking regulations (there are over 40 jurisdictions with mandatory...
Happy New Year!
Senior Living Stories
To ring in the new year among our senior living team, we’re doing one of our favorite posts — one that features our senior living clients! That is, we’re highlighting clients’ positive stories and celebrations from the 2022 holiday season. We hope these bits of magical, holiday wonder help you start the new year off with a smile. Holiday momentum in senior living At various Maplewood Senior Living communities, the holiday season was filled with creative activities for residents. We’re talking classics like wreath-making and Christmas tree decorating, all the way to an educational class on official White House ornaments. Maplewood also shared one community’s participation in a local holiday toy drive in which residents, families and staff donated to gift to children in need. You can find cheerful photos from each holiday event on Maplewood’s LinkedIn page. Benchmark Senior Living partook in quite a few holiday activities, too. You can see for yourself in this carousel of photos on Benchmark’s social media, which features things like community decorating and residents singing around the piano. Our personal favorite might be this compilation of holiday cookie recipes Benchmark shared, featuring their residents’ top picks. We may have to save these for baking year-round! Residents at a Watercrest Senior Living community enjoyed a holiday feast with loved ones this Christmas season, before heading for horse-drawn carriage rides. Did we mention hot cocoa and freshly-baked cookies were involved? There may not be any horses spotted in their social media collage, but you’ll see another surprise visitor (think red suit, white beard) enjoying the evening with residents. The community even did a second round of this event, pictured on LinkedIn as well. Tapping into the magic of Christmas Eve, check out this video shared by Brightview Senior Living,...
Fundraising With Care
Yardi Senior Living Clients
It’s never a bad time to spotlight positivity in the world, whether it be a kind gesture, a fundraising mission or even a community gathering. We always seek to share these moments from our senior living clients, and we have a roundup of recent stories that are positively inspiring. To our Yardi senior clients mentioned below and all others, thank you for making the world a better place! Pacifica & Brightview raise funds for Alzheimer’s Each year, Pacifica Senior Living partners with the Alzheimer’s Association to host fundraisers, charity events and educational seminars to raise awareness about memory loss conditions. Pacifica communities — including both staff members and residents — participate in these activities. In addition to spreading awareness through their 2022 events, Pacifica raised $67,435 in support of the Alzheimer’s Association. Pacifica also ranked among the top 30 national teams supporting the Alzheimer’s Association, and earned the team longevity award for supporting them for over five years. Pacifica shared the delightful news on their company blog, giving a special shout out to Pacifica Senior Living Paradise Valley for being the top fundraising community. A warm congrats to Pacifica for their efforts. For Brightview Senior Living, another dedicated Yardi client, supporting the mission of the Alzheimer’s Association is second nature. During October and November of this year, Brightview partnered with the association to partake in the walk to end Alzheimer’s, raising funds along the way. “Together, we’ve already raised over $135,000 to #EndAlz…and the year isn’t over yet,” shared Brightview on LinkedIn. $135,000 in raised funds and a dedication to raising awareness? That’s inspiring to say the least. Well done, Brightview! Watercrest hosts annual festival of trees fundraiser Holiday spirit is in full swing for Watercrest Senior Living, especially at their Winter Park community. They kicked off December with their annual festival of trees celebration, a fundraiser that supports the Advent Health Neuroscience Institute Parkinson’s and Movement Disorder Outreach. The festival includes a silent auction in which attendees bid on trees and other holiday items. It’s a lovely gathering that combines festive themes with an important mission, so kudos to all at Watercrest! Maplewood shares giving Tuesday mission In honor of giving Tuesday, taking place the week after Thanksgiving, Maplewood Senior Living shared their drive to give back. Inspired by their very own Maplewood Senior Living HEART Foundation, they encouraged all to consider the act of giving. “Our mission is to give support and financial help to Maplewood associates and their families who find themselves facing challenging times of unexpected, life-altering circumstance,” noted Maplewood on LinkedIn. This generous fundraising mission calls for recognition! Fantastic work by those at Maplewood. Nevada HAND celebrates employee giving campaign At Nevada HAND, giving back to their communities is of the utmost importance. That’s why they created their employee giving campaign and this year, the organization raised nearly $2,000 to make the campaign flourish. The initiative celebrates Nevada HAND’s incredible staff and the funds help provide life-enriching resources for residents. “We are so grateful for the hardworking, generous employees who make up our organization and truly believe in our mission,” shared Nevada HAND on LinkedIn. We love seeing our clients give back to their employees and residents — nicely done, Nevada HAND! Spreading positivity through the new year It’s great to see our senior living clients channel positivity and passion in creative ways, often partaking in fundraising efforts that change the world. Once again, a well-deserved congratulations to all for their inspiring efforts! We look forward to sharing more stories like these as we enter the new year. What’s inspiring you...
Channeling Diversity
Senior Living Survey
Advancing diversity, equity, inclusion and belonging (DEIB) is a focus for many senior living operators. And thanks to a recent survey conducted by the Senior Living DEIB Coalition, we can see how operators’ efforts look today. The report reveals where the industry stands in terms of diversity — and shares how organizations can drive positive change moving forward. Be sure to read more on the Senior Living DEIB Survey for all the insights, but we put together a summary to highlight the main takeaways: Survey reveals diversity efforts in senior living Previewed back in March, the Senior Living DEIB Survey provides baseline data regarding diversity initiatives. The data acts as a starting point for establishing trends in the senior living space, which future surveys will build upon. While there’s still work to do in terms of operators improving diversity within their organizations, according to the report, the industry is starting from a place of strength. Summarized by McKnight’s Senior Living, the report reveals that: 95% of participants said they are taking steps to recruit potential employees from underrepresented groups 90% of responding organizations focus on gender, race/ethnicity and sexual orientation, whereas age and religion are less commonly used dimensions of diversity 73% of senior living professionals in participating organizations are women. Overall, 53% of employees are white, and 46% are people of color 56% of survey participants’ companies have a formal DEIB committee responsible for developing and implementing DEIB strategies or initiatives 27% of participants have a formal DEIB program, whereas 46% have implemented some initiatives or policies 17% of executives in participating companies are people of color, with 40% of women in executive roles This data was captured from 44 participating organizations across assisted living, memory care, independent living, skilled nursing...
Advance your sales & marketing
New senior living ebook
Did you know more than 54 million adults ages 65 and older live in the United States — roughly 16.5% of the total U.S. population? And by 2050, that number is projected to rise to an estimated 85.7 million — roughly 20% of the U.S. population? As the aging population continues to grow, more will be searching for adequate housing opportunities to fit their needs — from active adult to independent to assisted living, all the way to memory care. That means senior living operators will require effective methods to attract prospects, nurture leads and retain residents as demand grows and competition heightens. Customer relationship management (CRM) software is the answer of today and tomorrow, and we created a fresh ebook to illustrate that. We’re excited to share this one! Explore the highlight below then read the ebook in full (spoiler alert, you’ll discover how RentCafe Senior CRM stands out from the crowd). New ebook explores CRM software By capturing and centralizing the data you need, an integrated CRM system accelerates sales and ensures a seamless prospect-to-resident journey. More specifically, the right solution helps operators: Simplify leasing Nurture leads effectively Boost customer service Streamline assessments Ensure compliance The ebook details each of these, sharing exactly how CRM software works to help your communities reach new heights. You’ll also see what makes RentCafe Senior CRM (Yardi’s integrated CRM solution) a differentiator. Want a preview? RentCafe Senior CRM is: Single stack Mobile-friendly HIPAA and SOX compliant Continuously evolving Guided by client feedback Also — unlike other CRM systems — RentCafe Senior CRM doesn’t require you to pay per user. You can add as many users as you’d like, from sales staff to caregivers, for one fixed cost. Same goes for our secure online portal, RentCafe Senior Living. Read the ebook in full We hope you enjoy the ebook (CRM Software: The Future of Sales & Marketing). If you’re ready for more info on RentCafe Senior CRM, our team would love to be your guide! Visit page 10 of the ebook and select “book a personalized demo” to get...
RentCafe Senior CRM
Advance Sales + Marketing
Ready to advance your sales and marketing? Meet RentCafe Senior CRM, our mobile-friendly single connected solution. To paint the picture of how this solution helps senior living operators — and their sales teams — reach new heights, we put together a brand-new infographic. We hope you enjoy learning all about RentCafe Senior CRM and the benefits it brings: Did you know 65% of sales professionals use CRM, and 97% consider sales technology to be important or very important? And out of companies using mobile CRM, 65% achieved sales quota compared to 22% of those without mobile CRM? Everything you need on a single platform As the infographic shares, RentCafe Senior CRM allows you to: Configure and automate the sales process to guide your unique selling approach View real-time census data, occupancy status, unit rates and amenity offerings Eliminate duplicate data entry with a united leasing and move-in workflow Lead with confidence using a platform integrated with multiple elements of the Yardi Senior Living Suite Generate, complete and upload documents to RentCafe Senior Living, where residents and family members can sign electronically Reduce risks with a solution that is HIPAA and SOX compliant Access visual reporting with configurable, group-based dashboards and a wide selection of KPIs Drive efficiency with a convenient mobile app built for iOS and Android devices Enjoy the convenience of Yardi as your single support avenue Evolving functionality designed for senior living What makes RentCafe Senior CRM a differentiator? At a glance, this mobile-friendly system offers: Inbound and outbound calling, texting and emailing Duration and engagement tracking Triggered activity follow up Predictive analytics Automated prospect and referral correspondence Event management Third party API integrations Lead scoring Level up with RentCafe Senior CRM Curious what else RentCafe Senior CRM can do? Read the...
Staffing Crisis Shifts...
Senior Living Surveys
Employee turnover and attracting caregiving staff (traditionally cited as the top challenges among senior living operators) are now being reported as the second and third biggest challenges senior living organizations are confronted with. That finding comes from the National Investment Center for Seniors Housing & Care (NIC) via their recent survey. Described as a “positive sign of relief” for senior living operators, the data suggests the industry is slowly turning the corner in regard to staffing challenges. The survey — Executive Survey Insights: Wave 44 — in addition to NIC’s latest survey (Wave 45), are packed with more discoveries on the state of senior living. Keep reading for a highlight: About NIC Executive Survey Insights What are NIC Executive Survey Insights? Introduced back in 2020, the initiative seeks to deliver real-time insights on the pandemic’s impact in senior living. By distributing surveys to operators across the U.S., NIC gauges what obstacles communities are facing and measures their pace of recovery. This Wave 44 survey includes responses from July 25 to August 21 of this year, drawn from owners and executives of 55 small, medium and large senior housing and skilled nursing operators across the nation. As for Wave 45, responses are from August 22 to September 18, pulled from 47 operators. Wave 44 & 45 findings While the Wave 44 report reveals several important findings, this stands out most: staffing challenges are no longer being cited as the number one concern for industry operators. Instead, the report shows rising operator expenses as the top challenge organizations are currently facing (according to 86% of survey respondents). So in regard to the staffing crisis, the Wave 44 data shows promise. And building off that positivity, three-quarters of respondents say they’re optimistic that more improvements are on...
Visit SMASH 2022
Let’s network!
If you’re planning to attend SMASH 2022, the Senior Care Marketing and Sales Summit, you’ll get the chance to network with innovative sales and marketing professionals in senior living. Taking place in Las Vegas, there’s no event quite like it in the industry. We’re proud to be a platinum sponsor of this one-of-a-kind event, scheduled for October 24-26 at the Green Valley Resort. If you’re set to attend, we can’t wait to meet you! Team Yardi will be in attendance and looks forward to connecting throughout the two and a half-day experience. About SMASH 2022 What makes SMASH 2022 different? Simply put, the SMASH conference is exclusive to sales and marketing executives in senior care. That allows for a value-packed few days where attendees receive takeaways applicable to their role. The agenda was crafted to meet the needs of sales and marketing experts, too, with over 40 tailored workshops, master classes, foundational sessions and boot camps in total. Explore the full SMASH 2022 schedule. With experts coming together from leading organizations across the continuum of senior care, SMASH 2022 is bound to be a great experience. Visit team Yardi We’re excited to partake in SMASH 2022 as a platinum sponsor, and we invite you to come chat with us anytime. Our senior living management software includes a dynamic sales and marketing solution, RentCafe Senior CRM, which we’ll show you in detail. In preview, this single connected solution helps providers nurture leads, save time and ultimately maximize occupancy. Wanting to learn more about Yardi solutions in advance? Reach out for a personalized demonstration. Either way, we look forward to seeing you at SMASH...
Discover New Technology
Visit LeadingAge 2022
Ready to energize your business this Fall? Visit the 2022 LeadingAge Annual Meeting + EXPO, an experience bringing experts together to converse, strategize and even form new partnerships. It’s a must-attend event for senior living professionals across the industry. Set for October 16-19, LeadingAge 2022 will host team Yardi at booth 1804. We’re ecstatic to be attending and invite you to come see the newest advancements to our senior living management software. For event details and steps on how to connect with our stellar team, see below. Get ready for LeadingAge 2022 Taking place at the Colorado Convention Center in Denver, LeadingAge 2022 offers a customizable experience for attendees. But regardless of which sessions you choose, one thing is certain: you’ll explore critical topics impacting the industry today. And you’ll get to chat with leaders who are shaping the future of senior care. That offers an exciting opportunity to gain fresh perspectives and develop strategies for your own organization. As LeadingAge puts it, progress is made together. You can find registration details on LeadingAge’s website and you can preview the schedule of events as well. Connect with Yardi It’s no secret that technology is playing a big role in senior living today. The right solutions can shift the way your communities operate — and provide care — for the better. Here at Yardi, we offer tools that do exactly that, all of which unite on a single platform. Sound interesting? Stop by booth 1804! If you want a more detailed look at the Yardi Senior Living Suite before the event, get in touch with us. Here’s to networking, learning and growing at LeadingAge...
October With AHCA/NCAL
Senior Living Event
Who doesn’t love an event packed with networking, educational sessions and snazzy giveaways? AHCA/NCAL has it all — plus more — during their annual convention. AHCA/NCAL 2022 takes place from October 9-12 in the heart of Nashville, Tennessee. All this in mind, the AHCA/NCAL Convention & Expo is something we wouldn’t miss. We look forward to connecting with a fantastic array of senior living professionals throughout the 4-day summit! If you would like to meet with us, be sure to stop by booth 740. Learn about AHCA/NCAL 2022 The American Health Care Association and National Center for Assisted Living (AHCA/NCAL) represents long term and post-acute care providers across the U.S., with more than 14,000 member facilities. With such a large national footprint, AHCA/NCAL works to make the industry a better place on every level. And that translates to their annual convention which brings professionals together to discuss the challenges facing senior living today, as well as solutions for the future. AHCA/NCAL 2022 is full of impactful experiences for c-suite executives and community experts alike. Learn more about what’s in store from the AHCA/NCAL 2022 event schedule. Get in touch with Yardi We make attending events like AHCA/NCAL 2022 a priority, as it allows us to join the conversations most crucial to senior living today. We kindly invite you to visit booth 740 to discuss where the industry is headed and how our senior living management software is here to support you. Feel free to stop by whenever it’s convenient, or fill out our AHCA/NCAL form to get a meeting scheduled. Enter for a chance to win! Remember the snazzy giveaways we mentioned? If you visit booth 740 at AHCA/NCAL 2022, you can enter for a chance to win some Yardi swag. Simply leave us your business card to join our raffle of Wrapsody Noise Reducing Bluetooth Headphones. See you October...
Brightview Honors
Senior Living Spotlight
Congratulations are in order! We’re pleased to recognize Brightview Senior Living, a wonderful Yardi client, for two recent achievements that highlight their dedication to residents and employees. Congrats to Brightview for earning a place on People Magazine’s Companies That Care® list for the second year in a row, as well as being named the number one Fortune Best Workplace in Aging Services™ for the fourth consecutive year. Brightview earns People Magazine accolade To earn a place on People Magazine’s Companies That Care list, organizations need to go above and beyond in more ways than one. Leaders must ensure they’re honoring employees, uplifting their communities and ultimately, striving to make the world a better place. That criteria comes directly from People in describing the 2022 list. Brightview surely meets that criteria, as they’ve spent over 20 years creating an exceptional environment for their employees and residents. This is the second consecutive year they’ve earned a place on the list, and they’re the only senior living company that’s been recognized. “This highly competitive ranking features 100 U.S. companies across all industries, and we are honored to be the only senior living company recognized,” shared Brightview on LinkedIn. “We are proud to be named as an organization that genuinely puts people first.” Plus the #1 place on Fortune’s esteemed list It’s pretty exciting to earn not one, but two exceptional accolades that highlight a commitment to care, service and staff. For Brightview, that includes the number one place on Fortune’s Best Workplaces in Aging Services list. To build the 2022 list, Fortune analyzed data from more than 140,000 employees in the senior living industry. From those surveys, over 90% of Brightview associates reported feeling welcome at the company, and they believe their work has special meaning. This...
Defining Active Adult Properties
NIC White Paper
Have you heard the term “active adult” lately? This buzzword and the meaning behind it was recently discussed in an eye-opening white paper by the National Investment Center for Seniors Housing and Care (NIC). The report — Active Adult Rental Properties: Defining the Emerging Property Type — seeks to educate the industry and potential investors by defining what active adult living entails. NIC shares never-before-seen property inventories, market trends, financial performance metrics and more. Keep reading for a highlight: What are active adult properties? Active adult rental properties are age-eligible, market rate, multifamily properties that are lifestyle focused. That’s the definition NIC provides in an effort to clarify — and simplify — what active adult living means. They describe active adult rental properties as those that appeal to younger, healthier and more active older adults, often ages 55+. But how did active adult properties emerge? As NIC puts it, this segment of real estate comes in response to the preferences of a specific generation: baby boomers. Simply stated, baby boomers have lower acuity needs than residents in traditional senior housing environments, and they’re drawn to the lifestyle, convenience and amenities of conventional multifamily living but with residents of their own age cohort. So there you have it, a new style of real estate was born to meet the needs of these boomers — now referred to as active adults. NIC shares what they refer to as “critical components” of the active adult rentals definition to provide more clarity: Age-eligible: The property must restrict residents based on ageMajority market rate: LIHTC (low-income housing tax credit) properties are excludedMultifamily: Excludes single-family home-only communities (SFH)Rental properties: Excludes for-sale propertiesMeals not included through property operations or base rent: The property does not include meals (lunch or dinner) or allowances/credits for mealsLifestyle focused: Affording the residents a setting and environment that helps them to thriveNot a static definition: The active adult definition and the property type is expected to evolve as the product matures You can read the full white paper for a more thorough breakdown. More on active adult properties Looking for a more specific depiction of active adult properties? From average configurations to pricing, the NIC report covers it all. One key takeaway is active adult properties are a happy medium between multifamily and senior housing properties. To illustrate that point, NIC shares examples like the fact that active adult properties are designed for shared activities, with more common spaces than conventional multifamily housing, but less than your average senior housing property. Read more from NIC. Progression of resident needs We’ve covered that active adults have lower acuity needs than today’s seniors. According to NIC, they associate senior housing with residents whose acuity levels are too high for their current lifestyle choice, and they want something different. You can view their visually-appealing chart in the white paper, where NIC outlines how housing segments progress depending on resident care needs — starting with multifamily and active adult, then ending with skilled nursing and hospitals. Benefits of the active adult market There are several benefits that come with the emerging active adult market, from longer resident tenure to lower expenses. A big point of mention for investors is while active adult properties may be higher risk than those in multifamily, they’re less risky than traditional senior housing communities. The NIC white paper offers more interesting insights, so we encourage you to grab a copy. Happy learning!...
Announcing New Features!
Yardi Senior IQ
You may be familiar with our senior living business intelligence solution, Yardi Senior IQ. This integrated system generates data at the click of a button to help operators make smarter, faster decisions. And when operators make informed decisions based on real-time data, senior living residents reap the benefits in the form of enhanced services and care. All that aside, today’s focus is to share the newest advancements Senior IQ has to offer. Read on for a short overview. Senior IQ releases enhanced dashboards and KPIs Starting with the clinical ADL’s dashboard, Senior IQ clients have access to three new KPIs showing resident counts for: Care plans not activated at admissionCare plans not activated quarterlyCare plans not activated annually In the clinical medications dashboard, three new KPIs exist in relation to medication orders. These offer resident percentages by property/care level for the following respective orders: Residents receiving antibiotic medicationRecently started antipsychotic/anxiolytic/hypnoticStarted antipsychotic/anxiolytic/hypnotic by CL For the clinical census dashboard, a single KPI has been added. Titled conversion from respite to permanent, this KPI shows the percentage of residents who have converted from a respite to permanent contract type in the past 12 months. In relation to KPIs that already exist in the clinical census dashboard, new columns have been added in the drilldown grid KPI to show more details. Moving on to the clinical pressure ulcers/injury dashboard, the average length of pressure ulcers KPI has been renamed to average duration of pressure ulcers/injury. Last but not least for KPIs in Senior IQ, an occupancy type filter has been added under dashboard filters, giving clients the option to switch between physical and financial occupancy. Contact us If you’re already utilizing Senior IQ and have questions about the latest functionality, reach out to your sales rep anytime. If you haven’t started your journey with this single connected solution just yet, contact us to learn...
Celebrate Joyful Moments
National Assisted Living Week
It’s officially National Assisted Living Week (NALW), an annual celebration of those who reside, work and volunteer in assisted living communities across the United States. The commemoration is spearheaded by the National Center for Assisted Living (NCAL) and same as past years, we love spreading the word here on The Balance Sheet. If you haven’t heard about NALW, not to worry! We’re here to share the meaning behind it, this year’s theme and tips from NCAL on how to celebrate. Celebrating NALW 2022 NCAL does a fantastic job each year in providing resources — like their annual planning guide — to help communities maximize their National Assisted Living Week celebrations. And this year’s planning guide centers around the 2022 theme: joyful moments. The theme stems from the challenges the industry has faced in the past two years, serving as a reminder to find happiness, joy and fulfillment in life’s moments. Described by NCAL as “especially meaningful,” the theme encourages communities to engage residents and staff with moments of joy. Those moments can be sparked through a variety events and activities. Fortunately, NCAL is here to guide us with suggestions that not only create joy — but also adhere to COVID-19 infection control requirements to keep everyone safe. To name a few, NCAL suggests putting together: A slideshow of residents and staff doing activities that bring them happinessAn arts and crafts event utilizing joyful objects like flowersA virtual or outdoor exercise classA furry friends date, bringing animals in from a local shelterAn outdoor concert, dance, sing-along or even a silent disco As NCAL puts it, the possibilities are endless! The meaning behind NALW Established in 1995 by NCAL, National Assisted Living Week is a time for residents, their loved ones, staff, volunteers and local communities to recognize the role of assisted living in caring for America’s seniors, as well as individuals with disabilities. The annual observance encourages assisted living communities around the nation to host events that celebrate the individuals they serve, while educating members of the public about this important aspect of long term care. Learn more about NALW and ways to get involved. Spotlighting Yardi clients With NALW spanning from September 11-17, our senior living clients have started giving thanks and sharing their celebrations on social media. Be sure to check out posts from Maplewood Senior Living, Westmont Living and Nevada HAND — plus more! Join the #NALW conversation Whether you’re attending a NALW celebration or simply wish to bring awareness to the observance, use #NALW on social media! And from all of us at Yardi, happy NALW. We’re proud to highlight this year’s theme and extend our thanks to those across long term care for all that they...
New Integration
Yardi EHR + Direct Supply
For senior care staff, taking resident vitals is often done manually. From capturing vital signs to recording data for each resident, the process is time consuming and heightens the risk for transcription errors. Luckily for providers and care staff, technology exists to capture, protect and connect that data. That describes our new partnership with Direct Supply, an integration between our electronic health record solution, Yardi EHR, and their DS smart technology. At a glance, the integration enables data drawn from supported equipment — like vital signs monitors — to flow into Yardi EHR. It’s an exciting step forward for us and our senior living clients. But how does this integration simplify care workflows? Reduce errors? Improve the resident experience? We have the answers. There’s a lot to cover, but that’s what we’re here for! See below for a breakdown of how the integration works — and how it benefits communities. About Direct Supply First things first, who is Direct Supply? Founded in 1985, this employee-owned company specializes in providing equipment and services to healthcare organizations, skilled nursing and assisted living communities throughout the United States. Their technology comes in different forms, but for our purposes, we’re introducing their DS smart solution. This intuitive platform gathers resident vitals taken from varying devices — from monitors to scales — in real time. This ensures resident vitals are captured quickly and efficiently, leaving no room for errors. Our new integration For Yardi EHR clients, a typical staff workflow with this integration involves: Connecting a mobile device to vitals equipment via BluetoothTaking a resident’s vitalsReviewing measured vitals on the DS smart appApproving a real-time upload to Yardi EHR So once a resident’s vitals are taken using DS smart technology, that data flows seamlessly into Yardi EHR. As...
Learn From Changemakers
Senior Living Ebook
We hope you’ve enjoyed the 2022 Changemakers series, an annual collaboration between Yardi and Senior Housing News (SHN). As sponsor for the fourth year in a row, we’re honored to join SHN in spotlighting senior living leaders for the exceptional efforts and achievements — with this year’s Changemakers class totaling at 11 honorees. If you haven’t had the chance to explore the interviews with each honoree, you can find those here on The Balance Sheet. Each leader sat down with SHN to chat about their experiences in the industry and share their strategies for driving change. And to celebrate the series coming to an end, we have a new resource to share! SHN has published a 2022 Changemakers ebook, which showcases unseen excerpts from the interviews. Read on to download the ebook and access bonus advice from this year’s Changemakers. Changemakers series wraps up for 2022 In light of the series ending, we’re extending a final congratulations to our Yardi senior living clients recognized! These honorees embody what it means to be a Changemaker. Each and every one has forged a unique path within their organization, and they’ve shaped the industry into what it is today. A very warm congratulations to: Joel Nelson of LCSTana Gall of Merrill GardensTom Grape of Benchmark Senior LivingJim Coughlin and Wendy Nowkunski of Northbridge CompaniesJesse Marinko of Phoenix Senior LivingDale Watchowski of American HouseBryan McCaleb of Sagora Senior Living We applaud you all for earning a well-deserved place in the 2022 Changemakers class. Read this year’s ebook To hear extra insights from our clients above and the rest of the 2022 Changemakers, explore the SHN ebook. If you’d like to learn more about how our senior living management software supports providers, get in touch anytime....
Changemakers Series
Honors Dale Watchowski
We’ve loved bringing this year’s Changemakers series to The Balance Sheet. Presented by Senior Housing News (SHN) and sponsored by Yardi for the fourth consecutive year, the series interviews industry visionaries to capture their experiences, strategies and advice. And to earn the Changemaker title, leaders need to push boundaries and take innovative approaches in senior living. The 2022 honorees certainly do — including our final Changemaker: Dale Watchowski. As the president and CEO of American House, one of our senior living clients, Dale shares insights about his leadership journey to date — plus more. Keep reading for a quick highlight of his interview. Meet Dale Watchowski When you meet someone with 30 years of industry experience, you know they have a few strategies up their sleeve. For Dale Watchowski, three decades in real estate and senior living have taught him valuable lessons, sparking his ability to drive strategic change. At American House, he brings that strategy — and unique leadership skills — to help the organization stand out from the crowd. That’s the basis of his interview with SHN, but there’s more to uncover. View the snapshot below then ready Dale Watchowski’s full interview. SHN: How have you changed as a leader since you’ve joined American House? Watchowski: I’ve always seen myself as an investor in real estate, as REDICO is the parent company of American House. REDICO is an acronym for Real Estate Development Investment Company, and throughout my career I’ve been investing in real estate and operating real estate. But the business of senior housing requires much more than that. Of course, you need financial discipline and some institutional character, but the business of serving and caring for seniors has to be top of mind and for me, it’s always felt philanthropic....
How To Streamline Procurement
Senior Living Ebook
Procurement is an essential part of running a successful senior living community. Yet, many providers still use paper systems to procure supplies leading to inefficiencies, oversights and costly mistakes. Fortunately, tech solutions like the Yardi Procure to Pay Suite dramatically reduce friction across all elements of the accounts payable lifecycle: vendor management, procurement, invoice processing and payments. In our new ebook, published by McKnight’s Senior Living, you’ll see exactly how. Keep reading for a sneak peek of what the ebook has in store. New ebook: Save Time and Money in Your Procurement Process When it comes to procurement, technology lends a helping hand by automating processes from start to finish. This leads to enhanced accuracy, time savings and improved staff workflows, which ultimately allows communities to focus on their number one priority: resident care. That’s the focus of our new ebook — Save Time and Money in Your Procurement Process. Courtesy of McKnight’s, we cover the ins and outs of using tech to transform your procurement process. You can expect to discover: Issues with manual processesBenefits of automated procurement toolsHow leading solutions make the differenceOne provider’s success with Yardi More on the Yardi Procure to Pay Suite For our senior living clients, we offer five products designed to support every step of the procure to pay workflow. Connected on a single platform, this includes: Yardi PayScanYardi MarketplaceYardi VendorCafeYardi Bill PayYardi VendorShield Each tool offers specific benefits for senior living providers, such as more time for resident services and care. The ebook shares more — offering a detailed look at how each product works in harmony to make procurement a seamless process. Keep reading Ready to learn more about automating your procurement process? Explore the ebook in its entirety. For more details on the Yardi Procure to Pay Suite, visit our product...
Changemakers Series
Jesse Marinko
We’re nearly at the end of the 2022 Changemakers series, an annual tradition presented by Senior Housing News (SHN). Although each year brings a wave of unique leaders, the 2022 series in particular has recognized a great range of individuals across the industry. As we approach the conclusion, it’s time to showcase the interview from our second-to-last honoree! Keep reading to meet Jesse Marinko, president and CEO of Phoenix Senior Living and a Yardi senior living client. All about Jesse Marinko With 20 years of experience in senior living, Changemaker Jesse Marinko has taken strategic risks throughout his career. That includes founding Phoenix Senior Living back in 2014, an organization offering innovative, personalized experiences for residents in assisted living, independent and memory care settings. In his SHN interview, Jesse Marinko talks about his lessons learned in recent years, how he’s approached change and the importance of serving the middle market. Keep reading for insights from this one-of-a-kind leader. SHN: Looking back on your career in senior living, what changes have you led that you’re especially proud of? Marinko: During my time at Benchmark and my time here in Phoenix under my own flag, I’ve prided myself on recognizing the industry’s youth, in terms of how long our industry has been in place. There’s not only a talent shortage, but also a recruitment shortage, and that has been a focused effort at Phoenix. We’ve made a strong effort to create training and educational platforms built for high-touchpoint customer service people by understanding how effective tactics in other industries could translate into senior housing. That’s not the norm, and I am proud of our effort. For senior housing to succeed in its infancy, we’re going to have to bring in new talent and train people who...
