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McKnight’s Senior Living
Increasing operating expenses are overtaking staffing issues as the biggest challenge facing senior living and care organizations, according to the results of a new survey by the National Investment Center for Seniors Housing & Care, released Thursday. Although workforce issues remain a challenge for operators — especially recruiting (80%) and turnover (80%) — they are taking a back seat to the cost of doing business, as 86% of respondents to the NIC Executive Survey Insights Wave 44 survey cited operating expenses as a top concern. READ MORE