March 10, 2023

Assisted living’s value lies in affordable, quality care: Argentum paper

McKnights Senior Living

With a rapidly aging population that will need access to affordable care and services, the assisted living model is the one that makes sense from a quality of life and fiscal perspective, according to Argentum.

The senior living trade association unveiled “The Value of Assisted Living for America”white paper, completed in partnership with Pinnacle Quality Insight, to make its case for the sector and provide the data to back it up. 

“This report makes clear that assisted living provides more of what matters when it comes to helping seniors stay as healthy, happy and independent as possible,” Argentum President and CEO James Balda said. “Each day, 10,000 Americans turn 65, and 70% will likely need some form of long-term care in their lifetime. Put simply, they will need a caregiver, and home- and community-based assisted living provides the most cost-effective, patient-centered approach to meet the news of our rapidly aging population.”

Residents, families ‘love the solution we’re providing’

According to a survey by the association, 90% of today’s approximately 2 million assisted living residents living in more than 30,000 communities across the country report “good or great satisfaction” with their communities.

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