Many senior living authorities cite an increased use of technology, in general, and artificial intelligence, in particular, as instrumental in shaping the industry’s future. The health care software company Aaniee points to the incredible potential of tech tools in areas such as streamlined operational efficiency, resident care planning, health care staff retention, and service delivery optimization.
Adding to these sentiments, the senior living consultancy Agility praises tech for its ability to help older people remain comfortably in their existing residences. Called “aging in place,” this is an ongoing trend among older people in 2024 and beyond. Easy access to wellness programs and quality medical care is essential to aging in place comfortably.
Increased demand for senior living is also shaping the future of the industry. The National Investment Center reports that senior living occupancy rates rose from 77.8 percent in June 2021 to 84.9 percent in October 2023. This means that increasing numbers of older Americans are competing for fewer spots in today’s senior living communities.
