Each year, Health Dimensions Group (HDG) publishes the Top Trends in Aging Services white paper and webinar, our annual projections of the key issues that will affect the industry moving forward. As a nationally recognized thought leader in senior living, post-acute, and long-term care, HDG is uniquely qualified to consider current and emerging trends that impact the aging services profession. Leveraging extensive experience in managing senior communities, as well as consulting for some of the nation’s leading health systems, senior living and care providers, and Program of All-Inclusive Care for the Elderly (PACE) organizations, HDG has developed deep knowledge and insights to support your organization’s success.
Nationally, seniors ages 65–74 are projected to increase by 16.6 percent over the next five years, while seniors ages 75–84 and age 85 and older are also increasing, at 10.2 percent and 7.9 percent, respectively. While the aging demographics of the U.S. will provide years of strong tailwinds to the aging services profession, many providers are facing more immediate operational and strategic challenges. Those who can develop and execute on well-defined strategies will come out on the other side with stronger organizations, well positioned to meet the astronomical demand ahead for senior living and care.
In these pages, we have identified the top trends that will make for a dynamic 2024. These trends are impacted by the converging pressures of rapidly evolving regulatory landscapes, changes in continuum and consumer demand, and increasing acuity in many settings—all in difficult capital and labor markets.
It is often said that every challenge brings forth opportunities, and the upcoming year is no exception. Uncertainties pave the way for creativity and novel possibilities. From expanding into home- and community-based services, to better meeting the care needs of more complex resident populations, to repositioning your current portfolio, there is much to look forward to in the year ahead. It is imperative for those in the aging services profession to grasp today’s trends, challenges, and opportunities and pivot to new strategies to position their organizations for success in 2024 and beyond.