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Bankruptcy risk and state regulation of continuing care retirement communities.

Publication ,  Journal Article
Conover, CJ; Sloan, FA
Published in: Inquiry : a journal of medical care organization, provision and financing
December 1995

Continuing care retirement communities (CCRCs) often require substantial financial investment from residents, prompting concern about potential losses to residents in the event of a CCRC's bankruptcy. State governments have responded to this concern with varying levels of regulation. Overall, CCRC bankruptcy rates are very low (.3% per year). We found that measures of varying regulation stringency had no effect on indicators of CCRCs' financial performance relating to bankruptcy risk. CCRCs that offer extensive contracts, including unlimited long-term care in addition to housing, have less positive indicators of financial strength than other types of CCRCs. When measured by traditional health care industry standards of financial strength, CCRCs appear less profitable than other types of health care facilities. This raises the question of whether CCRCs can continue to attract the needed capital from private markets and because of that, suggests that their future growth may be limited.

Duke Scholars

Published In

Inquiry : a journal of medical care organization, provision and financing

EISSN

1945-7243

ISSN

0046-9580

Publication Date

December 1995

Volume

32

Issue

4

Start / End Page

444 / 456

Related Subject Headings

  • United States
  • State Government
  • Risk Management
  • Retirement
  • Regression Analysis
  • Multivariate Analysis
  • Housing for the Elderly
  • Health Services Research
  • Health Policy & Services
  • Health Policy
 

Citation

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Conover, C. J., & Sloan, F. A. (1995). Bankruptcy risk and state regulation of continuing care retirement communities. Inquiry : A Journal of Medical Care Organization, Provision and Financing, 32(4), 444–456.
Conover, C. J., and F. A. Sloan. “Bankruptcy risk and state regulation of continuing care retirement communities.Inquiry : A Journal of Medical Care Organization, Provision and Financing 32, no. 4 (December 1995): 444–56.
Conover CJ, Sloan FA. Bankruptcy risk and state regulation of continuing care retirement communities. Inquiry : a journal of medical care organization, provision and financing. 1995 Dec;32(4):444–56.
Conover, C. J., and F. A. Sloan. “Bankruptcy risk and state regulation of continuing care retirement communities.Inquiry : A Journal of Medical Care Organization, Provision and Financing, vol. 32, no. 4, Dec. 1995, pp. 444–56.
Conover CJ, Sloan FA. Bankruptcy risk and state regulation of continuing care retirement communities. Inquiry : a journal of medical care organization, provision and financing. 1995 Dec;32(4):444–456.

Published In

Inquiry : a journal of medical care organization, provision and financing

EISSN

1945-7243

ISSN

0046-9580

Publication Date

December 1995

Volume

32

Issue

4

Start / End Page

444 / 456

Related Subject Headings

  • United States
  • State Government
  • Risk Management
  • Retirement
  • Regression Analysis
  • Multivariate Analysis
  • Housing for the Elderly
  • Health Services Research
  • Health Policy & Services
  • Health Policy