Economic Challenges:  Insight on Issues that Impact Future Viability Robin Eggert, MA and  Judy Jewison, OP, PhD
Taken alone,  data is simply that: data.
However…   when data is woven together,   it tells a compelling story about the changing realities facing women religious.
This suitcase holds the most  up-to date data  available at the time of production, and  is displayed in  easy-to-use  map...
Demographics Demographic Changes  Create an  Urgent Need .
35% 2008: Members Over Age 75
Fast Forward
76% 2023: Members Over Age 75
Members Over Age 60 2007: 82% Over 60 Under 60
What does this mean for  your community ?
Fewer… sister drivers sister companions sister-provided services wage earning sisters
What does this mean for  your community?
Decrease in contributed  service by members increase  in paid staff =
Changing Expectations
Competing  Emotional Challenges Sisters living in small communities today Sisters who have spent the majority of their liv...
Changing Expectations
Are sisters coming to the infirmary… Frailer? Older? In fewer numbers? Are the number of sisters in your infirmary  decrea...
Aging Trends Aging-in-Place Average Length of Stay
The American Elder Reality 14% of Americans 85+  live in a skilled  nursing facility 86% of Americans 85+  continue to liv...
American Reality Nursing facility residents, beds and occupancy rates have  remained constant  over the last 5 years… desp...
Summary National Cost of Care National Findings Skilled Nursing Assisted Living National Your Community National Your Comm...
FACT: Most Americans  Cannot Afford  Private Pay Skilled Nursing.
FACT: The Majority of U.S. Nursing Homes have between  100-199 beds.
Data demonstrates it is NOT financially efficient   to operate  a skilled nursing unit  for less than 50 residents.
Skilled nursing  needs to be  50+ beds to be  operationally efficient.
FACT: 74% of females ages 75-84 will be in skilled care less than one  year.
Operational Competency Opportunities for Enhancing  Quality of Life
Is it your  Core Competency  to run a  retirement center?
= SENIOR CORE COMPETENCY CHARISM + TRAINING
Question: Do you have the “Centers of Excellence” necessary to operate a retirement center?
Centers of Excellence 1. Clinical  2. Social Work  3. Dementia  4. Wellness  5. Life Enrichment 1. 2. 1. 2. 1. 2. 1. 3. 3....
Questions  to  ask yourself <ul><li>How can we be creative & responsible in both caring for  sisters and supporting our mi...
Financial There is a strong economic incentive for action…
Unfunded Retirement Liability Of the  681 religious communities  providing data to NRRO,  only  54  are adequately funded.
Unfunded Retirement Liability Of the  681 religious communities  providing data to NRRO,  181  are less than 20% funded.
Unfunded Retirement Liability Of the  681 religious communities  providing data to NRRO,  258  are less than 40% or less  ...
Imagine the  REALM of Possibilities Innovative Approaches
Bridging the Gap Your  Current Situation Your  Dream  for the Future
In order to  Bridge the Gap You need to go through this process
For the sake of  life . For the sake of  mission .
What REALM wants Women Religious Leaders to know… <ul><li>Honor stewardship </li></ul><ul><li>Release energy for mission <...
4920 Safari Pass St. Paul, MN   55122 p: 651-452-0101  f: 651-686-4914 [email_address] www.realmgroupinc.com Robin Eggert,...
Sources 1. National Religious Retirement Office (NRRO) 2007 Annual Report. 2. AARP Across the States 2009 3. MetLife Marke...
4920 Safari Pass ,  St. Paul, MN   55122 p: 651-452-0101  f: 651-686-4914 www.realmgroupinc.com Explore new directions. Mo...
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Realm Economic Challenges Show

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Realm Economic Challenges Show

  1. 2. Economic Challenges: Insight on Issues that Impact Future Viability Robin Eggert, MA and Judy Jewison, OP, PhD
  2. 3. Taken alone, data is simply that: data.
  3. 4. However… when data is woven together, it tells a compelling story about the changing realities facing women religious.
  4. 5. This suitcase holds the most up-to date data available at the time of production, and is displayed in easy-to-use maps, graphics and tables.
  5. 6. Demographics Demographic Changes Create an Urgent Need .
  6. 7. 35% 2008: Members Over Age 75
  7. 8. Fast Forward
  8. 9. 76% 2023: Members Over Age 75
  9. 10. Members Over Age 60 2007: 82% Over 60 Under 60
  10. 11. What does this mean for your community ?
  11. 12. Fewer… sister drivers sister companions sister-provided services wage earning sisters
  12. 13. What does this mean for your community?
  13. 14. Decrease in contributed service by members increase in paid staff =
  14. 15. Changing Expectations
  15. 16. Competing Emotional Challenges Sisters living in small communities today Sisters who have spent the majority of their lives in large, institutional settings
  16. 17. Changing Expectations
  17. 18. Are sisters coming to the infirmary… Frailer? Older? In fewer numbers? Are the number of sisters in your infirmary decreasing ? Is your cost of care increasing ?
  18. 19. Aging Trends Aging-in-Place Average Length of Stay
  19. 20. The American Elder Reality 14% of Americans 85+ live in a skilled nursing facility 86% of Americans 85+ continue to live in a place they call HOME.
  20. 21. American Reality Nursing facility residents, beds and occupancy rates have remained constant over the last 5 years… despite an increase in the older population .
  21. 22. Summary National Cost of Care National Findings Skilled Nursing Assisted Living National Your Community National Your Community 2008 Average Annual Rate/Person $ 77,380 $ _______ $ 36,372 $______ 2008 Median Annual Rate/Person $ 73,000 $ _______ $ 34,800 $ _______ 2008 High Average Annual Rate/Person $ 210,605 $ _________ $ 56,496 $ _______ 2008 Low Average Annual Rate/Person $ 46,355 $ _________ $ 23,760 $ _______
  22. 23. FACT: Most Americans Cannot Afford Private Pay Skilled Nursing.
  23. 24. FACT: The Majority of U.S. Nursing Homes have between 100-199 beds.
  24. 25. Data demonstrates it is NOT financially efficient to operate a skilled nursing unit for less than 50 residents.
  25. 26. Skilled nursing needs to be 50+ beds to be operationally efficient.
  26. 27. FACT: 74% of females ages 75-84 will be in skilled care less than one year.
  27. 28. Operational Competency Opportunities for Enhancing Quality of Life
  28. 29. Is it your Core Competency to run a retirement center?
  29. 30. = SENIOR CORE COMPETENCY CHARISM + TRAINING
  30. 31. Question: Do you have the “Centers of Excellence” necessary to operate a retirement center?
  31. 32. Centers of Excellence 1. Clinical 2. Social Work 3. Dementia 4. Wellness 5. Life Enrichment 1. 2. 1. 2. 1. 2. 1. 3. 3. 4. 2. 1. 3. 4. 5.
  32. 33. Questions to ask yourself <ul><li>How can we be creative & responsible in both caring for sisters and supporting our ministries? </li></ul><ul><li>How can we keep sisters as independent as possible for as long as possible? </li></ul><ul><li>How can we engage sisters in such ways that their lives are integrated into ministries? </li></ul><ul><li>How can we embrace vital living? </li></ul><ul><li>How do we empower sisters to be responsible for their healthy living? </li></ul><ul><li>How can we reduce our cost of care/operations? </li></ul>
  33. 34. Financial There is a strong economic incentive for action…
  34. 35. Unfunded Retirement Liability Of the 681 religious communities providing data to NRRO, only 54 are adequately funded.
  35. 36. Unfunded Retirement Liability Of the 681 religious communities providing data to NRRO, 181 are less than 20% funded.
  36. 37. Unfunded Retirement Liability Of the 681 religious communities providing data to NRRO, 258 are less than 40% or less funded to care for their elderly.
  37. 38. Imagine the REALM of Possibilities Innovative Approaches
  38. 39. Bridging the Gap Your Current Situation Your Dream for the Future
  39. 40. In order to Bridge the Gap You need to go through this process
  40. 41. For the sake of life . For the sake of mission .
  41. 42. What REALM wants Women Religious Leaders to know… <ul><li>Honor stewardship </li></ul><ul><li>Release energy for mission </li></ul><ul><li>Be transparent </li></ul><ul><li>Collaborate </li></ul><ul><li>Transition “retirement” - embrace “refirement” </li></ul><ul><li>Scenario planning and systems thinking to support wise actions </li></ul><ul><li>Value evidence-based decision making </li></ul><ul><li>The time is now. </li></ul>
  42. 43. 4920 Safari Pass St. Paul, MN 55122 p: 651-452-0101 f: 651-686-4914 [email_address] www.realmgroupinc.com Robin Eggert, MA President So… Are you looking to repack for the future?
  43. 44. Sources 1. National Religious Retirement Office (NRRO) 2007 Annual Report. 2. AARP Across the States 2009 3. MetLife Market Survey of Nursing Home and Assisted Living Costs, October 2008 4. Georgetown University Long-Term Care Financing Project, “National Spending for Long-Term Care” fact sheet, February 2007 5. CDC/NCHS, National Nursing Home Survey, Selected Years 6. Centers for Disease Control and Prevention
  44. 45. 4920 Safari Pass , St. Paul, MN 55122 p: 651-452-0101 f: 651-686-4914 www.realmgroupinc.com Explore new directions. Move beyond the REALM of Possibilities .

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