Standards for Senior Living

The challenge: More people are living longer, needing more care, and expecting and deserving the best possible quality in senior living. As senior living grows, so do the risks of not meeting these needs. What action can both reduce these risks and advance quality?

Argentum’s solution: Voluntary industry standards. Our vision for the industry calls for taking prudent, positive steps to address operational issues that can directly impact the resident experience and quality of life as well as industry reputation, long-term growth, and profitability. 

“Standards development activities are among the most common and most beneficial activities carried on by nonprofit organizations and associations.”

-Jerald Jacobs, Author, The Association Law Handbook

• Self-empowerment and avoiding inappropriate government regulation
• Senior living personnel, not outsiders, will be the subject matter experts developing standards
• We can address standards that will have the greatest beneficial impact first

• As the industry evolves, it is far easier to change a standard than a regulation
• Standards can effectively reduce insurance burdens
• The development process itself can bring the industry and stakeholders together with a collective voice