Outlook Money
The senior living sector faces challenges due to the increasing demand for services as a result of an ageing population. The focus for senior living should lie on creating an environment that fosters physical, emotional, and mental well-being while also taking logistics into account.
1. Lack of Proper Government Guidelines- Due to the lack of clear regulations for senior living, inconsistencies are often noticed in the development and operation of living facilities, resulting in varying quality and services across regions.
It is often very costly for senior citizens to afford to visit a private doctor. So, a more convenient solution is to have Public Health Centers (PHCs) visit senior care centres at affordable rates, reducing costs and ensuring residents receive regular medical attention.
Service cost issues arise when there is a disagreement on sharing the costs between residents and investors.