The area's biggest eldercare provider is seeing a leadership change: Kim Townsend takes over as CEO in 2014, but she's no stranger to the operation. Townsend, who right now is Senior Director of Government Affairs for Welch Allyn, has been on the Board of Directors 10 years, and Board President since 2011.
Loretto serves 8,000 elderly a year, and Townsend expects the number to increase as more 'baby boomers' age into the need for more care. However, she expects the style of care to change.
Part of that change is being driven by a drastic cuts in government reimbursements: a 40% drop for the average Loretto client in the past 3 years. Townsend says it's in part because the government is pushing from 'institutionalized' care to more community-based settings, and she says Loretto is already changing its healthcare delivery style.
There ae more home-based services including PACE, and more efforts at providing transportation, a key element in helping seniors stay in their homes.
Loretto also has a $90 million major expansion program on the way, which will include a larger PACE (day services) facility in East Syracuse, a new HUD apartment building in Baldwinsville, and several smaller projects in cooperation with other health agencies, including a new skilled nursing center/residence to be constructed in Cicero.
For more on Loretto's services, check their website