The demand for senior housing is hitting record highs. In the first quarter of 2025, average senior living occupancy hit 87.4%, a sharp rise from the record low of 78.8% in early 2021. It’s a trend that experts report isn’t slowing down due to the aging Baby Boomer population and a limited supply of housing.
On top of rising occupancy rates, senior living facilities continue to grapple with post-pandemic staffing shortages. With staff managing dozens of beds, hundreds of units, or multiple locations, there’s more to track–especially for finance teams already stretched thin.
In this guide, we’ll dive into the current state of the senior living industry, some of the challenges accounts payable (AP) staff may be experiencing, and how AI-enhanced AP automation software can help improve the workday of the back-office by streamlining manual processes.