“The CCRC name is not doing a very good job of defining what these communities are all about,” says Glynn. “If you are doing something innovative and you want to be noticed, you want to make sure that people understand what you do. If you can’t make that clear, people aren’t going to find you.”

The research made a big impression on Liz Bush, senior vice president and director of senior marketing and sales at LCS. LCS is a LeadingAge Gold Partner that provides marketing and sales management services for 127 senior living communities nationwide.

“What I learned from the research was that ‘continuing care’ carried a negative connotation,” says Bush. “When your consumer speaks, you have to pay attention.”

Broadening the Definition

The second word in the CCRC acronym—care—posed the greatest barrier to consumer acceptance, according to Glynn.

“Care is a very important part of the product that we offer in these Life Plan Communities, but it is only one of the aspects and it’s not the initial aspect that people are looking at,” he says. “Consumers understand that someday they might need assistance, but in the meantime they want to enjoy life as much as they can.”

Maura Richards, senior director of marketing strategies at Asbury Communities, a LeadingAge member in Germantown, MD, has seen firsthand the confusion that the term “care” has created among the prospective residents she meets.

“When you talk about care in general, there is a huge confusion that CCRCs are more nursing-home oriented or that they are assisted living,” says Richards, who manages marketing strategies for 6 communities in Maryland, Pennsylvania, and Oklahoma.

Typically, consumers looking at CCRCs conclude that they’re not ready for the care that the name implies, says Glynn.

“When you define a senior living community as a CCRC, you are defining it very tightly in a medical model,” he says. “I believe that those who adopt the new name will have a better chance at increasing market share over time, and will get more people willing to call to find out more.”

Appealing to Planners

Because typical CCRC consumers are planners by nature, it made perfect sense to incorporate the word “plan” into the new name, says Richards. She believes the new name “fits the people we want to tap.”

Harry Hobson, president and CEO of Plymouth Harbor, a single-site community and LeadingAge member in Sarasota, FL, hopes the new name will actually encourage more adults to do life planning at a younger age.

“When you talk about a life plan, you start to disassociate age from planning,” he says.

“You could almost see people saying at a younger age that there are a number things we want to be sure and do over the next couple of years,” continues Hobson. “Let’s sit down with our financial planner. Let’s make sure our will is up-to-date. And let’s go visit one of those Life Plan Communities so we can begin thinking about the future. It’s all part of life planning, not about being a certain age.”

Ready for the Changing Consumer

For Bush, the new Life Plan Community name is just one more step in an ongoing process to get ready for the aging of the baby boom generation.

Successful communities have been working hard over the past 10 years to update their communities and their programming to appeal to these new consumers, says Bush. Now, she says, “the name is catching up to reflect that.”

“I’m used to the name ‘CCRC,’” admits Bush. “I’m comfortable with it. However, my perspective isn’t what is important here. What is important is our market and our consumer. We need to speak in a language that resonates with our consumer.”

Getting on Board

Glynn is hopeful that LeadingAge members will take a leadership role in embracing the Life Plan Community name because it “defines more of what we are.” Richards, Hobson, and Bush are eager to do just that.

For example, Richards anticipates that Asbury will begin using the new name in 2016. The Life Plan Community name will dovetail nicely with Asbury’s “Anticipate More” tagline, she says.

“Our message will be ‘You can anticipate more at a Life Plan Community and these are the reasons why,’” says Richards.

Hobson says the Annual Meeting announcement “gives us the blessing to formally go out and move forward with this name change, which I’m excited about.” Bush encourages her LeadingAge colleagues to do the same.

“We can bemoan the fact that ‘continuing care retirement community’ is not popular with today’s market,” she says. “Or we can be part of a change that could really make a difference in what we do. I say, ‘Be bold.’ Let’s be the change that we want to see.”

Next Steps

The next phase of NameStorm will include 3 initiatives:

• Encouraging widespread use of the new name among current CCRC operators.

• Offering tools and resources for operators interested in beginning a new conversation around the Life Plan Community name.

• Exploring how to change current usage of the CCRC name in state regulations, financial markets, rating agencies, and by institutional investors.

For more information, visit LifePlanCommunity.org.

For more information about Premier Transitions, you can reach us at 901-257-2162 or [email protected]