Occupancy rates at many skilled nursing facilities are improving. The National Investment Center for Seniors Housing and Care (NIC) reported that occupancy at SNFs in its NIC Map Data Service report was 71.2% in February 2021, up from 70.7% in January. The report drew from 29 contributors representing a total of 1,454 properties in January […]
National Investment Center for Seniors Housing & Care
Even as the nationwide vaccine rollout eases the clinical crisis in U.S. nursing homes, operators across the senior living spectrum are reporting the highest levels of agency staffing use and overtime pay since the pandemic began — indicating that the longstanding workforce crunch in the sector only has only continued to worsen. That’s according to […]
While the skilled nursing landscape continues to struggle both operationally and financially during the COVID-19 pandemic, those same negative forces have only served to strengthen private health plans — putting Medicare Advantage in an even better position to continue its growth. Cratering census and sharp declines in elective surgeries, while fiscally devastating for nursing homes, […]
While emphasizing that the industry is much better prepared to weather a potential revival of large COVID-19 outbreaks in the fall and winter, a top nursing home leader on Tuesday called on operators to use the hard lessons learned during 2020 to improve from within. “You cannot ignore the fact that probably close to 100,000 […]
The COVID-19 pandemic continued to batter skilled nursing occupancy well into the month of June, according to the National Investment Center for Seniors Housing and Care’s (NIC) Skilled Nursing Monthly Report, with census sinking to a new low even as the pace of decline slowed. In a blog post published September 10, NIC senior principal […]
More than half of the states in the country have rising COVID-19 case counts in nursing facilities, according to new same-store data compiled by the National Investment Center for Seniors Housing & Care (NIC). Utah led the way with an increase of 0.70 confirmed cases per nursing facility during the week of July 5 through […]
Occupancy at the nation’s skilled nursing facilities slid to 78.9% during the first peak of the COVID-19 pandemic in April, according to the most recent set of data from the National Investment Center for Seniors Housing & Care (NIC). That figure compares to 84.4% occupancy in April 2019, and 84.7% in February, before the novel […]
Arguing that one-time snapshots may shed more light on the status of efforts to curb COVID-19, the National Investment Center for Seniors Housing & Care (NIC) on Friday released the first in a planned series of point-in-time data on cases across multiple settings. Based on a limited sample of facilities, nursing care sites on average […]
Calls for systemic overhauls of long-term care and senior living are nothing new. From operators to government payers to resident advocates, a variety of voices has challenged the status quo with support for new reimbursement systems, creative partnerships, and the substantial redesign of care models over the last decade — with varying results. But with […]
The first round of federal data on COVID-19 in nursing homes revealed a 10% drop in census related to the pandemic, according to a new analysis by the Wall Street Journal, though the true number may not be known until officials clean up errors in the initial reporting. The 10% decline was the result of […]
New data reveals significant skilled nursing occupancy declines in amid the ongoing COVID-19 crisis, primarily driven by a drop in admissions to the post-acute setting, according to the National Investment Center for Seniors Housing & Care (NIC). Skilled nursing occupancy dropped 132 basis points from February to 83.4% in March, pushing the national census to […]
The stabilized occupancy rate for nursing care fell sharply in April due to the onset of the COVID-19 pandemic, according to a snapshot from the National Investment Center for Seniors Housing & Care (NIC) released on Tuesday. Nursing care occupancy last month dropped 220 basis points to 84.7% from March to April in NIC’s selection […]
Private equity dollars have driven the conversation in skilled nursing over the last few years, as the publicly traded real estate investment trusts (REITs) looked to cut their dependence on government-reimbursed tenants. But the COVID-19 pandemic could shake that up, at least according to LTC Properties (NYSE: LTC) CEO Wendy Simpson. “We are thinking that […]
Almost half of leaders at nursing home operators saw occupancy declines over the first month of the coronavirus crisis, according to a new survey, far exceeding the census drops reported in other segments of the senior housing and care continuum. About 49% of executives reported reduced census at their skilled nursing facilities compared to a […]
A group of senior housing and care lenders on Thursday emphasized that financing remains available in the space, but buyers and sellers shouldn’t expect business as usual when trying to complete deals during the COVID-19 pandemic. “There is capital out there, but I would say it is definitely a more limited supply and not nearly […]
The stock market was rocked on Monday by a combination of factors, including concerns about the novel coronavirus, with a sharp downturn Monday morning triggering a temporary halt on trading — and the Dow Jones Industrial Average, the S&P 500, and the Nasdaq all ending the day down more than 7%. But even though the […]
The recent federal enforcement pushes haven’t just brought new challenges to skilled nursing operators, who must now adjust to a world of warning icons and lists of struggling facilities now made public on a monthly basis. The lenders that finance skilled nursing acquisitions and renovations have been forced to take a hard look at their […]
Skilled nursing operators with a strong regional focus and market presence are attractive to potential investors and capital partners, but ultimately the realities of the market will trump even the best operator. The operator-driven nature of the SNF field makes the people involved in a given facility paramount, but investors can’t overlook how susceptible nursing […]
The early returns for the new Medicare payment model for nursing homes have been broadly positive, with multiple experts and operators pegging the revenue gains at a healthy but modest 5% to 6%. But the actual gains may be higher than those numbers betray, and several experts predict some kind of eventual adjustment from the […]
Bed prices at nursing homes have remained robust in recent years despite industry upheaval, and while it’s impossible to paint the state of the market with a broad national brush, the coming year could bring even higher figures as owners and operators pull off turnaround projects. A snapshot from the third quarter of 2019 revealed […]