NIC Releases Point-in-Time Nursing Home COVID Data: ‘A More Relevant Metric’ Than Cumulative Stats

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 […]

NIC CEO Jurutka: COVID-19 Crisis ‘Burning Platform’ for Innovation in Skilled Nursing, Senior Living

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 […]

Skilled Nursing Occupancy Hit Record Low in March, ‘Mainly’ Due to Post-Acute Admission Decline

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 […]

LTC’s Simpson: COVID-19 Could Drive Private Equity Investors Away from Skilled Nursing

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 […]

Nearly 50% of Executives Report Skilled Nursing Census Drops Amid COVID-19

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 […]

Skilled Nursing Lenders Still Operating, But Expect Delays — and Focus on Existing Clients Over New Ones

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 […]

Why Even the Best Operator Can’t Fix a Bad Skilled Nursing Market

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 […]

Medicaid’s Share of Nursing Home Revenue, Resident Days Hits Record High as Medicare Drops to Historic Low

Occupancy at the nation’s nursing homes stayed flat between the most recent two quarters, but the proportion of residents covered under Medicaid hit a record high — while the share of bread-and-butter Medicare residents fell to a record low. Medicaid accounted for exactly two-thirds, or 67.6%, of resident days at nursing facilities in the third […]

[Upcoming Webinar] Middle Income Seniors in 2029: A Customer Profile

Date: Tuesday, November 5, 2019Time: 1:00 p.m. CT – 2:00 p.m. CTRegister Now Who Are America’s Middle Income Seniors and How Can We Care for Them? The Forgotten Middle is a fast-growing and significant demographic group of seniors that demands attention and planning. By 2029, there will be 14.4 million middle-income seniors in the U.S., many with […]

Skilled Nursing Operators Shouldn’t Count on Investors to Share PDPM Optimism

With just two weeks to go before the new payment model for nursing homes takes effect, operators that have prepared for the changes could be expecting a significant boost in their Medicare reimbursements. But providers shouldn’t necessarily expect their investors to share in their optimism over the Patient-Driven Payment Model (PDPM). Over the course of […]