While staffing shortages continue to create admission roadblocks, the demand for skilled nursing care is recovering. From April to May, SNF occupancy decreased 3 basis points to end at 81%, according to the latest skilled nursing monthly report released by NIC MAP Vision. Pre-pandemic occupancy was 88.9%. Still, occupancy is up 97 basis points compared […]
NIC MAP Vision
The largest gains in occupancy were for skilled nursing care – for both entrance fee continuing care retirement communities (CCRCs) and rental CCRCs. But, CCRCs still have challenges related to the pandemic and need to make up more ground on occupancy despite the progress in the last year. That is according to a blog post […]
Medicaid revenue per patient day (RPPD) for skilled nursing facilities is at an all-time high. That’s according to the latest data from NIC MAP Vision, which released its new skilled nursing monthly report on March 30. Despite this new benchmark being reached, Medicaid rates still often are not high enough to cover the cost of […]
Lenders, operators, industry lobbying organizations and consumer advocates all agree that an expansion of skilled nursing financing programs through the Department of Housing and Urban Development (HUD) could be a game-changer in driving much-needed innovation. Building on suggestions from the National Academy of Sciences, Engineering, and Medicine (NASEM), the authors of a recent Health Affairs […]
The nursing home industry remains largely fragmented, evidenced by the fact that just under one-third of the sector is currently made up of single site providers. But that number is beginning to slowly decline — having fallen two percentage points over the course of the Covid-19 pandemic, according to NIC MAP Data, powered by NIC […]
Lenders in the skilled nursing space are increasingly more selective with their financing, adopting stricter underwriting standards while regulatory uncertainties and reimbursement changes leave investors more reserved. There is also a more defined shift toward a buyers’ market as well, as more transactions come back across the sector, according to analysts in the space. A […]
As the Biden administration continues down its path toward comprehensive nursing home reform, owners and investors in the space have kept a close ear to the ground when it comes to federal leaders’ increasingly loud opposition toward certain for-profit models — perhaps for good reason. Congresswoman Jan Schakowsky of Illinois and Congressman Mark Takano of […]
Skilled nursing occupancy declined slightly, reaching 77.3% at the end of June, after seemingly positive momentum over the last several months. Prior to the nine basis point decline seen in June, the sector saw occupancy pick up 522 basis points since its low point in January 2021, according to data from the NIC MAP Data […]
Nursing home occupancy continues to climb from its pandemic low of 74% in the first quarter of 2021 – the data point currently sits at 78.5%. NIC MAP Vision reported a 0.9 percentage point increase for skilled nursing census during the second financial quarter, but the number remains below pre-pandemic levels of 86.6%. That’s an […]
Ongoing staffing shortages and the lingering effects of the Covid-19 pandemic hampered skilled nursing census recovery in 2021. Occupancy during that time frame was down 11.2 percentage points compared to pre-pandemic levels in 2019. That’s according to the NIC MAP Vision skilled nursing annual data report, which includes metrics calculated based on a 12-month rolling […]
Skilled nursing occupancy continues to reach new pandemic highs – reaching 77.1% at the end of March 2022 – as recovery continues after a slight downturn during the height of the omicron variant. The sector’s occupancy has increased 1.2% since January, according to data from the NIC MAP Data Service, powered by NIC MAP Vision. […]
Skilled nursing leadership believes the sector won’t be receiving any more significant funding support from the federal government moving ahead, despite a dragging occupancy rebound and historic labor shortage. The SNF market will become increasingly more financially stressed as operators struggle to pay back Medicare advances and payroll tax deferrals as well, according to Brian […]
Skilled nursing has seen its highest occupancy level since April 2020, increasing 94 basis points to end February at 76.7%. That’s according to NIC MAP Data Service, powered by NIC MAP Vision. Authors of the monthly report suggest the demand for skilled nursing properties is recovering despite challenges encountered by staffing shortages and the delta […]
Occupancy recovery is picking up for the nursing home sector after a slight fall to begin 2022, according to a new data analysis from the data service affiliated with the National Investment Center for Seniors Housing & Care (NIC). Skilled nursing occupancy reached 77.6% in the first quarter of 2022, according to a NIC MAP […]
Capital providers dealing in the skilled nursing space are pushing back on the White House’s position on institutional capital, stressing the need for it in the sector. While institutional capital is critical to many of the key players in the space, some capital providers say newer owner-operators will have a hard time getting the necessary […]
Skilled nursing workers are in the midst of a mass exodus from the profession, and not even unprecedented wage increases can compensate for the concerns of the 238,000 caregivers who have left the industry since the start of the COVID-19 pandemic. The combination of workload, environment, culture and the physical and emotional strain exacerbated an […]
Nursing homes gained 1,600 jobs in February, a modest increase compared to home health and physician offices at 20,000 and 15,000, respectively, according to data compiled by the U.S. Bureau of Labor Statistics (BLS). The sector added 3,800 hires from December 2021 to January 2022, BLS data found. To put this data in perspective, nursing […]
Private equity investment in the skilled nursing space has gained steam over the last few years, even before the COVID-19 pandemic, and that is only expected to continue in 2022 as more competition has returned to the marketplace. The trend was evident throughout 2021 as the most active buyers throughout the year were private equity […]
Skilled nursing property occupancy has been “relatively flat” since July, a trend that continued in the month of November. The occupancy rate sat at 75.7% by the end of November, increasing a mere 28 basis points from September to October. That’s 381 basis points higher than the low point reached in January 2021 (71.9%). That’s […]
Staffing is unequivocally, and unsurprisingly, the top challenge for the skilled nursing industry in 2022. That’s according to the Skilled Nursing News 2022 outlook survey, conducted online late last year as a way to identify the top sources of concern and opportunities leaders saw in the year ahead. Labor challenges are not only widespread, but […]
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