Nursing home occupancy in December, January and February proved resilient against the omicron spike despite a high COVID-19 caseload and, as a result, a workforce shortage exacerbated by the more contagious variant. Occupancy fluctuated during the omicron surge but month-to-month changes were 0.7% at most and was considered “relatively stable” – whereas the fall 2020 […]
NIC
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 […]
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 […]
More than half of the senior care executives who partook in a recent National Investment Center for Seniors Housing & Care (NIC) survey said they anticipate operating margins to improve in the next six months, albeit diminished due to continued high labor costs. One-third of respondents expect a 1% to 5% improvement, while 16% are […]
Operators are less optimistic that occupancy will return to pre-pandemic levels by 2022, with more than one-quarter, or 26%, now anticipating recovery in 2023. The latest National Investment Center for Seniors Housing & Care (NIC) executive survey saw leadership outlook change compared to its September survey – earlier in the year, four out of five […]
While nursing home operators have largely relied on help from the federal government by way of the Provider Relief Fund (PRF) and other mechanisms to get through the COVID-19 pandemic, some leaders have found more success refocusing advocacy efforts to state legislatures for future funding. “When the stimulus bill came out and passed with trillions […]
While the long-term care industry continues to see labor shortage pressures impact day-to-day operations and, at times, hinder the ability to improve occupancy levels, the impending decline in the availability of family caregivers could present future growth for congregate care settings. “On the one hand it’s challenging to find that staff, but on the other […]
Occupancy continued to grow through the month of June for nursing homes — five months in a row — according to NIC MAP data released Thursday by NIC MAP Vision. That’s 297 basis points up from the industry’s low of 71.2% in January. June’s occupancy percentage was 74.2%. Investors are optimistic for the future of […]
Occupancy is still increasing month to month, but at a slower pace compared to earlier this year, according to a new data analysis from the data service affiliated with the National Investment Center for Seniors Housing & Care (NIC). From April to May the NIC MAP Vision report found occupancy rose 23 basis points to […]
LTC Properties says they’re not seeing many investment opportunities in the skilled nursing space currently, but their approach hasn’t changed — they remain committed to the space. Pricing has been surprisingly robust compared to other senior sectors such as private-pay senior living due to financial support provided by the CARES Act Provider Relief Fund. Total […]
The private sector has become more interested in investing in skilled nursing assets this past year into 2021, thanks to less competition from the public sector and (in some cases) distressed sales due to the pandemic. Public skilled nursing facility (SNF) owners like LTC Properties, Welltower Inc. and Omega Healthcare, meanwhile, are less inclined to […]
Increasing demand for skilled nursing services is a good sign for the industry, according to several experts who spoke on SNN’s annual outlook webinar, but a continued squeeze on margins may affect some facilities’ ability to keep their doors open in 2020. Although the Patient-Driven Payment Model (PDPM) looks like good news, with increased reimbursements […]
More than a year after Welltower’s (NYSE: WELL) mega-deal to snap up skilled nursing giant HCR ManorCare, the real estate investment trust’s CEO says the partnership is on the right financial footing. “They’re on track,” Tom DeRosa said of the early financial results in a recent interview with the National Investment Center for Seniors Housing […]
Reliant Care Management Group, based in Maryland Heights, Mo., had a busy summer. The company, which has 20 skilled nursing facilities and five assisted living facilities in Missouri and Illinois, recently executed a deal to sell the real estate of eight SNFs to Griffin-American Healthcare REIT IV, Inc. for $88.2 million. Reliant is staying on as […]
Over the last half-decade, there have been two consistent and opposing trends in the skilled nursing world: Occupancy keeps declining as seniors find other options for long-term care, but bed prices have kept steadily chugging upwards. And while there are solid reasons for those seemingly counterintuitive threads, there are questions in the operational and investment […]
Medicare Advantage plans continue to gain traction among skilled nursing residents and other long-term care patients, and one of the world’s biggest companies is poised to throw its hat into the ring. The New York City-based insurer Oscar Health announced last week that Google’s parent company, Alphabet Inc., plans to invest $375 million into the […]
While individual star ratings are important for skilled nursing providers, a high number doesn’t always mean they are providing the best care and seeing lower rehospitalization rates. As the skilled nursing industry continues to adapt to new value-based care models, the importance of the Five-Star Quality Rating System from the Centers for Medicare & Medicaid […]
With managed plans gobbling up an increasing share of Medicare enrollees, skilled nursing executives need to gain fluency in the language of insurance providers — or risk being left behind. That was the message from a recent panel discussion at the National Investment Center for Seniors Housing & Care (NIC) Spring Investment Forum in Dallas, […]
In the past, nailing down a partnership with a local hospital or home health agency might have simply been a matter of providing the right free breakfast to the right group of hungry administrators. But in a world with shifting payment models and increasing emphasis on outcomes, skilled nursing providers must step up their game with […]
The number of skilled nursing stays among Medicare recipients dropped 15% over the last several years — but not necessarily for the reason many in the industry might believe. Instead of lower-cost options like home health cutting into demand for nursing home services, the post-acute sector in general is seeing declines amid an overall drop in […]
Subscribe
Receive industry updates and breaking news from SNN.