NIC Notes

Insights in Seniors Housing & Care

Ideas and Discussion  |  Market Trends  |  NIC Fall Conference  |  Seniors Housing  |  Skilled Nursing

Last Chance to Register for the 2021 NIC Fall Conference

By: NIC  |  October 22, 2021

A week from today, thousands of leaders in senior housing and care will convene, in person, for three days of networking, deal-making, and strategic insight. For many, the 2021 NIC Fall Conference is the most important event of the year, particularly during a time of disruption which is presenting significant challenges – and major opportunities. Most are likely looking forward to meeting friends, old and new, in person, and to being able to return to a sense of normalcy.  Veterans of previous NIC conferences will notice some changes from past events, but will nonetheless enjoy all of the business benefits, and perks, that they have come to expect from this highly anticipated event. NIC, working closely with event health and safety leader, SafeExpo, as well as in close coordination with the management and staff of the Marriott Marquis Houston, has designed the event both to be as safe as possible, and as rewarding as ever.  No Onsite Registration  Due to safety requirements, NIC is closing registration this Thursday, October 28th, and will not offer onsite registration. It’s not too late to sign up and upload proof of vaccination – but procrastinators (you know who you are) must register now. See here for details. 

The Labor Crisis: A Ripple Effect and Dilemma for SNFs

By: Omar Zahraoui and Bill Kauffman  |  October 22, 2021

This blog post provides a NIC Analytics review of data that highlights and quantifies the number one issue facing operators of skilled nursing facilities: staffing shortages. Labor shortages are particularly acute for nursing staff and aides who are often the hands-on workers with direct and intimate relationships with residents and patients. Staffing has generally been a challenge for the sector but since the onset of the pandemic staffing shortages have become pervasive across the industry.

Economic Trends  |  Market Trends  |  Seniors Housing

Social Security Benefits to Increase Significantly in 2022

By: Ryan Brooks  |  October 19, 2021

The Social Security Administration announced they will raise Social Security and Supplemental Security Income (SSI) benefits by 5.9% for approximately 70 million Americans – 64 million Social Security beneficiaries and 8 million SSI recipients. This adjustment is set to take effect with benefits that Social Security beneficiaries receive beginning in January 2022.

COVID-19  |  Executive Survey Insights  |  Seniors Housing

Executive Survey Insights | Wave 33: September 7 - October 3, 2021

By: Lana Peck  |  October 14, 2021

"In the Wave 33 survey, roughly 50% of respondents with senior living residences report that the pace of move-ins accelerated in the past 30-days—a notable increase from the prior survey. The shift was smaller for nursing care. Increased resident demand was the primary reason for acceleration in move-ins. Operators have suffered pandemic-related vacancies and myriad unplanned expenses and NOI has been pressured.