Regulatory Environment | Skilled Nursing
By: Bill Kauffman | March 27, 2020
The Centers for Medicare and Medicaid Services (CMS) have taken numerous actions in response to the coronavirus pandemic. Importantly, some are actions to assist with continued access to care and many to ensure the safety of residents and staff. Initial responses included restricting visitors to skilled nursing facilities and changing the rules for covered facility stays. Patients who remain in the hospital fewer than three days may now receive Medicare-reimbursed skilled nursing care. The following are the summaries and links to CMS for further details.
Economic Trends | Seniors Housing | Workforce
By: Beth Mace | March 26, 2020
The Department of Labor reported that 3,283,000 Americans filed for unemployment insurance benefits in the week ending March 21, 2020 as the COVID-19 pandemic shut down much of the economy. The weekly report is among the first economic indicators to show the effects of the virus on the economy. This was an increase of 3,001,000 from the previous week’s level of 282,000. This shattered records and was the highest level of initial claims in the history of the series. At its worse during the Great Recession, there were 665,000 first-time claims filed in the week ended March 28, 2009. That was second only to the week ended October 2, 1982, when 695,000 first-time claims were filed. This report compares poorly with the average 225,000 claims filed by people during each week during the past six months.
By: NIC | March 24, 2020
Residents and Their Families Are Not Abandoning These Communities
Market Trends | Seniors Housing
By: Beth Mace | March 18, 2020
Of the 99 NIC MAP® primary and secondary metropolitan markets that the NIC MAP® Data Service reports on across the nation, 11 are in California.1 Within these metropolitan markets, NIC tracks 937 seniors housing properties with 107,500 units, or nearly 12% of the seniors housing properties within the 99 markets. By coincidence, this share is comparable to California’s 12% share of the total U.S. population (39.6 million people live in California versus 327 million in the U.S. as of 2018). Within the state, performance measurements vary considerably.
