The second quarter of 2016 marked a significant drop in volume for closed seniors housing and care property sales transactions. Volume in the second quarter registered $1.6 billion. That includes $1 billion in seniors housing and $600 million in nursing care. The total volume was down 61% from the previous quarter’s $4.3 billion and down 81% from the second quarter of 2015, when volume came in at $8.7 billion.
NIC released its Skilled Nursing Data Report on June 21, 2016. This is the second release of the report and includes key monthly data points from October 2011 through March 2016. In this week’s blog post, we’ll take a closer look at the release and provide a detailed analysis.
Hospital relationships are a critical component for success within the current post-acute care (PAC) environment. With hospitals now more willing than ever to listen, building these relationships should be one of the top priorities for skilled nursing providers and other PAC providers. Most likely, a partnership is the approach to take, rather than simply a referral source engagement. To be a successful post-acute provider in the ever-changing world of value-based payments, the partnership way of thinking should be top of mind.
NIC released its initial Skilled Nursing Data Report on March 10, 2016. The report included a few key data points that showed time-series data from October 2011 through December 2015. This week’s blog post provides a more detailed analysis of the current data release.