Medicaid Revenue Per Patient Day Up But Cost of Care Still a Concern. NIC MAP® Data Service released its latest Skilled Nursing Monthly Report on February 4, 2021, which includes key monthly data points from January 2012 through November 2020. Here are some key takeaways from the report: Occupancy Occupancy continues to be challenged for skilled nursing properties, with the November 2020 occupancy rate falling to a new low of 74.2%. It was down 69 basis points from October (74.9%) and 11.2 percentage points from pre-pandemic levels in February 2020 (85.4%) and 10.7 percentage points from year-earlier levels. Since February 2020, COVID-19 has significantly impacted skilled nursing operations across the country due to high acuity levels of residents, pandemic-related deaths as well as fewer elective surgeries at hospitals which have resulted in less need for rehab services often provided by nursing care properties. As the country and the skilled nursing sector navigate through the Winter months and vaccine distributions, it is likely that occupancy will continue to face pressure.
Managed Medicare revenue mix at 9.1%. NIC MAP® Data Service released its latest Skilled Nursing Monthly Report on December 30, 2020, which includes key monthly data points from January 2012 through October 2020.