NIC Notes

Insights in Seniors Housing & Care

Executive Survey Insights  |  Seniors Housing

Executive Survey Insights | Wave 19: December 28 to January 10, 2021

By: Lana Peck  |  January 14, 2021

“The drag on occupancy rates continued to be observed in the Wave 19 survey results. This likely reflects a combination of challenges in backfilling COVID-related vacancies as well as the effects of typical seasonality during the holidays and winter months. Despite reports of record-high COVID-19 cases across the country occurring daily, roughly two-thirds of respondent organizations were not increasing move-in restrictions presumably in part due to operator innovations in infection mitigation and creative visitation protocols which have gained acceptance from many residents and families. Long-anticipated as a game-changer with regard to improving occupancy, many operators are now starting to receive the COVID-19 vaccine. The Wave 20 survey is currently collecting data on the distribution of the vaccine to provide new insights for decision-makers.”                                                                                                                                                                 –Lana Peck, Senior Principal, NIC

Executive Survey Insights  |  Seniors Housing

Executive Survey Insights | Wave 18: December 17 to December 27, 2020

By: Lana Peck  |  January 08, 2021

“The effect of the pandemic’s surge in the Fall is reflected in NIC’s recent ESI survey results. The November surveys (Waves 15 and 16), which provided insights into operator experiences in October, showed new downward trends in the pace of move-ins, move-outs, and occupancy rates across the continuum of care. These trends continued into the holiday season. More survey respondents reported drops in occupancy in the past 30-days than increases. In light of COVID-19 infection positivity rates rising across the country, more organizations in Wave 18 cited self-imposed or government-imposed move-in restrictions as a reason for slowing the pace of settling residents into their communities." --Lana Peck, Senior Principal, NIC

Executive Survey Insights  |  Seniors Housing

Executive Survey Insights | Wave 17: November 30 to December 13, 2020

By: Lana Peck  |  December 17, 2020

“The pace of move-ins continued to be sluggish in Wave 17 with more survey respondents reporting declines in occupancy rates than increases in occupancy for each of the four care segments. Fewer organizations cited stronger resident demand as a factor influencing the pace of move-ins. Comments by survey respondents added color to the key survey findings: several leaders of their organizations cited rising COVID-19 cases among residents and staff in some properties resulting in stress in containing outbreaks and maintaining staffing levels amid wage growth and hazard pay challenges. While some operators were eagerly anticipating the arrival of the vaccine, others expressed frustration with new slowdowns in the turnaround times for receiving COVID-19 lab test results.”

COVID-19  |  Executive Survey Insights

Executive Survey Insights | Wave 16: November 9 to November 22, 2020

By: Lana Peck  |  December 03, 2020

“Due to growing cases of COVID-19 in many parts of the country, market conditions appear to be trending in a similar pattern to that seen earlier in the pandemic. More organizations in Wave 16 reported occupancy rate declines over the past 30 days in the segments serving residents with higher levels of care needs as the pace of move-ins has slowed. The deepest occupancy rate declines were in the nursing care segment, with about one-third of organizations with nursing care beds reporting occupancy declines of three percentage points or more. Residents moving to higher levels of care, cited by one-half of respondents, may be one of several possible factors in greater shares of organizations reporting an acceleration in move-outs for each of the care segments. As potential new residents wait on the sidelines and delay moving into properties, operators remain challenged to backfill newly available units. Recent announcements of vaccine approvals should help restore occupancy in the coming months.”