NIC Notes

Insights in Seniors Housing & Care

CCRC  |  Market Trends  |  Senior Housing  |  Skilled Nursing

CCRC Care Segment Performance 4Q 2021

By: Lana Peck  |  February 17, 2022

The following analysis examines current conditions and year-over-year changes in inventory, occupancy, and same-store asking rent growth—by care segments within entrance fee CCRCs compared to rental CCRCs—to focus a lens on the relative performance of care segments within CCRCs during the fourth quarter of 2021. Overall CCRC occupancy by profit status and CCRC vs. non-CCRC occupancy differences by care segment will also be addressed.

Business Environment  |  COVID-19  |  Executive Survey Insights  |  Skilled Nursing Tracker

Executive Survey Insights Wave 37: January 10 to February 6, 2022

By: Lana Peck  |  February 10, 2022

The spread of the COVID-19 Omicron variant (and seasonality) had a moderate impact on the pace of move-ins. While the pace of move-ins slowed during the Omicron surge, residents were not leaving out the back door of communities at the same rates that they did earlier in the pandemic. Respondents with nursing care beds cited lack of available staff, fewer hospital discharges due to COVID-19, and the holidays as reasons for a deceleration in the pace of move-ins. Notably, between 70% and 80% of organizations reported no change in the pace of move-outs, indicating that most residents have remained in their communities.

Executive Survey Insights  |  Senior Housing

Executive Survey Insights Wave 36: December 6, 2021 - January 9, 2022

By: Lana Peck  |  January 13, 2022

One-half of respondents (52%) in Wave 36 anticipate their organization’s operating margins will improve in the next six months. One-third (32%) expect a 1% to 5% increase, and an increasing share (16%) anticipates growth between 6% and 10%. However, labor costs will continue to be a mitigating factor. Nearly all respondents since July have been paying staff overtime, and the use of expensive agency/temp staff is growing, with nine out of ten organizations (89%) now tapping agency/temp staff.

Executive Survey Insights  |  Senior Housing

Executive Survey Insights Wave 35: November 8 - December 5, 2021

By: Lana Peck  |  December 16, 2021

In the Wave 35 survey, nearly half of organizations with multiple properties (45%) reported staff shortages in all their properties—up from roughly one-third (30%) in the Wave 24 survey conducted mid-March. While attracting community and caregiving staff remains a significant challenge, the percentage of organizations citing staff turnover increased from about one-half (53%) to more than two-thirds (70%) since mid-June.