Here are some actionable insights. Amid an industry-wide frustration with an exceptionally tight labor market and quickly rising wages, new approaches to recruit and retain good workers were detailed at the 2022 NIC Spring Conference in Dallas. The session, “Fostering Meaningful Engagement: Industry Staffing and Labor Needs,” included presentations by four experts followed by a brainstorming session for industry stakeholders to share ideas on effective strategies.
NIC Leadership Huddles returned on May 11 with a timely focus on the state of senior housing and skilled nursing and the path to recovery. Beth Mace, chief economist and director of outreach at NIC, Brian Beckwith, chief executive officer of Arcus Healthcare Partners, and Craig D. Hanson, chief executive officer of Omega Senior Living, shared insights on potential regulatory changes, market activity, and ongoing workforce and occupancy challenges that continue to impact owners, operators, and investors. Join the Next Complimentary NIC Leadership Huddle Prominent Real Estate Research Directors Discuss Market Trends and the Economic Outlook May 25, 2022 at 1:00 PM ET
2022 NIC Spring Conference Session: “Debt & Equity Trends in Senior Living.” With the Federal Reserve taking aggressive steps to curb inflation by raising interest rates through several hikes, senior living stakeholders are sizing up the possibilities of a slowing economy and higher debt costs. The labor shortage is another big concern.
NIC MAP Vision clients, with access to NIC MAP® data, attended a webinar in mid-April on key seniors housing data trends during the first quarter of 2022. Findings were presented by the NIC Analytics research team. Key takeaways included the following: