The impacts of the pandemic and resulting workforce contraction affected healthcare industries differently. Nursing care facilities, continuing care retirement communities (CCRCs), and assisted living properties have experienced a longer workforce contraction compared with other adjacent healthcare industries.
NIC's Skilled Nursing COVID-19 Tracker, featuring the most up-to-date CMS data,* shows that rates of new COVID-19 infections in skilled nursing facilities are rising once again for both residents and staff.
It is no surprise that the COVID-19 pandemic had a tremendous impact on skilled nursing occupancy. But what exactly happened? This article provides the insights on supply and demand dynamics and the disparities between property level occupancy rates for freestanding skilled nursing properties.
Despite the headwinds created by the Omicron surge and the consequential staffing crisis, senior housing stabilized occupancy for the NIC MAP® Primary Markets held its ground in February 2022. This was also the case in September 2021 when occupancy withstood the Delta surge and was unchanged from August 2021.