Business Environment | Senior Housing | Skilled Nursing
By: NIC | April 22, 2020
Interest in telehealth shifted into high gear over the last month as senior living providers quickly recognized the benefits of caring for residents with virtual visits as the COVID-19 pandemic unfolds.
Ideas and Discussion | Senior Housing | Skilled Nursing | Workforce
By: NIC | April 17, 2020
In response to the COVID-19 pandemic and associated economic crisis, NIC has launched a number of initiatives designed to inform the seniors housing and care industry, even at today’s rapid pace of change. One of these is our “Executive Insights Survey,” which takes the pulse of hundreds of operators, representing thousands of properties across the country. Survey results and analysis are now published weekly, on this NIC Notes blog.
Economic Trends | Senior Housing | Workforce
By: Beth Mace | April 16, 2020
The Department of Labor reported that 5,245,000 Americans filed for unemployment insurance benefits in the week ending April 11, 2020 as the COVID-19 pandemic continues to cause businesses to reduce or furlough their workforces as sales plummet. This was a decline of 1,370,000 from the previous week’s upwardly revised level of 6,615,000. The speed and scale of the job losses is unprecedented. In the past four weeks, more than 22 million people have filed claims. For perspective, there were about 21.5 million jobs generated during the employment expansion that began in October 2010 or said another way, it took four weeks to lose the jobs it took 9.5 years to generate.
Executive Survey Insights | Market Trends | Senior Housing | Skilled Nursing
By: Lana Peck | April 16, 2020
A NIC report developed to provide timely insights from owners and C-suite operators on the pulse of seniors housing and skilled nursing sectors. This report marks the second installment of findings from NIC’s weekly Executive Survey of operators in seniors housing and skilled nursing. The report highlights the findings from responses collected at the beginning of the pandemic to now as operators experience changing market conditions due to the COVID-19 threat to residents, staff and business operations; effects of social distancing mandates from state and local governments and seniors housing and care organizations themselves; and the economic effects of shuttered non-essential businesses on local economies.
