Economic Trends | Market Trends | Senior Housing
By: Beth Mace | February 14, 2018
As 2018 continues to unfold, construction pipelines are expected to remain full. Near-record low occupancy levels in assisted living will remain tested, while occupancy pressures will grow in independent living as well.
Economic Trends | Regulatory Environment | Senior Housing | Skilled Nursing | Workforce
By: Liz Liberman | February 07, 2018
The Centers for Medicare & Medicaid Services (CMS) recently announced a new, voluntary bundled payment program, designed to curb Medicare costs for 32 different medical episodes by paying providers a single payment per episode. The new program puts hospitals and physicians in the driver’s seat, enabling them to select or convene care delivery partners and distribute financial benefits earned as a result of reducing the costs to Medicare. The new model, Bundled Payments for Care Improvement Advanced (BPCI Advanced), will replace existing voluntary BPCI models, including BCPI 3, which put skilled nursing providers in charge of care episodes. BPCI Advanced includes several incentives for participation among hospitals and physician groups, but not without drawbacks. If BPCI Advanced gains traction, skilled nursing providers may have to adapt to benefit from the model or risk being left out.
By: Beth Mace | February 02, 2018
The Labor Department reported that there were 200,000 jobs created in the U.S. economy in January. This was above the consensus expectation of 180,000 jobs. This marked the 88th consecutive month of positive job gains for the U.S. economy. Revisions subtracted 24,000 jobs to the prior two months. For all of 2017, the economy generated 2.2 million jobs. This marks the second time on record that the economy has created at least 2 million jobs a year for seven consecutive years (the first time was in the 1990s). The 2.1 million increase was less than the 2.3 million gain in 2016, however.
By: Bill Kauffman | January 31, 2018
The 2017 preliminary closed transactions data is in and it shows a slight decline in dollar volume compared to 2016. Seniors housing and care closed transaction volume in 2017 registered $14.1 billion, which included relatively weak second and fourth quarter transaction volume. The $14.1 billion includes $7.9 billion in seniors housing and $6.2 billion in nursing care. The total volume was down 2.8% from the previous year’s $14.5 billion, but down 35.5% from 2015 when volume came in at $21.9 billion. If these figures hold as we finalize the 2017 numbers then it will be the lowest year in closed transactions volume since 2012.
