NIC Notes

Insights in Seniors Housing & Care

COVID-19

COVID-19 Testing Method Discussed in NIC Leadership Huddle Gains FDA Approval

By: NIC  |  August 20, 2020

Late last month, NIC’s Leadership Huddle webinar, “From Pro Sports to Senior Care: Innovations in Testing, Tech, and Protection,” offered a glimpse into the future of COVID-19 testing with a discussion of the saliva-based test under development at Yale University and funded by the NBA and the National Basketball Players Association. The Food and Drug Administration (FDA) this week issued an emergency use authorization approval allowing public use of the test.

NIC Leadership Huddle

NIC Leadership Huddle | Coping with the Pandemic: Shifting from a Sprint to a Marathon

By: NIC  |  August 17, 2020

The COVID-19 pandemic is far from over, and still threatens older adults. Operators are implementing new protocols to keep residents safe, but the future is still very unclear, particularly regarding the duration of the pandemic. As a result, operators are shifting their approach from a sprint, dealing with immediate, life-threatening emergencies, to a marathon without a known finish line. In NIC’s tenth “Leadership Huddle” webinar, operators, joined by an executive coach, discussed how they are shifting to this new paradigm, and how this longer-term vision of the pandemic will impact psychology, overall costs, and the bottom line.

COVID-19  |  Seniors Housing

Technology Boosts Contact Tracing Efforts in Senior Living Communities

By: NIC  |  August 11, 2020

Contact tracing has emerged as a first-line defense at senior living communities in the fight against the pandemic. Knowing who has tested positive for COVID-19 and being able to identify their contacts has helped to keep community outbreaks in check.

Economic Trends  |  Seniors Housing  |  Workforce

Payrolls rise by 1.8 million in July, but still 12.9 million less than in February

By: Beth Mace  |  August 07, 2020

The Labor Department reported that nonfarm payrolls rose by 1.8 million in July and that the unemployment rate fell to 10.2%. This suggests that the employment recovery from the unprecedented COVID-related drop in March and April continues to reverse course, although the pace of recovery appears to be slowing. The 1.8 million job gain in July was less than the increases of 4.8 million in June and 2.7 million in May. Combined, 9.3 million jobs were generated in May, June and July, recouping some of the 22.2 million jobs lost in March and April. Nevertheless, the July level of employment was lower than its February level by 12.9 million positions or by 8.4%. While the July improvement is welcome news, the labor market continues to be strained and the recent spike in the virus across many states could hamper further gains. Indeed, some states are backtracking plans to reopen as coronavirus infections are rising again.