The NIC Analytics team recently released the inaugural NIC Lending Trends report. The timely report provides first quarter 2021 data as well as nearly five years of data of senior housing and nursing care loan volumes and loan balances from a range of debt providers.
What’s ahead for senior housing and care? Randy Bufford has some thoughts on the topic. As Founder and Chairman of Trilogy Health Services, Bufford is one of the thought leaders attending the 2021 NIC Fall Conference in Houston. The Conference is NIC’s first in-person convening of leaders in senior housing and care since the pandemic began.
According to the most recent CMS data compiled by NIC’s Skilled Nursing COVID-19 Tracker, 4.8% of skilled nursing facilities (SNFs) reported newly confirmed cases among residents for the week ending August 1, 2021. Half of these facilities had a vaccination rate among staff below 49%, which is 12 percentage points below the national average rate of staff fully vaccinated (60.7%) according to NIC’s Skilled Nursing Covid-19 Tracker.
“Despite the rise in circulation of the Delta variant of the COVID-19 virus, resident demand remains the driving force behind acceleration in the pace of move-ins. Between roughly 55% and 60% of organizations report that the pace of move-ins accelerated in the past 30-days, and similar proportions report a corresponding increase in occupancy. Other reasons for relatively strong pace of move-ins include residents moving through the continuum of care and the success of redoubled marketing efforts.