By: Beth Mace | December 03, 2021
The Labor Department reported that nonfarm payrolls rose by 210,000 in November 2021. The consensus had been for an increase of 550,000. This was a sharp slowdown from October when jobs increased by 546,000 (originally reported as 531,000) and from September when jobs grew by an upwardly revised 379,000 (originally reported as 312,000).
COVID-19 | Market Trends | Senior Housing | Skilled Nursing
By: Omar Zahraoui | December 02, 2021
A Pandmeic Initiative In spring 2020, responding to the onset of the COVID-19 pandemic, NIC launched numerous initiatives to help senior living leaders understand and improve their responses to the crisis. Given the pace of change impacting the industry, NIC began to produce a high volume of relevant and timely data and analysis more frequently than ever before. In just a few months, NIC produced an entire suite of resources aimed at improving access to data and analysis relevant to the impact of COVID-19 on the senior housing and care industry. Part of that effort was to release the NIC Intra-Quarterly Snapshot reports, which, like several other pandemic-related NIC initiatives, is still being produced today.
Regulatory Environment | Senior Housing | Skilled Nursing
By: Ryan Brooks | November 23, 2021
Updated November 23, 2021 (original blog posted June 29, 2021). The primary tool CMS has for enforcing care standards at skilled nursing properties are civil monetary penalties (CMPs), which are essentially fines for facilities found to be out of compliance with CMS care standards. Based on a national average, CMS penalties for skilled nursing properties had been on the rise from 2016 to the third quarter of 2019.
COVID-19 | Executive Survey Insights | Senior Housing
By: Lana Peck | November 18, 2021
“Lead volumes are improving. In Wave 34 of the survey, one-third of organizations report lead volumes reaching pre-pandemic levels (33%), up from just one-fifth back in April 2021 (20%). During the pandemic new construction lending had slowed sharply. A recent increase in construction lending is reflected in the Wave 34 survey where 41% of respondent organizations now expect their development pipelines to increase.
