NIC Notes

Insights in Seniors Housing & Care

Market Trends  |  NIC MAP Vision  |  Skilled Nursing

Skilled Nursing Occupancy Increases Further in May 2021

By: Bill Kauffman  |  August 11, 2021

  Medicare RPPD down 2.4% from the high set in June 2020. NIC MAP® Data Service, powered by NIC MAP Vision, released its latest Skilled Nursing Monthly Report on August 5, 2021, which includes key monthly data points from January 2012 through May 2021.

Economic Trends  |  Workforce

Much Attention to Strong July Employment Report: Jobs Up by 943,000

By: Beth Mace  |  August 09, 2021

The Labor Department reported that nonfarm payrolls rose by a strong 943,000 in July 2021 and an upwardly revised 938,000 in June. The consensus estimates for July had been for a gain of 858,000. Nonfarm payrolls are now up by 16.7 million since April 2020 but remain down by 5.7 million or 3.7% from pre-pandemic levels of February 2020. The data show that the U.S. recovery from the pandemic remains in place and that the hindrance on hiring from labor shortages may be easing.

Ideas and Discussion  |  NIC Fall Conference  |  Seniors Housing  |  Skilled Nursing

Senior Living Executive Fee Stubblefield: The Workforce Is Key to Resident Satisfaction, Industry Success

By: NIC  |  August 05, 2021

The rapid growth of the older population is a bright spot for growth in senior living. But will quality keep pace with this demographic growth? “The workforce is the key to the future,” said Fee Stubblefield, founder and CEO at The Springs Living. Based in McMinnville, Oregon, the company owns and operates 18 senior living communities in the Northwest. Two new developments are underway. “Solving the workforce challenge is the number one issue impacting the quality of senior housing,” he added.

Market Trends  |  NIC MAP Vision  |  Seniors Housing  |  Skilled Nursing

Seniors Housing Occupancy Shows Nascent Signs of Improvement at the Property Level

By: Beth Mace and Omar Zahraoui  |  July 30, 2021

The recently released NIC MAP® Data, powered by NIC MAP Vision, show that the seniors housing occupancy rate remained unchanged for the aggregated 31 NIC MAP Primary Markets in the second quarter of 2021. However, a recent analysis by NIC Analytics digs further and finds a substantial rise in the share of properties with increasing occupancy rates in 2Q2021.