NIC Notes

Insights in Seniors Housing & Care

NIC MAP Vision  |  Skilled Nursing

Skilled Nursing Occupancy Reached New Low In November 2020

By: Bill Kauffman  |  February 10, 2021

Medicaid Revenue Per Patient Day Up But Cost of Care Still a Concern. NIC MAP® Data Service released its latest Skilled Nursing Monthly Report on February 4, 2021, which includes key monthly data points from January 2012 through November 2020. Here are some key takeaways from the report: Occupancy Occupancy continues to be challenged for skilled nursing properties, with the November 2020 occupancy rate falling to a new low of 74.2%. It was down 69 basis points from October (74.9%) and 11.2 percentage points from pre-pandemic levels in February 2020 (85.4%) and 10.7 percentage points from year-earlier levels. Since February 2020, COVID-19 has significantly impacted skilled nursing operations across the country due to high acuity levels of residents, pandemic-related deaths as well as fewer elective surgeries at hospitals which have resulted in less need for rehab services often provided by nursing care properties. As the country and the skilled nursing sector navigate through the Winter months and vaccine distributions, it is likely that occupancy will continue to face pressure.

Skilled Nursing

COVID-19 Case Counts Falling in Skilled Nursing Properties Following Vaccine Rollout

By: Omar Zahraoui  |  February 09, 2021

Nursing homes have disproportionately suffered during the COVID-19 pandemic, housing some of those most vulnerable to the virus. Over the past year, the rate of new COVID-19 cases among skilled nursing residents moved nearly in tandem with the rate of new cases within the nation as a whole. However, the distribution and administration of vaccines looks to be having an impact on this susceptible population.

Business Environment  |  NIC Leadership Huddle  |  Senior Housing  |  Skilled Nursing

NIC Leadership Huddles Kick Off 2021 with Timely Policy Outlook

By: NIC  |  February 08, 2021

NIC Leadership Huddles are back. The popular live webinar series, which NIC initially launched as part of its response to the COVID-19 pandemic last year, launched anew on January 27, with a very timely focus on policy, just a week after the swearing in of President Biden. The new series, which offers a complimentary new Leadership Huddle twice each month into July, seeks to retain the same level of relevance, and quality of discussion, which drew thousands of industry decision-makers to the Leadership Huddles in 2020.

Economic Trends  |  Senior Housing

Pandemic Limits Job Gains in January to 49,000

By: Beth Mace  |  February 05, 2021

The Labor Department reported that nonfarm payrolls inched up by 49,000 in January and that the unemployment rate fell 0.4 percentage points to 6.3%. The consensus estimates for January had been for a gain of 105,000 jobs. Through January, 9.9 million jobs have been lost since February. Health care declined by 39,000 jobs in January, with losses in nursing care facilities (down 19,000), home health care services (down 13,000) and community care facilities for the elderly (down 7,000). Since February, health care employment is down by 542,000.