Defining the Market Area The first segment of this multi-part blog series established that market studies require particular attention as a critical component of the seniors housing development planning process. In this second segment, we’ll touch upon common methodologies, and uncover fine points that can increase the accuracy of a market study.
The Republicans have put forth a proposal to repeal and replace the Affordable Care Act. The proposal, dubbed the American Health Care Act (AHCA), not only undoes much of President Obama's landmark health care reform, but also includes Medicaid reform. Groups like the American Health Care Association and AARP have expressed concern over parts of the legislation. Meanwhile, NIC data show that any change to Medicaid will undoubtedly impact the skilled nursing sector.
Policies governing health care provisions appear to be changing yet again, as legislators in Washington continue to debate strategies and plans. But the sometimes contentious discussions often overlook a key point of agreement: the cost of care must be reduced while outcomes improve, especially for frail seniors.
NIC has just released its fourth quarter 2016 Skilled Nursing Data Report, which includes key monthly data points from January 2012 through December 2016. The current report is based on data collected monthly, but reported quarterly, from approximately 20 operators and 1,500 properties. The data represents national, aggregate figures. However, NIC plans to grow the data set, adding more operators and properties to produce state-level reports. NIC welcomes the participation of operators nationwide in this confidential data collection process. Participants will receive a free benchmark report every month for their contribution.