NIC Notes

Insights in Seniors Housing & Care

Seniors Housing  |  Skilled Nursing  |  Workforce

Quality Measures Can Unlock Value

By: NIC  |  March 10, 2017

Today’s consumers have high expectations. They demand quality products and services delivered in a timely, cost-effective, and convenient fashion. That’s why evidence-based quality measures have become so crucial, especially in the seniors housing and care industry. Consumers want a way to judge whether they can expect to receive high-quality care in a comfortable setting.  Likewise, hospitals, physician groups, payors, and even lenders want proof that the care being provided creates better outcomes at a lower cost.

Market Trends  |  Seniors Housing  |  Workforce

Seniors Housing Actual Rates Report Shows Larger Discounts for Assisted Living than for Independent Living Properties

By: Beth Burnham Mace  |  March 09, 2017

The NIC Map Data Service recently released national benchmark data through year-end 2016 for actual rates and leasing velocity.  Key takeaways include: Average initial rates were below average asking rates for both independent living and assisted living properties, with monthly spreads larger for assisted living properties throughout the entire reported period.

Regulatory Environment  |  Seniors Housing  |  Skilled Nursing

Do You Know Enough about Managed Care? The future of your business may depend on it

By: NIC  |  March 03, 2017

About one-third of Medicare beneficiaries are enrolled in managed care today, and nearly half of all seniors are expected to be enrolled within the next 10 years. With that sobering statistic in mind, senior care operators need to understand the opportunities presented by the rapid expansion of managed care and the challenges that lie ahead.

Economic Trends  |  Market Trends  |  Seniors Housing  |  Workforce

Key Takeaways from the Lone Star State’s Seniors Housing Market

By: Beth Burnham Mace  |  March 01, 2017

Texas is no stranger to seniors housing. Of the 140 markets tracked by the NIC MAP® Data Service (NIC MAP), 6 are in Texas: Austin, Dallas/Fort Worth, El Paso, Houston, McAllen, and San Antonio. Two of those are among the largest metro areas in the nation. In this blog post, I give you an analysis of Texas’ seniors housing market and several key takeaways about its performance. Takeaway #1: Population and Job Growth Texas’ population is on the rise, and the state’s larger metropolitan areas are “growth markets.” Pure growth (both population and employment) in addition to pro-growth attitudes and regulations, land availability, and relatively affordable costs of living and doing business have stoked development in many of the urban areas of Texas.