NIC Notes

Insights in Seniors Housing & Care

COVID-19  |  Market Trends  |  Skilled Nursing

Skilled Nursing Occupancy Remains Depressed in October 2020

By: Bill Kauffman  |  January 07, 2021

Managed Medicare revenue mix at 9.1%. NIC MAP® Data Service released its latest Skilled Nursing Monthly Report on December 30, 2020, which includes key monthly data points from January 2012 through October 2020.

COVID-19  |  Economic Trends  |  Market Trends  |  Senior Housing  |  Skilled Nursing

NIC Notes’ Top Posts of 2020

By: NIC  |  December 23, 2020

By the end of 2020, NIC will have posted approximately 140 articles on this blog for the year. Posts range in style and content, offering a mix of data, analysis, commentary, and many insights drawn from NIC events, publications, surveys, and data releases. Obviously, the COVID-19 pandemic, which we began to write about in March, held sway over our readers throughout the year. NIC Notes has become a reliable source of new data, insights, and forward-thinking perspective, designed to help operators, capital providers and other stakeholders, as they’ve struggled both to protect residents and adapt to a highly challenging business environment.

COVID-19  |  Skilled Nursing

NIC’s Skilled Nursing COVID-19 Tracker Shows Fatalities Reach Unprecedented Levels as Midwest See New Cases at Highest Levels in Months

By: Omar Zahraoui  |  December 17, 2020

Staffing shortages continue to be a serious concern and a contributing factor driving the high number of cases and fatalities across the four regions. The Centers for Medicare & Medicaid Services (CMS) provides up-to-date information on the incidence of COVID-19 cases among nursing facilities as well as fatality statistics associated with COVID-19. The NIC Skilled Nursing COVID-19 Tracker (Tracker) was recently updated to include fatality counts. This is the fourth sorting metric available in the Tracker. The other sorting options include same-store occupancy (CMS data), new COVID-19 confirmed cases as a share of residents, and new COVID-19 confirmed cases per same store facilities. Data for November 29 showed that Midwest properties continued to report high numbers of new COVID cases: 6,574 among staff/personnel and 6,663 new residents’ cases within 4,104 facilities. This accounted for over 40% of overall new cases and was equivalent to 2.65% rate of newly confirmed cases among residents. This was the highest rate recorded across all four U.S. regions since CMS began reporting nursing homes COVID-19 data in late May. The South reported the second highest rate at 1.53%, followed by the Northeast (1.22%), and West (1.01%).

Executive Survey Insights  |  Senior Housing

Executive Survey Insights | Wave 17: November 30 to December 13, 2020

By: Lana Peck  |  December 17, 2020

“The pace of move-ins continued to be sluggish in Wave 17 with more survey respondents reporting declines in occupancy rates than increases in occupancy for each of the four care segments. Fewer organizations cited stronger resident demand as a factor influencing the pace of move-ins. Comments by survey respondents added color to the key survey findings: several leaders of their organizations cited rising COVID-19 cases among residents and staff in some properties resulting in stress in containing outbreaks and maintaining staffing levels amid wage growth and hazard pay challenges. While some operators were eagerly anticipating the arrival of the vaccine, others expressed frustration with new slowdowns in the turnaround times for receiving COVID-19 lab test results.”