2022 NIC Spring Conference Session: “Debt & Equity Trends in Senior Living.” With the Federal Reserve taking aggressive steps to curb inflation by raising interest rates through several hikes, senior living stakeholders are sizing up the possibilities of a slowing economy and higher debt costs. The labor shortage is another big concern.
In a new question in the Wave 40 survey, respondents were asked whether they planned to increase, decrease, or not change their current care offering unit mix. Significantly, one-half of organizations expect to increase the independent living care segment over the next 12-months. On the flip side, one out of five respondents (21%) expect to decrease the nursing care segment. Regarding the current share of all full-time open positions across respondent organizations, in the Wave 40 survey, one-quarter have more than 20% of positions currently unfilled.
The educational programming topics at the recent 2022 NIC Spring Conference focused on the theme “A New Day” for the senior housing and care industry. Read below the opening remarks by Kurt Read, Chair of Board of Directors, NIC, and Principal, RSF Partners, in which he offered a glimpse into the new day, with opportunities awaiting in the sector.
Experts weigh in at 2022 NIC Spring Conference. Rebuilding occupancy is a top priority for the senior living industry. But the old roadmaps to success don’t necessarily apply in the wake of the pandemic and quickly changing market conditions. The labor shortage and shifting consumer preferences only make the task to fill units that much harder.