Business Environment | Executive Survey Insights | Market Trends | Senior Housing | Skilled Nursing
By: Ryan Brooks | October 20, 2022
“Increased acuity of residents at move-in is being reported across all care segments, driven by delayed move-ins, but the most cited challenge facing operators – reported by more than 90% of respondents in the Wave 46 survey – is rising operator expenses. Responses to questions on property and professional liability insurance provide additional insight into that sentiment. Just under one-tenth of respondents reported the degree of staffing shortages across their organization to be severe, representing the lowest share of respondents reporting severe staffing shortages in the time this question has been asked. Though labor challenges persist, this may represent a glimmer of relief to the longstanding staffing crisis. Further, the survey results indicate that rent concessions are being offered at fewer properties now than was the case in earlier parts of 2022."
Business Environment | Ideas and Discussion | Market Trends | Senior Housing | Six Key Drivers | medicare
By: Bob Kramer | October 18, 2022
The Increasing Importance of Data and Analytics NIC Co-Founder and Strategic Advisor Robert Kramer has identified “Six Key Drivers” that will shape the senior living industry over the next 10 years. Kramer is also Founder & Fellow at Nexus Insights, a think tank advancing the well-being of older adults through innovative models of housing, community and healthcare. NIC Notes is publishing a series detailing each key driver. View the first four installments of the "Six Key Drivers" blog series. What follows is an analysis of the fifth key driver: The Increasing Importance of Data and Analytics.
Business Environment | Market Trends | NIC MAP Vision | Senior Housing
By: Omar Zahraoui | October 06, 2022
According to quarterly NIC MAP® data, released by NIC MAP Vision, demand, as measured by the change in occupied units, largely outpaced new supply while marking its sixth consecutive quarter of positive increases, with a net absorption gain from the prior quarter of more than 8,700 units, or 1.6% for the NIC MAP Primary Markets. This advance pushed the share of senior housing units vacated during the pandemic that have been re-occupied to near-full recovery (95%). If this pace of demand growth continues into the next quarter, senior housing may soon start filling new inventory added during the pandemic, on a net basis.
Business Environment | COVID-19 | Ideas and Discussion | Workforce
By: NIC | September 13, 2022
A Conversation with Paychex Executives Amid a workforce shortage, companies are looking for effective strategies to recruit and retain the best workers. Solutions start with the recognition that the workforce itself is changing.
