NIC Notes

Insights in Seniors Housing & Care

COVID-19  |  Executive Survey Insights  |  Seniors Housing

Executive Survey Insights | Wave 26: April 5 to April 18, 2021

By: Lana Peck  |  April 29, 2021

“The market fundamentals in the Wave 26 Executive Insights survey data through mid-April show signals of headway. Leads volume is up and the shares of organizations reporting accelerations in move-ins continues to trend positively with each of the care segments reaching new high points in the survey time series. Exactly when these leading indicators will translate into higher occupancy rates being reported across the sector is yet to be seen.”

COVID-19  |  Skilled Nursing  |  Skilled Nursing Tracker

Cases Among Skilled Nursing Facility Residents Falling Despite Rising Rates Among the General Population

By: Omar Zahraoui  |  April 15, 2021

On March 28, new cases of COVID-19 among skilled nursing facility staff were 2.4 times higher than among residents for the first time since CMS started reporting data in late May.

COVID-19  |  Executive Survey Insights  |  Seniors Housing

Executive Survey Insights | Wave 25: March 22 to April 4, 2021

By: Lana Peck  |  April 15, 2021

“On one hand, the market fundamentals continue to show signals of progress due to the availability and widespread distribution of the COVID-19 vaccine among America’s seniors—on the other hand, staffing challenges and wage pressures are continuing to put strain on NOI for many operators. These data from the Wave 25 survey support trending improvement in the pace of move-ins and in occupancy rates across each of the care segments. However, staffing shortages that were experienced by many operators prior to and exacerbated by the pandemic persist. Currently, two-thirds of organizations report staffing shortages within their portfolio of properties. Adding to the challenge, nearly all respondents to the Wave 25 survey were paying staff overtime hours, and four out of five organizations were tapping agency/temp staff. The Wave 26 survey currently collecting data will explore strategies operators are implementing to attract staff.” –Lana Peck, Senior Principal, NIC

COVID-19  |  Skilled Nursing  |  Skilled Nursing Tracker

U.S. Cases Trend Upward While Skilled Nursing Cases Continue to Fall

By: Omar Zahraoui  |  April 08, 2021

As the U.S. enters the fourth week of rising COVID-19 cases, nineteen states have reported increasing COVID-19 cases among the general population for the week ending March 21. According to the CDC, Michigan reported the highest increase in COVID-19 cases among the general population at 187%, up from 7,313 cases during the week ending Feb 21 to 20,982 on March 21. Interesting and in contrast, skilled nursing facilities in Michigan reported a 55% decline in newly confirmed cases among residents over the same week-over-week period.