The senior living market faces a new reality. The economic fallout of the pandemic has put pressure on the affordability of many communities. Elders who previously had the resources to move into a community may no longer be able to do so, expanding the already large group of seniors with modest incomes in need of housing. At the same time, more middle-income seniors are drifting into the low-cost end of the market.
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.
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.