Market Trends | NIC MAP Vision | Seniors Housing
By: NIC | April 29, 2022
NIC MAP Vision clients, with access to NIC MAP® data, attended a webinar in mid-April on key seniors housing data trends during the first quarter of 2022. Findings were presented by the NIC Analytics research team. Key takeaways included the following:
Business Environment | Economic Trends | Ideas and Discussion | Market Trends | NIC Spring Conference
By: NIC | April 14, 2022
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.
Business Environment | COVID-19 | Executive Survey Insights | Market Trends
By: Lana Peck | April 07, 2022
Just over one-quarter of respondents noted that the severity of their staffing shortages across their organizations was severe, while two-thirds indicated the problem was moderate. Of significance, one-quarter of respondents had more than 20% of full-time positions currently unfilled. Regarding tenure of full-time employees, on average, just under one-half of organizations retained more than 80% on the job after one month. However, after one year, only 17% of organizations still had over 80% remaining on the job. Staffing shortages are often due to the inability to fill nursing aide positions, but wage competition and the inability to hire nurses also factored highly.
Market Trends | NIC MAP Vision | Skilled Nursing
By: Bill Kauffman | March 31, 2022
“In periods when increased cases of COVID-19 occur at properties around the country, residents require isolation and higher skilled care, allowing operators to bill at the Medicare rate instead of Medicaid. As cases decline, you will see the mix revert back.” - Bill Kauffman NIC MAP® data, powered by NIC MAP Vision, released its latest Skilled Nursing Monthly Report on March 31, 2022. The report includes key monthly data points from January 2012 through January 2022.
