Market Trends | Senior Housing | Skilled Nursing
By: Mary Ann Donaghy | December 27, 2018
It’s the day after Christmas---a time when so many of us are taking a reprieve to enjoy family and friends. Some of us have loved ones who are living in the communities in which we operate, invest and provide services. We are all dedicated to providing an environment where residents, and often our family members, can thrive. In that spirit, this post is not about data, or industry news, or conferences. It’s a personal perspective about what it means to make lives more joyful, meaningful, and healthy for those living in our communities.
Economic Trends | Market Trends | Skilled Nursing | Workforce
By: Bill Kauffman | December 19, 2018
Occupancy Edged Up To 82.2% in Q3 2018 Managed Medicare Revenue Mix Reached 10% NIC released its third quarter 2018 Skilled Nursing Data Report last week, which includes key monthly data points from January 2012 through September 2018. The report also includes the latest urban vs. rural comparative data points as well as revenue mix trends.
Economic Trends | Market Trends | Workforce
By: Beth Mace | December 07, 2018
The unemployment rate remained low at 3.7% in November, which is the lowest rate since December 1969. The jobless rate remains well below the rate of what is generally believed to be the “natural rate of unemployment” of 4.5%, which suggests that upward pressure on wage rates will continue. Further indications that this is in fact starting to occur were released in the report. Average hourly earnings for all employees on private nonfarm payrolls rose in November by six cents to $27.35. Over the past 12 months, average hourly earnings have increased by 81 cents, or 3.1%. This was the same as last month and the strongest pace since 2009. Last year, they rose by 2.6%.
Economic Trends | Market Trends | Senior Housing | Workforce
By: Beth Mace and Anne Standish | December 05, 2018
Penetration rates vary across markets and across time. Some of the variation may be due to differing demand factors such as population and household growth and size, consumer preferences, familiarity and comfort with the product, changes in the composition of inventory, and cultural influences. This blog post explores some of this variation.
