NIC Notes

Insights in Seniors Housing & Care

Business Environment  |  NIC MAP Vision  |  Skilled Nursing

Takeaways and Highlights from Payments, Policy, & Capital Summit

By: Bill Kauffman and Ryan Brooks  |  February 15, 2021

Skilled Nursing News’ Payments, Policy, and Capital Summit brought together executives, policy professionals, and capital providers to share their thoughts on the recent past, present, and future of the skilled nursing industry. Highlights and key takeaways from the three-day virtual event are summarized here.

NIC MAP Vision  |  Skilled Nursing

Skilled Nursing Occupancy Reached New Low In November 2020

By: Bill Kauffman  |  February 10, 2021

Medicaid Revenue Per Patient Day Up But Cost of Care Still a Concern. NIC MAP® Data Service released its latest Skilled Nursing Monthly Report on February 4, 2021, which includes key monthly data points from January 2012 through November 2020. Here are some key takeaways from the report: Occupancy Occupancy continues to be challenged for skilled nursing properties, with the November 2020 occupancy rate falling to a new low of 74.2%. It was down 69 basis points from October (74.9%) and 11.2 percentage points from pre-pandemic levels in February 2020 (85.4%) and 10.7 percentage points from year-earlier levels. Since February 2020, COVID-19 has significantly impacted skilled nursing operations across the country due to high acuity levels of residents, pandemic-related deaths as well as fewer elective surgeries at hospitals which have resulted in less need for rehab services often provided by nursing care properties. As the country and the skilled nursing sector navigate through the Winter months and vaccine distributions, it is likely that occupancy will continue to face pressure.

CCRC  |  NIC MAP Vision  |  Senior Housing  |  Skilled Nursing

4Q 2020 CCRC Care Segment Performance Leads Non-CCRCs

By: Lana Peck  |  February 03, 2021

As the leading data provider for the seniors housing and care sector, the NIC MAP® Data Service (NIC MAP) tracks occupancy, asking rents, demand, inventory, and construction data for independent living, assisted living, memory care, nursing care, and continuing care retirement communities (CCRCs), also referred to as life plan communities. This data is collected for more than 15,000 properties across 140 metropolitan areas. NIC MAP currently tracks 1,208 not-for-profit and for-profit entrance fee and rental CCRCs in these 140 combined markets (1,137 in the 99 combined Primary and Secondary Markets).

Economic Trends  |  NIC MAP Vision  |  Senior Housing

Deal-Making Likely to Strengthen in 2021

By: NIC  |  February 02, 2021

It may take a while before the transaction process itself returns to normal.