NIC Notes

Insights in Seniors Housing & Care

Market Trends  |  Seniors Housing  |  Workforce

Understanding Your Market Study: Part 3

By: Lana Peck  |  April 19, 2017

Conducting a Desktop Analysis of the Competition When conducting a market study competitor analysis, many tools and sources of public information are available right from your desktop. The task may seem overwhelming, especially if the market is highly competitive. But here are some best practices to follow: Know what you are looking for Consider why the information is available Think like a prospective resident Organize a collection plan

Market Trends  |  Seniors Housing  |  Workforce

Understanding Your Market Study: Part 2

By: Lana Peck  |  March 29, 2017

Defining the Market Area The first segment of this multi-part blog series established that market studies require particular attention as a critical component of the seniors housing development planning process. In this second segment, we’ll touch upon common methodologies, and uncover fine points that can increase the accuracy of a market study.

Seniors Housing  |  Skilled Nursing  |  Workforce

Quality Measures Can Unlock Value

By: NIC  |  March 10, 2017

Today’s consumers have high expectations. They demand quality products and services delivered in a timely, cost-effective, and convenient fashion. That’s why evidence-based quality measures have become so crucial, especially in the seniors housing and care industry. Consumers want a way to judge whether they can expect to receive high-quality care in a comfortable setting.  Likewise, hospitals, physician groups, payors, and even lenders want proof that the care being provided creates better outcomes at a lower cost.

Market Trends  |  Seniors Housing  |  Workforce

Seniors Housing Actual Rates Report Shows Larger Discounts for Assisted Living than for Independent Living Properties

By: Beth Burnham Mace  |  March 09, 2017

The NIC Map Data Service recently released national benchmark data through year-end 2016 for actual rates and leasing velocity.  Key takeaways include: Average initial rates were below average asking rates for both independent living and assisted living properties, with monthly spreads larger for assisted living properties throughout the entire reported period.