NIC Notes

Insights in Seniors Housing & Care

Business Environment  |  Executive Survey Insights  |  Skilled Nursing  |  assisted living  |  staffing

Executive Survey Insights | Wave 49: December 12, 2022 to January 15, 2023

By: Ryan Brooks  |  January 19, 2023

“In the Wave 49 survey, respondents were asked when their organization expected to return to pre-pandemic occupancy levels. Across all care segments the most common response was for occupancy to return at some point in the first half of 2023. Independent living (52%) and memory care (53%) operators were the most optimistic respondents, with more than half anticipating their organization’s occupancy levels would return to pre-pandemic levels within the next six months. 

Market Trends  |  NIC Fall Conference  |  Skilled Nursing  |  medicare

Fewer Deals, Higher Pricing:  Skilled Nursing Valuations in Flux

By: NIC  |  January 12, 2023

Surprises happen. Despite plenty of headwinds—a labor shortage, challenged occupancies and rising expenses—the price of skilled nursing facilities continues to climb. The average price per bed in the third quarter of 2022 was $106,340, up from $95,657 during the same quarter in 2021, an 11% increase.

COVID-19  |  Market Trends  |  Skilled Nursing  |  medicaid  |  medicare  |  occupancy

October Skilled Nursing Occupancy Rate at Highest Level Since April 2020

By: Bill Kauffman  |  December 29, 2022

“The occupancy rate for skilled nursing properties increased throughout 2022. However, labor continues to be a significant challenge within the industry and some operators are unable to admit new patients due to staffing shortages.” 

COVID-19  |  Ideas and Discussion  |  Senior Housing  |  Skilled Nursing  |  healthcare

Reducing Loneliness and Isolation Among Older Adults

By: Caroline Clapp  |  December 20, 2022

Loneliness and isolation were health concerns for older adults before the pandemic and have become more so in the aftermath of the worst of the pandemic period partly due to restrictions and protocols that were put in place within seniors housing communities and health care facilities. A search for publications that mentioned “loneliness” or “isolation” and “older adult(s)” or “older people” produced a result of roughly 19,000 publications in 2013. This number climbed to more than 25,000 in 2019 and spiked to more than 40,000 and 45,000 publications in 2020 and 2021, respectively. While down to roughly 32,000 thus far in 2022 (as of December 15), the level of interest and concern remains elevated.  

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