NIC’s Skilled Nursing COVID-19 Tracker, featuring the most up-to-date CMS data as of February 14, 2021, shows that the per-resident rate of new COVID-19 infections in skilled nursing facilities continued to fall and reached a pandemic record-low point on February 14 (0.34%). This was 0.20 percentage points below the previous nadir of 0.54% reached eight months ago on June 21, 2020 and was down 2.69 percentage points from 3.03% at its peak on December 20.
With all-too-frequent headlines of “nursing home deaths,” federal and state deficits, increased competition from home health agencies, and historic low occupancy levels while wage pressures continue – how will the nursing home industry emerge from the pandemic? In the latest NIC Leadership Huddle event, expert panelists, and then attendees in small groups, joined a spirited discussion on the skilled nursing sector’s short-term and long-term operational challenges and the impact on property valuations.
The per-resident rate of new COVID-19 infections continues to plummet in skilled nursing facilities, with a two percentage point drop and a likely continued downward trend. “There is light at the end of the tunnel, and we don’t think it’s a train,” said a participant in a recent NIC Community Connector™ Meetup.