By: Omar Zahraoui | February 23, 2021
Skilled nursing facilities could be curbing COVID-19 sooner than we thought. Sadly, the impact on bereaved families will last forever.
By: Omar Zahraoui | February 17, 2021
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.
Business Environment | NIC MAP Vision | Skilled Nursing
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
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.
