NIC Notes

Insights in Seniors Housing & Care

Economic Trends  |  Regulatory Environment  |  Skilled Nursing  |  Workforce

GAO Investigation Reveals Margins Highest among For-Profits, Chains

By: Liz Liberman  |  November 02, 2016

The U.S. Government Accountability Office (GAO) concluded an investigation into data from the Centers for Medicare & Medicaid Services (CMS) on nursing homes, staffing practices, and financial performance by recommending that CMS make such data more easily accessible by the public and ensure the data’s validity. In the course of the investigation, the GAO revealed insights about margins and operations relative to the skilled nursing properties’ organization types. The agency’s report underscores the need for more and better financial skilled nursing data in the industry.

Economic Trends  |  Workforce

At 156,000, September Job Gains Steady

By: Beth Mace  |  October 10, 2016

More than six years into expansion, the labor market continued to add jobs in September. The Labor Department reported on Friday that nonfarm payrolls increased by 156,000 positions in September. Hiring has now averaged 178,000 new positions per month over the past nine months. However, the September gain was less than the 175,000 positions consensus projection and was down from an upward revised gain of 167,000 in August (originally reported as 151,000). The year-to-date average was also down from average monthly gains of 229,000 in 2015.

Economic Trends  |  Regulatory Environment  |  Skilled Nursing  |  Workforce

A Deep Dive into the 2Q2016 NIC Skilled Nursing Data Report

By: Bill Kauffman  |  September 16, 2016

On September 15, at the 2016 NIC Fall Conference, NIC released its 2Q2016 Skilled Nursing Data Report. The report includes key occupancy and revenue metrics from October 2011 through June 2016. In today’s blog post, I’ll walk you through the data.

Economic Trends  |  Workforce

At 151,000, August Job Gains Slow

By: Beth Mace  |  September 02, 2016

The Labor Department reported that nonfarm payrolls increased by 151,000 positions in August, a bit less than the 180,000 positions consensus projection and down from a very strong showing of 275,000 in July and 271,000 in June. Hiring has averaged 182,000 new positions per month over the past eight months. That is down from average gains of 229,000 in 2015. Revisions subtracted a total of 1,000 jobs to payrolls in the previous two months.