The tragic deaths of eight nursing home residents in Hollywood, Fla., in the aftermath of Hurricane Irma prompted a number of policy changes. Legislation was introduced requiring seniors housing facilities to have emergency power sources for five days in the event of a power outage. Florida Governor Rick Scott announced an immediate rule requiring similar […]
NIC has just released its first quarter 2017 Skilled Nursing Data Report, which includes key monthly data points from April 2012 through March 2017. The current report is based on data collected monthly, but reported quarterly, from approximately 20 operators and 1,500 properties. While NIC continues to add more operators and properties to the data […]
Q1 2017 Transactions Update: Portfolio Deals Drive Volume Gains This blog is a follow-up to the preliminary transactions data from last month’s post. Here is the latest data as of Q1 2017. Transaction Dollar Volume Increases Transactions volume for seniors housing and care registered $4.6 billion in Q1 2017. Seniors housing had a strong quarter, […]
NIC has just released its fourth quarter 2016 Skilled Nursing Data Report, which includes key monthly data points from January 2012 through December 2016. The current report is based on data collected monthly, but reported quarterly, from approximately 20 operators and 1,500 properties. The data represents national, aggregate figures. However, NIC plans to grow the […]
About one-third of Medicare beneficiaries are enrolled in managed care today, and nearly half of all seniors are expected to be enrolled within the next 10 years. With that sobering statistic in mind, senior care operators need to understand the opportunities presented by the rapid expansion of managed care and the challenges that lie ahead.