Medicaid Reimbursement Rates Draw Attention
At around $200 per day, Medicaid is the lowest priced payor source for skilled nursing properties. The American Health Care Association (AHCA), a trade association representing skilled nursing providers, has been calling on policy makers to address Medicaid reimbursement rates for years. Until recently, this concern did not draw significant attention from outside the industry.…
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Focused on the themes of collaboration, innovation, and how to navigate current market realities, the 2018 NIC Spring Investment Forum drew nearly 1,800 attendees to the
Omni Dallas Hotel last week.
The busy three-day meeting provided a wide variety of networking opportunities, several NIC-hosted receptions, and 17 educational sessions.
In the media briefing on Wednesday, Brian Jurutka, President and CEO…
The Labor Department reported that there were 313,000 jobs created in the U.S. economy in February. This was above the consensus expectation of 205,000 jobs. This marked the 89th consecutive month of positive job gains for the U.S. economy. Revisions added 54,000 jobs to the prior two months.
The labor force participation rate, which is a measure of the share…
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– Urban vs. rural occupancy trends diverge
– Medicaid revenue mix nearly 50%
NIC has just released its fourth quarter 2017 Skilled Nursing Data Report, which now includes urban vs. rural trends, along with revenue mix by payor source. In addition to key monthly data on skilled nursing metrics, it includes time-series data from October 2011 through December 2017.…
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The NIC Map Data Service recently released national benchmark data through year-end 2017 for actual rates and leasing velocity. Key takeaways include:
Average initial move-in rates were below average asking rates for both independent living and assisted living properties, with monthly spreads larger for assisted living properties throughout the entire reported period.
As of December 2017, assisted living initial rates…
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