NIC MAP® Data Service clients attended a webinar earlier this month on the key seniors housing data trends during the fourth quarter of 2017. Key takeaways included the following.
Takeaway #1: Seniors housing occupancy was unchanged at 88.8%
The all occupancy rate for seniors housing, which includes properties still in lease up, was 88.8% in the fourth quarter, unchanged from…
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The seniors housing, long-term care, acute care, and post-acute care sectors face significant challenges. Amongst these are navigating markets amid new competition and providing services cost-effectively as the healthcare delivery and payments system undergoes dramatic change. The rules of the game are changing as higher acuity patients increase, and the pressure to decrease healthcare costs continues to escalate.
However, with…
On Christmas Eve, the New York Times published an
article describing measures the Centers for Medicare and Medicaid (CMS) took during 2017 to reduce fines levied against skilled nursing properties. The skilled nursing industry may view this change as a welcome respite from real or perceived government over-regulation, especially in an era of downward pressure on occupancy and constrained budgets.…
The Labor Department reported that there were 148,000 jobs created in the U.S. economy in December. This was below the consensus expectation of 190,000 jobs. This marked the 87th consecutive month of positive job gains for the U.S. economy. Revisions subtracted 9,000 jobs to the prior two months. For all of 2017, the economy generated 2.1 million jobs and averaged…
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A recent
study conducted with financial support from the National Institute for Health Care Management, part of the National Institutes of Health (NIH), and published in the journal
Production and Operations Management found that California nursing homes may be artificially inflating their self-reported data to the Centers for Medicare and Medicaid (CMS) for the five-star rating system on Nursing Home…
