The skilled nursing industry faces numerous risks in the current environment. However, all industries face their own risks, and the skilled nursing industry is no stranger to policy, reimbursement, or operational risk. Currently, the industry is undergoing a transformation and there will be more challenges ahead, but with transformation also brings opportunity.
It is almost certain that reimbursement pressure will…
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What happens when TV’s Shark Tank meets the NIC National Conference? A sea change for the seniors housing and care industry.
This year’s NIC National Conference served up the NIC Technology Innovation Challenge, a new program feature that took inspiration from the Shark Tank television show. Four technology startups were given four minutes each to pitch new products and services…
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Evidence of a market peak continues to build, as both occupancy continues to meet resistance at its current level. While seniors housing occupancy during the third quarter rose 20 basis points to 89.9%, those gains are seemingly all seasonal in nature and likely not indicative of an underlying improvement. After running the same seasonal adjustment procedure the government uses to…
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The 25th NIC National Conference wrapped up on October 2, bringing to a close three days of connecting with seniors housing and care leaders and exploring the prevalent issues affecting the industry today. This year’s theme, The Next 25, reflected on where we’ve been and where we’re headed.
NIC Talks Break Ground
This year’s conference introduced a new program feature:…
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Construction and supply continue to remain hot topics in seniors housing, especially in assisted living, where construction exceeded 6% of existing inventory during the second quarter of 2015. The risk for older properties is in the potential loss of market share, which could be siphoned by new competitors.
New properties generally have a competitive advantage to older properties, especially ones…
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