As 2018 continues to unfold, construction pipelines are expected to remain full. Near-record low occupancy levels in assisted living will remain tested, while occupancy pressures will grow in independent living as well.
In markets today with an unfavorable supply/demand imbalance, growing demand penetration rates could help offset supply pressures.
So, how can operators grow their own and the industry’s collective…
Read Post ›
By Beth Burnham Mace, Chief Economist, NIC
The long-anticipated increase of the age 65+ population has started, thanks to the aging baby boomer generation, lower birth rates, and improved longevity—and it’s only expected to continue. By 2030, 21% of the population, an estimated 74 million people, will be past retirement age.
This growing demographic will have serious and long-lasting implications…
Topics:
Aging,
Baby Boomers,
Demographics,
Entitlement Programs,
Events,
Labor,
Medicare,
Research,
Seniors Housing,
Social Security,
U.S. EconomyOver the past 55 years, the skilled nursing industry has undergone transformation. Today, it continues to evolve, bolstered by demand for more specialized and medically complex services and a payment system that continues to change.
The modern skilled nursing industry began in 1965 when Medicare and Medicaid programs were enacted. The industry saw significant growth in the following decades. Until…
Read Post ›
