Occupancy Continues to Fall, Despite Typical Seasonal Influence
Managed Medicare represents increasingly larger share of skilled nursing revenue
NIC released its first quarter 2018 Skilled Nursing Data Report last week, which includes key monthly data points from October 2011 through March 2018.
Here are some key takeaways from the report:
First quarter national occupancy decreased 30 basis points from the…
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First-quarter data showed continued downward pressure on occupancy rates, with assisted living occupancy falling to its lowest level since NIC began reporting data in 2006—85.7%. A broader measure, the occupancy rate for all of seniors housing (independent and assisted living) for the 99 Primary and Secondary markets tracked by the NIC MAP® Data Service, had a first quarter occupancy rate…
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Benchmark data can inform project projections
By Lana Peck, Anne Standish and Beth Mace
Among the many factors that determine the profitability of a project is the pace of initial move-ins or leasing momentum. A well-located and rapidly leased-up project can build forward momentum for steady demand, high occupancy and solid revenue growth, and build a strong reputation in the…
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Supply and demand more balanced; occupancy sustained above 90%
In the first quarter of 2018, among the 31 primary markets tracked by NIC MAP, independent living had an occupancy rate of 90.3%, which was about 70 basis points less than stabilized occupancy. Comparatively, assisted living had a differential of 230 basis points, more than three times as large since there…
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The Labor Department reported that there were 164,000 jobs created in the U.S. economy in April, below the consensus expectation of 193,000. This followed a downwardly revised gain of 324,000 jobs in February (originally reported as 326,000) and an upwardly revised gain of 135,000 in March (originally reported as 103,000). The two-month revision was a positive 30,000 new jobs.
The…
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