It’s the open secret that leading operators have long known—an engaged workforce leads to success in other parts of operations, including key financial and performance metrics. In the words of one senior living executive, “Happier employees means happier residents. That’s what we’re all about.” But can we quantify it? What is the business case for employee engagement that will spur…Read Post ›
The unemployment rate held steady at 3.7% in October, which is the lowest rate since December 1969. The jobless rate remains well below the rate of what is generally believed to be the “natural rate of unemployment” of 4.5%, which suggests that there will be building pressure on wage rate growth. Evidence is mounting that this is in fact starting…
Topics: Data, Demographics, Economy, Job, Jobs Report, Labor, Managed Care, Market Study, Nursing Care, Occupancy, Research, Revenue, Senior Living, Seniors Housing, Skilled Nursing, U.S. Economy, Unemployment, VolumeRead Post ›
Helping the seniors housing and care industry provide America’s elders with a variety of appropriate options is part of NIC’s mission. In this era of innovation, in which technology is quickly advancing, payment models are shifting, and a new generation of consumers is driving change, NIC encourages industry decision-makers to stay aware of what’s new and upcoming as they develop…Read Post ›
Apples to Apples: How have CCRC care segments performed since the recent market cycle peak compared to freestanding and combined care segments?
Expanding on a recent blog post that detailed care segment performance in the Primary Markets since the most recent market cycle peak that was reached in the fourth quarter of 2014 for the seniors housing and care segments, this analysis goes a step further by considering the market fundamentals of segments within continuing care retirement communities (CCRC segments), compared to…Read Post ›
NIC MAP® Data Service clients attended a webinar in mid-October on the key seniors housing data trends during the third quarter of 2018. Key takeaways included the following: Takeaway #1: Seniors Housing Occupancy Unchanged, but Remains Soft The all occupancy rate for seniors housing, which includes properties still in lease up, was unchanged from the second quarter and remained at…Read Post ›