NIC | CARES BLOG
A place for connections, analysis, research, and education on seniors housing and care

Economy Adds 2.64 million Jobs in 2018

Over the year, the U.S. economy added 2.64 million jobs, making it the third best year for job growth since the recession a decade ago and the third best year since 2000. The Labor Department also reported that there were 312,000 jobs created in the U.S. economy in December, well above the consensus expectation of 176,000. This was the 99th…
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The Implications of PDPM for Skilled Nursing

Medicare is changing the way skilled nursing operators are paid, effective October 2019. The new Patient-Driven Payment Model (PDPM) system replaces Resource Utilization Groups (RUGs) and will dramatically shift predictors of financial success, while raising new compliance concerns as operators change their business strategies to adapt. Skilled nursing investors, as well as owners, operators, and care/service providers will not want…
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NIC Skilled Nursing Data Report: Key Takeaways from the Third Quarter 2018

Occupancy Edged Up To 82.2% in Q3 2018 Managed Medicare Revenue Mix Reached 10%  NIC released its third quarter 2018 Skilled Nursing Data Report last week, which includes key monthly data points from January 2012 through September 2018.  The report also includes the latest urban vs. rural comparative data points as well as revenue mix trends.  Here are some key…
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October Jobless Rate Remains at Lowest Level Since 1969

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…
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Key Takeaways from the Second Quarter 2018 NIC Skilled Nursing Data Report

The second quarter 2018 NIC Skilled Nursing Data Report was released last week.  The report includes key monthly data metrics from October 2011 through June 2018.  The report also includes the latest urban vs. rural and revenue mix trends. Here are some key takeaways from the report: Pressure on skilled nursing occupancy continues as the latest data shows occupancy decreased…
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January 2023 NIC Insider Newsletter Now Available Read Now »