News & Press Releases
NIC to Release Skilled Nursing Data Report with Current Occupancy and Revenue Metrics
March Report to Break Out Managed Medicare Census and Rates
FOR IMMEDIATE RELEASE: March 1, 2016
Contact: Biba Aidoo, (410) 267-0504 or baidoo@nic.org
Annapolis, Md. – As part of an initiative to bring increased transparency to the skilled nursing sector, NIC will release the new NIC Skilled Nursing Data Report at the 2016 NIC Spring Investment Forum in Dallas on March 10, 2016. This quarterly report, which will be publicly available at no cost, publishes select skilled nursing metrics, including data on managed Medicare rates. This report will give operators and investors timely and relevant information they need for competitive benchmarking and strategic planning.
“Traditionally we’ve relied on government reports that have 12- to 18-month-old data,” said Arnold Whitman, chairman of Formation Capital, LLC. “The timeliness of NIC’s Skilled Nursing Data Report, with the most recent data only 60 to 90 days old, is a game-changer for understanding a sector that is transforming at such an incredibly fast pace.”
The NIC Skilled Nursing Data Report provides a monthly, time-series collection of select metrics, including: occupancy, quality mix, skilled mix, patient day mix, and revenue per patient day by payor source. The first report will provide monthly data collected by NIC from October 31, 2011, through December 31, 2015. Data will be reported in the aggregate at the national level and is collected from a sampling of skilled nursing operators with multiple properties.
NIC is the first to break out data about managed Medicare rates and trends in a timely manner. Understanding the penetration rate of managed Medicare and the impact on daily rates is essential for operators and investors to make informed decisions within the market.
“To see the breakout of managed Medicare daily census and rates is key, as managed care is having a significant impact on revenue,” said Kurt Read, principal at RSF Partners. “As Medicare Advantage plans expand their market share, it’s critical for operators and investors to model this impact.”
NIC’s future plans for the NIC Skilled Nursing Data Report include increasing the sample of participating operators to allow for aggregated results to be reported at localized levels.
“The more properties that are tracked, the better insight we’ll have into how the sector is functioning,” said Bill Kauffman, NIC’s senior principal of Research & Analytics. “And that insight will be essential for making strategic investment decisions going forward.”
A link to the NIC Skilled Nursing Data Report will be distributed by email on March 10 to attendees of the 2016 NIC Spring Investment Forum, and the report will be posted to the NIC website at www.nic.org on the same day. Attendees will be able to stop by the NIC MAP® Data Service Hub at the Forum for additional information about the report.
To learn more about the initiative, or for information about participating, use the link below.
http://www.nic.org/analytics/nic-initiatives/skilled-nursing-data-initiative
About NIC
The National Investment Center for Seniors Housing & Care (NIC) is a 501(c)(3) organization whose mission is to advance the quality and availability of seniors housing and care—from independent living, assisted living, and memory care, to skilled nursing and post-acute care. NIC provides research, education, and increased transparency that facilitate leadership development, quality outcomes, and informed investment decisions with respect to seniors housing and care. Since 1991, NIC has been the leading source of research, data and analytics for owners, operators, developers, capital providers, researchers, academics, public policy analysts and others interested in meeting the housing and care needs of America’s seniors. For more information, call (410) 267-0504.