Features

ANNAPOLIS, Md. — The occupancy rate for private-pay seniors housing rose 50 basis points to 85.6 percent in the first quarter of 2024, according to data from NIC MAP Vision. It’s the 11th consecutive quarterly increase in occupancy as the industry continues to recover from impacts of the COVID-19 pandemic. The occupancy figure marks an increase of 780 basis points from the pandemic low of 77.8 percent in second-quarter 2021, but still just shy of the pre-pandemic mark of 87.1 percent in first-quarter 2020. NIC MAP Vision is a product …

DALLAS — If it’s a financial windfall they’re seeking by entering the ancillary services business, skilled nursing providers are joining the fray for the wrong reason and are setting themselves up for disappointment, say seasoned professionals. Instead, the successful players in the ancillary space are the ones who undertake a patient-centered approach — whether it’s the launch of a pharmacy or rehabilitation services firm or behavioral health facility — and map out a plan for taking their business to the next level. “The most important thing to think about is …

DALLAS — Older adults who live in seniors housing communities live longer, receive more home health services and benefit from greater rehabilitative and preventive care in the two years following move-in than those who do not, according to new research conducted by NORC at the University of Chicago. The National Investment Center for Seniors Housing & Care (NIC), which commissioned the study, unveiled the findings Tuesday during a press briefing at the Omni Dallas Hotel, site of the 2024 NIC Spring Conference. The three-day event has attracted approximately 1,825 industry …

CHICAGO — Millions of Black and Hispanic middle-income older adults will lack the financial resources to pay for seniors housing and healthcare expenses as they age, according to new findings from NORC at the University of Chicago’s “Forgotten Middle” study commissioned by The SCAN Foundation.  The analysis shows the number of middle-income older adults of color will increase from 12 percent in 2020 to 25 percent by 2035, yet this population will be least likely to afford seniors housing and care when compared to the middle-income older adult population as …