The average occupancy rate for senior housing sailed past 90% in the third quarter, and the absorption rate set a single-quarter record, the National Investment Center for Seniors Housing & Care announced Friday.
By the end of the day Tuesday, after a week full of educational sessions, it took a lot to break through the clutter in my brain. That moment happened when Kyle Henderson made a slightly throw-away comment about some providers "investing in chefs, paying them $70-, $80-, $90,000. That's where we are seeing innovation in programming, because dining gives them a chance to impress three times a day."
Most of us are all too aware of our professional friends and enemies. But not so much when it comes to our "frenemies." Given the many changes taking place in healthcare today, the frenemy list for many long-term care operators is expanding as never before.
Assisted living growth continues to be concentrated in specific markets, with almost three-fourths of new construction in 10 metro markets, according to new findings released Thursday at the National Investment Center for Seniors Housing & Care Industry annual conference in Chicago.
The 24th NIC national conference takes place Wednesday through Sunday in Chicago. Featured speakers include Press Ganey Chief Medical Officer Dr. Thomas Lee at the opening general session and former chairman of the board of the Federal Reserve Ben Bernanke at Thursday's luncheon.
First and foremost, the NIC conference is a conduit that links those with money to those who need it. The event also features informative educational sessions that delve into where the market is now, and what operators need to do in order to compete down the road.
Seniors housing stock collectively rose by 0.1% in the second quarter, putting the sector on pace for a 1.5% annual increase, according to new data from the National Investment Center for the Seniors Housing & Care Industry.
The key to successful medication management is improving processes on multiple fronts so that staff members are more comfortable, confident, efficient and effective.
Senior care operators are being urged not to miss attending the 2014 National Investment Center for the Seniors Housing & Care Industry Conference, which will be in Chicago from Oct. 1 to 3.
Skilled nursing edges toward 90% occupancy, absorption rate makes first gain in nearly a decade, NIC data showsApril 14, 2014
Skilled nursing facilities' occupancy rate continued to tick up in the first three months of 2014, while absorption flipped into positive territory for the first time in almost a decade, according to the latest quarterly figures from the National Investment Center for the Seniors Housing & Care Industry.
Beth Burnham Mace has become the first Chief Economist at the National Investment Center for the Seniors Housing and Care Industry. She also will be the Director of Capital Markets Outreach.
Q: How did senior housing perform in the last quarter of 2013? A: The numbers overall were good, in terms of continued recovery and strength of market fundamentals. In particular, occupancy was up again, with very strong absorption. It's especially strong in independent living, and that's been a trend in the last year or so.
The McKnight's Online Expo will take place March 26 and 27, with five webcasts from long-term care leaders.
Long-term care providers can now access McKnight's Online Expo sessions, which occurred live March 26 and 27, in our online archive.
An uncertain economy is making it difficult for investors and operators to anticipate what kind of senior housing will be most in demand as baby boomers age, according to a prominent economist.
About a year from now, the story coming out of the National Investment Center for the Seniors Housing & Care Industry conference will be around how operators are clutching their pearls about the decline in assisted living occupancy.
Increasing demand for long-term care means that operators can realize solid returns on new construction, but they must gauge the potential for success on a market-by-market basis, according to the leader of the National Investment Center for the Seniors Housing & Care Industry.
Even before the fall convention season started, providers could be pretty sure about what grand messages they were going to hear from the big guys: Work hard, produce good records, make better networking connections. But that wasn't all.
Assisted living continues to boom in the seniors housing market, but caution is needed as more units are slated to open in mid-2014, said experts Thursday at the annual meeting of the National Investment Center for the Seniors Housing & Care Industry.
There's an informal nickname that describes the many acronyms being used in healthcare these days: alphabet soup. We may have just experienced an Olympic record for it.
Providers seeking capital - and new funding options - will converge in Chicago this fall for the 23rd annual NIC National Conference.
An improving economy, an aging nation and enhanced funding sources are fueling growth in the senior living sector, according to a leading industry analyst.
Providers seeking capital — and new funding options — will converge in Chicago later this year for the 23rd annual NIC National Conference.
Most people around my age have relatively little experience with long-term care. Still, how many times has someone said to you something to the effect of, "Ugh, I could never do what you do. How depressing."
In a nutshell, troubled long-term care operators seem to be encountering this scenario with managed care companies: initial romance, followed by heightened accountability and reduced payments.
I was hoping to get clear answers about the sector's future at the National Investment Center for the Seniors Housing & Care Industry's regional meeting last week in San Diego. I did, but I also must admit there were times when it was hard to give the various speakers the attention they deserved.
With credit from private lenders tight, nursing homes are increasingly turning to the federal government for mortgage loans, according to a Thursday article in the Wall Street Journal.
I recently had the good fortune of interviewing three of the industry's top association executives. If their collective advice could be distilled to a bumper sticker-sized message, here's how it would read: Change is here, deal with it.
The National Investment Center for the Seniors Housing & Care Industry has officially released the second edition of the "NIC Investment Guide."
Tom Scully wondered privately before his keynote address at a seniors housing and care conference last week why he was being asked to speak. Afterwards, long-term care executives in the audience were probably wondering the same thing.