Rents increased in nursing homes, independent living facilities, NIC quarterly data shows

A long-term care reference tool released Tuesday takesinto account new market forces that are shaping the future of long-term care. 

“The NIC Compendium Project: A Guide to Long-TermCare Projection and Simulation Models” is a combination report card androad map. Specifically, it examines current research models on long-term carefinancing and points out limitations. Officialswith the National Investment Center for the Seniors Housing & Care Industrycommissioned the report, which is expected to help policymakers determine the best combination of public and private sector funding needed to pay for long-term care. 

While the report’s ultimate strength may be as a planningtool, savvy operators are already absorbing the guide’s message: Change isunderway in large part because of aging baby boomers. Study authors said theysee a remarkably different eldercare market in the decades ahead. But there ishardly consensus at this point on how such care will look, or be paid for. 

A special session of McKnight’s Online Expo next weekwill take another in-depth look at market conditions today – and how to planfor the future. NIC’s Michael Hargrave will lead “Market trends: Know thycompetition” at 2 p.m. (Eastern Time) on March 26. 

The free online expo will include four other liveWeb-based sessions that attendees can enjoy from their computer screen.Interested individuals should complete obligation-free registration at http://www.mcknights.com.