NIC report: Occupancy down, managed Medicare use up in skilled nursing facilities
Skilled nursing facility occupancy has dipped from 2011 to 2015, according to the National Investment Center for Seniors Housing & Care's inaugural Skilled Nursing Data Report.
The report, unveiled last week as part of the group's Skilled Nursing Data Initiative, saw occupancy rates drop from just under 85% in October 2011 to 82.8% in December 2015. That decrease can be attributed to resident turnover resulting from lower lengths of stay, especially for short-stay residents, NIC said.
NIC also found that an increasing percent of patient days were paid through managed Medicare, signalling an increase in Medicare Advantage enrollees. Medicaid also saw a slight increase within the patient day mix, while Medicare and private pay both saw decreases between 2011 and 2015.
NIC plans on releasing quarterly reports as part of its SNF initiative, with up-to-date data collected from a sampling of multi-facility operators.