Occupancy rates for skilled nursing properties dropped to a new record low of 74.6% in July, according to a report released in early October from the MAP® Data Service of the National Investment Center for Seniors Housing & Care.
SNF occupancy rates dropped 10.1% from their February rate of 84.7%, and 9.4% from their year-earlier level of 84%.
However, the general downturn appeared to be stabilizing, as occupancy slipped only 0.2% from June to July, NIC said. For the second quarter, SNF occupancy fell to 80.2%.
From the November 2020 Issue of McKnight's Long-Term Care News
