Skilled nursing occupancy levels dropped by 41 basis points to 74.8% during the month of June as a result of the COVID-19 pandemic — a new record low, according to new data released by the National Investment Center for Seniors Housing & Care (NIC).
Skilled nursing operators seeing steep drops in occupancy since the start of the pandemic aren’t expecting those numbers to rebound any time soon, according to one expert.
The ongoing coronavirus pandemic has the “skilled nursing industry in a challenging state right now,” one expert noted after new data revealed occupancy at SNFs dropped to 78.9% by the end of April.
Occupancy at skilled nursing facilities took a hit following the onset of the coronavirus pandemic after showing signs of stabilization for several quarters, new data from the National Investment Center for Seniors Housing & Care (NIC) reveals.
Omega Healthcare operators have seen overall occupancy decline, on average, between 3% and 6% since the onset of the coronavirus pandemic, executives stated during a first-quarter earnings call Tuesday morning.
Operators who can make some adjustments and ride out the current regulatory and operating storm might not just survive, but thrive.
As a result of changing referral patterns, increasing regulations and myriad of other factors, the current financial environment poses a great threat to some skilled nursing facilities while creating opportunities for others.
It’s very possible historians may look back at 2018 as a kind of Golden Age for skilled care. No, I have not been drinking.