Eighty-four percent of skilled nursing facility operators saw declines in their occupancy rates compared with one month ago, according to data collected from owners and executives at 105 senior housing and skilled nursing operators from across the nation April 13 to 19. Organizations reporting on their assisted living, memory care and independent living care segment units also reported a directional decline in occupancy rates.
The survey was conducted by the National Investment Center for Seniors Housing & Care. This report marks the third installment of findings from NIC’s weekly Executive Survey of operators in seniors housing and skilled nursing.
In addition to greater declines in occupancy, this week’s data also showed that about 40% of SNFs reported an occupancy decline of 10% or more from the prior month, up from about 20% reporting an occupancy decline of 10% or more last week.
More organizations also reported that the pace of move-ins had decelerated in the past 30-days, compared with data collected during the first and second waves of the survey. Approximately two-thirds to one-half of respondents, respectively, attributed the deceleration in move-ins to a slowdown in lead conversion / sales, or resident or family member concerns.
Editor’s Note: This article appeared in the McKnight’s Business Daily, a free daily newsletter that is a joint effort of McKnight’s Senior Living and McKnight’s Long-Term Care News. For subscription information, visit this page.
