Senior living occupancy levels appear to be inching their way back from an all-time low of 78.7% in March, according to the intra-quarterly report published last week by the National Investment Center for Seniors Housing & Care.
Acknowledging increased competition from home health and home care providers, executives from long-term care companies said they’re focusing on innovation and creativity to compete for clients.
Senior living operators received some good news last week with the publication of the results of a long-awaited study of COVID mortality rates in the United States in residential senior housing and care settings. But operators still have a to-do list to help attract and reassure prospective residents and their families.
The senior housing market rebounded during the 2007-09 global financial crisis and is likely to bounce back similarly from the COVID-19 recession, according to side-by-side analyses of the two economic cycles from the National Investment Center for Seniors Housing & Care published last week.
A majority (64%) of senior living communities reported no COVID-19 deaths in 2020, according to an analysis of COVID-19 deaths across the long-term care residential continuum released today.
Senior housing and care market fundamentals may have reached a turning point at the end of March, according to results of an executive survey released Thursday by the National Investment Center for Seniors Housing & Care.
Hawaii’s assisted living and other long-term care facilities are beating the odds — and national averages — by achieving an average 84% staff COVID-19 vaccination rate. Elsewhere, some providers have responded to low staff vaccination rates with mandates tied to employment, and others are using incentives.
Occupancy in continuing care retirement communities fell 1.4 percentage points from the fourth quarter to 84.3% through the first quarter of 2021, according to data released Friday by the National Investment Center for Seniors Housing & Care.
Despite seeing lower occupancy levels through the pandemic, senior living investors are seeing some light at the end of the tunnel, according to panelists at last week’s Leadership Huddle of the National Investment Center for Seniors Housing & Care.
COVID-19 deaths have curtailed short-term supply needs for senior housing. The projected senior housing units needed to serve those 85 or older in 2021 are less than pre-pandemic estimates by as many as 41,000, according to National Investment Center for Seniors Housing & Care findings published last week.
