Skilled care occupancy rates continued to fall in May, thanks largely to the COVID-19 pandemic. That’s according to monthly data released Thursday from the National Investment Center for Seniors Housing & Care NIC Skilled Nursing Data Initiative.
Occupancy fell 347 basis points from April to end May, ending at 75.5%. This fall represents a decline of 7.84% since March, when occupancy was 83.3%, and is down 9.21% since February, according to the data. Year-over-year, the occupancy rate is down 8.62% from May 2019.
The data also showed that admissions decreased across three of the four payer types — managed Medicare, Medicaid and private-pay, whereas Medicare admissions saw a slight uptick from April to May, increasing from 11.3% of admission in April to 11.9% in May.
This article appeared in the McKnight’s Business Daily, a joint effort of McKnight’s Senior Living and McKnight’s Long-Term Care News.
