The latest survey from the National Investment Center (NIC) showed cautiously optimistic trends in occupancy, as well as a curious movement in efforts to fill staff vacancies. The pace of move-ins in IL continued its slow deceleration; AL and Memory Support move-ins continued to accelerate. Assisted Living and Nursing homes also reported the greatest change in occupancy in the past month; Nursing Homes reported an increase in discharges and a slow-down of admissions. Although “overtime hours” and “temporary agency staff” continue to be the most common ways that organizations backfill staffing shortages, respondents in this survey reported an increase in hiring professionals from outside the aging services field to fill vacancies. To accelerate move-ins, 75% of mid-size multisite organizations were offering rent concessions; only 14% of single-site organizations were doing the same. The majority of respondents (52%) still expect that occupancy and revenues will return to pre-pandemic levels within the next year.
