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Skilled Nursing Occupancy Ticks Up Yet Again

Occupancy ticked up in August, but labor and admissions challenges are likely to continue to plague the sector.

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Skilled nursing occupancy continued to increase into late summer, but labor and admissions challenges will likely continue to curtail the sector’s growth prospects, according to a new analysis from NIC Map Vision.

Occupancy rose 48 basis points from July to end the month of August at 78.8%, the highest occupancy rate since April 2020, said NIC’s Bill Kaufmann. Occupancy is up 580 basis points from its January 2021 low of 73.0%, but COVID-19 continued to plague the sector well into last year, slowing initial momentum.

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Lynn Pollack

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