Assisted Living
Properties that provide supportive care from trained employees. Residents are unable to live independently and require assistance with activities of daily living (ADLs).
Assisted Living Resources
Comparing Rent and Wage Growth
Since early 2020, the U.S. economy and labor markets have been on a bit of a roller coaster ride. We endured the “Great Resignation” with escalating wages and tight labor markets. At the same time, inflation surged in 2021 and didn’t start to decline until late 2022. NIC conducted analysis…
Independent Living Rate Growth Rebound, Assisted Living Discounts Deepen in 3Q24
Data from the recently released 3Q 2024 NIC MAP Vision Actual Rates Report show that: Independent living (IL) properties experienced a strong rebound in year-over-year growth across all rate types. In the third quarter of 2024, independent living (IL) properties experienced a strong rebound in year-over-year growth across all rate types,…
Assisted Living Medicaid Waivers Expand Access and Choice
We know that Medicaid is the safety net funding source to cover skilled nursing care and room and board when no other payment options exist. The typical daily rate, about $250 per day for nursing care, reimburses providers for room and board, skilled nursing care, personal hygiene supplies, meals, and…