With 11 million seniors currently receiving help with daily activities, the care of frail, elderly adults in America requires new and innovative thinking in the ways real estate - based senior care providers — such
as skilled nursing properties and senior living communities — partner with providers of health and wellness services, such as chronic and transitional care management, home care, care management technology services, and enhanced primary care delivery at home.
Real estate - based senior care providers, such
as skilled nursing properties and senior living communities, are now partnering with providers of health and wellness services, such as chronic and transitional care management, homecare, and care management technology services.
Not exact matches
The rest of the
properties are medical
properties, such
as Skilled Nursing Facilities, Hospitals and Medical Office Buildings.
As of Q1 2015, Ventas» portfolio includes 803 senior housing communities, 390
skilled nursing facilities, 375 medical office buildings, 53 hospitals and 11 other — for a total of 1632
properties.
As a result of these trends, operators of seniors housing
properties are evaluating their service offerings and considering whether or not they want to offer their residents full medical care (
skilled nursing, rehab therapy and chronic care) or simply hospitality (meals, transportation, housekeeping, entertainment and concierge services) and activities of daily living.
In wrapping up this commentary,
skilled nursing property owners and operators need to consider where they fit into the spectrum of services offered for their residents,
as well
as for hospitalized and post-acute care patients in their recovery processes.
As prices rise for
skilled nursing facilities,
properties that offer long - term care are being overshadowed by increased demand for short - term, acute - care facilities, with regional and national firms taking advantage of changes in health care laws...
Although not
as active
as several years ago, these government conservatorships continue to aggressively participate in senior housing, focusing on independent living and assisted living
properties and passing on
skilled nursing homes.
Cambridge Realty Capital Companies has its own private equity arm, Cambridge Investment and Finance Company, LLC, to act
as a principal and acquire senior housing
properties in the form of an operating lease on
skilled nursing facilities, or, more typically,
as a third - party operator /
property manager for assisted living, memory care, and independent living facilities.
They look to seniors housing and
skilled nursing properties as a channel to consumers and to the risk - bearing organizations that need care management solutions for their elderly patients.
Griffin - American Healthcare REIT IV purchased its first
property in June 2016 and,
as of the date of acquisition of Sauk Prairie Medical Office Building, has since acquired a portfolio of 43 medical office buildings, senior housing facilities and
skilled nursing facilities for an aggregate contract purchase price of approximately $ 508 million.
This includes subsectors such
as CCRCs, assisted living,
skilled nursing, independent living, and some other specialty
property types such
as memory care.
Over the past couple years, in both 2015 and 2016, the first quarter represented the high point for occupancy in each year,
as first quarter data typically shows an uptick in occupancy due to seasonal factors, such
as the flu
as admissions to
skilled nursing properties can increase during that time of year.
«One possible explanation for the differences among geography types is that urban
skilled nursing properties may face higher competition for private payor market share, in part because of a greater supply of similar products such
as home care and other types of seniors housing,» said Kauffman.
Skilled nursing properties are usually panned
as high - risk due to the reimbursement structure and the high - acuity nature of the facilities.
Even though
skilled nursing properties are seen
as high - risk, industry professionals are expecting a groundswell of investor demand for the products because of the potential return on investment.
In addition, rural areas are unique in that competition from Critical Access Hospitals (CAH) might also be at play
as they seek patients that might otherwise enter a
skilled nursing property.
One possible explanation for the differences among geography types is that
skilled nursing properties in urban areas may face in general higher competition for market share, in part because of a greater supply of prospectively competitive products, such
as home care and other seniors housing types.
One headline could be the fact that Medicaid revenue mix
as of the fourth quarter of 2017 now represents essentially half of all revenue at
skilled nursing properties at 49.3 %.