Two new strategic alliances of non-profit National Investment Center (NIC) will be highlighted during Dallas conference
Annapolis, Md. (March 6, 2018)—“Unlocking Value Through Senior Care Collaboration” is the theme for the National Investment Center for Seniors Housing & Care’s 2018 NIC Spring Investment Forum at the Omni Dallas, March 7-9. The three-day event will promote and explore the value of collaboration between seniors housing investors, developers, owners, and operators and care providers serving seniors. The conference will convene operators and capital market leaders from seniors housing and skilled nursing to explore how value can be created for residents of their communities through partnerships with non-real estate-based care providers, healthcare providers, health systems, and healthcare payers.
“There is an alignment of interests between seniors housing and care and other sectors that provide healthcare to residents of senior living communities,” said Brian Jurutka, president and CEO of NIC. “This event is an opportunity to bring seniors housing and care operators and investors together to explore how macro trends can be addressed through partnering with others that serve America’s elders. These include Medicare Advantage plans, hospital systems, care coordination platforms, home care, and rehab, to name a few.”
With changes in the demands of future customers, shifts in healthcare delivery pathways and payment models, and technology advancements, this NIC conference will provide a forum to highlight current examples of partnerships between seniors housing and care organizations and other entities that provide and enable care for America’s elders.
At the conference, NIC will announce its latest strategic alliance with PointRight, a provider of data-driven support and analytics for the skilled nursing sector. PointRight will provide its proprietary PointRight® Pro 30® Adjusted Rehospitalization Rate and PointRight® Pro Long Stay™ Adjusted Hospitalization Rate at the property level via the NIC MAP® Data Service later in 2018. Both measures have been endorsed by the American Health Care Association and the National Quality Forum. These metrics will be available to NIC MAP® Data Service clients at the national, state, metropolitan market, and property levels, along with CMS 5-Star data.
“As quality health outcomes are becoming more important to financial success for skilled nursing operators, investors must have easy access to industry standard metrics in a tool with which they are already familiar, NIC MAP Data Service,” said Steven Littlehale, executive vice president and chief clinical officer, PointRight.
NIC will also highlight its existing strategic alliance with Eldermark, a software, technology, and advisory services provider to the senior housing industry. Eldermark has created standardized reporting that is available to its clients who want to participate in NIC’s Actual Rates initiative. This initiative captures the room and care rates actually paid by residents of senior housing communities from participating operators. It is used in NIC MAP’s aggregate reporting of industry trends, representing an important step in moving the seniors housing industry toward a level of transparency that is comparable to that of other real estate property types.
“We look forward to not only more of our clients participating in this important initiative, but also having other seniors housing software providers join the effort,” said Craig Patnode, CEO, Eldermark.
“NIC relies on relationships to achieve its mission of providing transparency in seniors housing and care. Through alliances with organizations like PointRight and Eldermark, we continue to enable informed investments and the appropriate amount of capital, which ultimately results in choice for America’s seniors,” said Jurutka.
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