COLLIERS INTERNATIONAL


Key Performance Indicators (KPIs)


NURSING AND PERSONAL CARE SECTORS KEY POINTS


> Personal care has increased 0.1 percentage points since H1 2016


> Nursing care has fallen 0.7 percentage points since H1 2016


> Both sectors have remained above 90% for the past seven periods


FIGURE 1: AVERAGE OCCUPANCY % Occupancy


89.0 90.0 91.0 92.0 930 94.0 950 96.0


88.0


H2 03


H1 04


H2 04


H1 05


H2 05


H1 06


H2 06


H1 07


H2 07


H1 08


H2 08


H1 09


H2 09


H1 10


H2 10


H1 11


H2 11


H1 12


H2 12


H1 13


H2 13


H1 14


H2 14


H1 15


H2 15


H1 16


H2 16


H1 17


PC NH 10 year combined average OCCUPANCY RATES


The occupancy rate is calculated by the total number of service users at the time of inspection divided by the number of registered beds.


The latest data shows mixed results for the elderly care sector. Whilst the personal care sector has seen a modest increase over the year to H1 2017, the nursing sector has seen a sharp decline, to the lowest level since 2014.


Occupancy levels in personal care homes have increased 0.1 percentage points since H1 2016 to 91.8%, whilst nursing homes have fallen 0.7 percentage points to 90.5%. Whilst both sectors have remained above 90% for the past seven periods, in the last half, nursing occupancy levels dipped below the 10-year combined elderly sector average for the first time since H2 2014 (see Figure 1).


Generally, both sectors have seen rising occupancy levels since the low levels noted in late 2012/early 2013. Personal care occupancy levels have been increasing more rapidly, albeit from a lower base and since H1 14 have exceeded the levels seen in he nursing sector. It is too early to draw conclusions from the falls in occupancy levels seen in the last half, especially for personal care where the trend over the year has been positive. However, the adjustment in the nursing sector is more marked than that seen in personal care and follows a period of generally lower growth.


KEY POINTS


> Personal care has increased 0.1% since H1 2016


> Nursing care has increased 5.2% since H1 2016


> Some divergence appearing between the sectors


AVERAGE WEEKLY FEES


We have seen some divergence appearing between the sectors. Whilst personal care fees were broadly static over the year, in real terms, they have fallen, in contrast to the strong growth seen in the nursing sector.


Over the last year to H1 2017, fees in the personal care sector have increased by only 0.1% in nominal terms which, coupled with rising inflation, has resulted in a 3.1% fall in real terms. When looking at the last two years, fees have again shown a reduction in real terms, falling by 2.2%, despite a modest nominal increase.


04


HEALTHCARE MARKET REVIEW 2017 | COLLIERS INTERNATIONAL


Source: Colliers International


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