Defining Market Conditions in a Single Acuity-Weighted Number:
- The goal is to provide a quick snapshot to show whether extended care market is expanding, contracting, or remaining flat.
- Survey respondents are asked to describe if admissions, occupancy and acuity are up, down or flat from last quarter. Responses are translated into scores: +100 if up (expansion), 0 if flat, and -100 if down (contraction).
- Scores for each measures are weighted by the XX% of influence they have on medical supply spending. At this time, XX% of influence is determined using a short survey fielded to prior extended care survey respondents.
- The Extended Care Acuity-Weighted Utilization Index reveals moderate expansion in Q3 2016.
- The Index is down 1.4 points from Q2 2016.
- The decline is driven largely by negligible growth in acuity.
- All regions experienced index decreases with the exception of Northcentral which increased by 19.5 due to reported growth in occupancy, and admissions.
- Medium sized facilities (100-149 beds) showed index decreases.
- Measured trends continue along expected paths with Q3 showing index decreases due to negligible acuity growth. Index values are expected to increase in Q4.