Competitive Bed Allocation is the process of determining how many beds will be counted against your project. This number will be used to establish penetration rates, market capacity, competitive market trends and characteristics, and a range of other very important key performance indicators.

VisionLTC supports two (2) methodologies:

If a competing facility is located within your site’s Primary Market Area (PMA), 100% of its beds count against the project. If a competitor is located outside of the PMA, then none of its beds count against the project.

Where it is used:

A consistent primary market area is drawn around all communities in a market area, including yours, and the percentage overlap of the competitor's market area with the subject site's market area is multiplied by the total number of beds of the competitor. E.g. If your project's 5-mile primary market area overlaps 50% with that of a 100-bed competitor located ~4 miles away, then 50 beds will be counted against the project.

Where it can be used:

These methodologies do not affect how demand metrics are calculated (i.e. Total Population CY or Cognitive Impairment Rate) – only the supply metrics (i.e. Total AL Supply CY or Competitive MC Supply FY).

When setting up an Analysis, you can select which market areas will be used in Step 4: Market Areas. Each market area defaults to the Point Allocation method, though you have the option to choose the option “Use PMA Overlap Methodology” for Distance (miles) market areas. If you select the PMA Overlap Methodology, then the supply metrics for the market area will use the PMA Overlap Allocation method described above.