Bankruptcy filings in the healthcare industry — including those in senior living and care settings — are trending approximately triple the level seen in 2021, according to a new report by Gibbins Advisors.
Bill would expand provider National Practitioner Data Bank access to long-term care providers
By
Kathleen Steele Gaivin
Jul 24, 2023
Legislation re-introduced last week by Sens. Marco Rubio (R-FL) and Jacky Rosen (D-NV) would expand access to the National Practitioner Data Bank to include long-term care providers such as nursing homes...
Minimum staffing requirements good idea in theory only: AHCA/NCAL
By
Kathleen Steele Gaivin
Jul 13, 2023
A federal nursing home minimum staffing mandate “sounds like a good idea, but in practice, it is not,” American Health Care Association / National Center for Assisted Living President and CEO Mark...
Business briefs, July 13
By
Kathleen Steele Gaivin
Jul 13, 2023
Governor signs 2 bills aimed at overhauling state’s eldercare system …Industry groups drop lawsuit over minimum wage requirements … Kendal on Hudson awarded AVP Seal for fifth consecutive year …...
Business briefs, July 11
By
Kathleen Steele Gaivin
Jul 11, 2023
CCRC salaries soaring: Nurses still in hottest demand but raises for all moderating … Unemployment rate sees little change at 3.8% in June: BLS … CA Supreme Court backs employers in ‘take-home’...
Nursing home spending grows 0.82% month over month
By
Kathleen Steele Gaivin
Jun 29, 2023
Spending for nursing home care at a faster rate than other healthcare sectors in April, increasing by 3.6% month over month, according to Altarum’s latest monthly Health Sector Economic Indicators brief,...
Legislators look to ‘tap the breaks’ on private equity investments in healthcare, expert says
By
Kathleen Steele Gaivin
Jun 21, 2023
Healthcare transactions have been “robust” over the past decades, but the past five years or so have been “a particularly active period” with a “spike” coming in 2020 and into 2022 as pandemic...
CVS Health invests $8.4 million in construction of affordable senior housing in Maine
By
Kathleen Steele Gaivin
Jun 21, 2023
An $8.4 million investment from CVS Health will yield 52 affordable housing units for older adults in Portland, ME.
Medicare spending expected to top $1 trillion this year, CMS says
By
Kathleen Steele Gaivin
Jun 15, 2023
says
Medicare expenditures are expected to exceed $1 trillion despite the end of the COVID-19 public health emergency this year, the associated expirations of the skilled nursing facility three-day stay...
HCBS market recovers from drop that followed CMS proposal
By
Kathleen Steele Gaivin
Jun 12, 2023
Home- and community-based services markets are starting to recover after they “panicked” when the Centers for Medicare & Medicaid Services in late-April proposed that 80% of Medicaid payments for HCBS...