White House launches effort to increase Medicare Advantage transparency … CCRCs would have a year to return entrance fees under proposed bill … McGuireWoods attorney offers advice on SNF restructuring,...
Business briefs, July 13
By
Kathleen Steele Gaivin
Jul 13, 2022
Genesis workers identified in amended challenge to Maine’s COVID-19 vaccine mandate … State budget provides for increased staffing, accountability in SNFs … Older adults lack knowledge about Medicare...
Business briefs, Aug. 24
By
Kathleen Steele Gaivin
Aug 24, 2023
Access to care crisis growing within skilled nursing sector: AHCA … Game-filled events organized to combat older adult loneliness … State regulators step in to evaluate Charlotte, NC, CCRCs solvency...
Business briefs, March 16
By
Kathleen Steele Gaivin
Mar 16, 2023
CMS Actuary expects Medicare will be solvent until 2032, not 2024 … New brand for Moravian Village echoes traditional Moravian symbol, values … Ventas declares Q1 dividend of $0.45 per common share...
27 California SNFs controlled by Longwood Management pay $16.7M to settle federal fraud allegations
By
Danielle Brown
Jul 15, 2020
A California-based skilled nursing operator, along with 27 of its affiliated facilities, accused of therapy upcoding is settling federal fraud allegations for $16.7 million.
Private-equity ownership leads to more resident deaths and increased spending at nursing homes, study...
By
Amy Novotney
Feb 25, 2021
An increase in resident deaths and an uptick in spending on non-patient care are just two outcomes often observed when private equity firms acquire nursing homes, according to a new working paper published...
COVID-19 pushed SNF occupancy below 75% in June: NIC
By
Amy Novotney
Sep 14, 2020
June occupancy rates for skilled nursing properties hit a new record low of 74.8% in June. But the general downturn may be stabilizing, according to a report from the National Investment Center for Seniors...
Business briefs, April 9
By
Kathleen Steele Gaivin
Apr 09, 2024
Medicare Advantage rule finalizes independent appeals process, helping providers ‘stuck in the middle’ … Former CEO gets 2.5 years for failing to pay nursing home employees payroll taxes … Healthcare...
Business briefs, April 15
By
Kathleen Steele Gaivin
Apr 15, 2024
Senate rejects joint employer rule; Biden expected to veto … Nursing home fights for right to end temporary bonuses, avoid $369K payout … Troubled nursing home in contempt over non-payment of $2.65...
Ignite Medical Resorts breaks ground on its first new construction since 2020
By
Kathleen Steele Gaivin
Jun 25, 2024
Chicago-based Ignite Medical Resorts broke ground Thursday on a new skilled nursing facility in Batavia, IL. The company’s first new construction project since 2020 comes at a time when financing and...