Up to 70% of SNFs may be in a negative cash position by mid-May
By
Amy Novotney
Apr 13, 2020
COVID‐19 is disrupting referral patterns to skilled nursing facilities, resulting in a significant revenue shortfall and cash burn that the fragile skilled nursing ecosystem may not be able to endure,...
Nursing home coalition shares action plans for improving quality
By
Kathleen Steele Gaivin
Jul 19, 2023
The Moving Forward Nursing Home Quality Coalition on Tuesday announced the release of its final nine actions plans for improving nursing home quality over the next year.
U.S. nursing home system ‘ineffective,’ ‘unsustainable,’ National Academies report...
By
Danielle Brown
Apr 07, 2022
A long-awaited national report has found that the way the United States finances, delivers and regulates nursing home care is ineffective and unstable. Immediate action is needed to bring meaningful changes...
SNF referral rejection rate at 88 percent due to staffing issues: report
By
Lois A. Bowers
Sep 02, 2022
Referrals from hospitals to skilled nursing facilities are increasing, but by the first quarter of this year, the rate of referral rejection among SNFs had climbed to 88%, primarily due to diminished staff...
Welltower exits real estate relationship with Genesis
By
Amy Novotney
Mar 03, 2021
Welltower is largely ending its operating relationship with skilled nursing operator Genesis HealthCare, the real estate investment trust announced late Tuesday.
Over the past four years, New Jersey-based Portopiccolo Group has been building a nursing-home portfolio rivaling some of the nation’s largest chains. The firm acquired its first skilled nursing facility...
SavaSeniorCare, Welltower, CareTrust divest from skilled nursing
By
Kathleen Steele Gaivin
Jan 03, 2023
SavaSeniorCare is set to transition the remaining five skilled nursing facilities in its portfolio to other operators by the end of January, in what seems to be a trend in long-term care that also involves...