LTC ACO shares $20.6 million in savings with participating providers
By
Kathleen Steele Gaivin
Mar 20, 2023
LTC ACO has received a positive reconciliation and settlement under the Medicare Shared Savings Program for the 2021 performance year, earning shared savings of $20.6 million at the maximum enhanced track...
False Claims Act ruling by High Court a ‘clear win’ for government, expert says
By
Kathleen Steele Gaivin
Jun 02, 2023
In a pair of consolidated cases, the Supreme Court unanimously ruled Thursday that liability in False Claims Act suits depends on whether the defendants believed that their claims were false, not on whether...
Private-sector employment up 324,000 jobs
By
Kathleen Steele Gaivin
Aug 03, 2023
Private-sector employment increased by 324,000 jobs in July, according to the July ADP National Employment Report. The report is produced by the ADP Research Institute in collaboration with the Stanford...
Experts share ways to maximize organizational investment in training
By
Kathleen Steele Gaivin
Oct 31, 2023
Long-term care leaders and managers have “superpowers” that can improve their organizations’ return on investment in corporate training, according to experts speaking at a recent webinar sponsored...
Health/education sector adds 17,000 jobs in January
By
Kathleen Steele Gaivin
Feb 01, 2024
The health/education sector added 17,000 jobs in January, and median pay increased 5.9% for people who stayed in jobs in the sector, according to the ADP National Employment Report, released Wednesday.
Court approves $63 million plan for LCS to buy debt-ridden CCRC
By
Kathleen Steele Gaivin
Jan 04, 2024
A New York continuing care retirement / life plan community has been approved for sale to Life Care Services for $63 million after it had filed for bankruptcy protection for the third time in nine years...
Some CCRCs cutting back on skilled nursing as labor challenges continue: analysis
By
Kathleen Steele Gaivin
Oct 27, 2022
As labor challenges continue in long-term care, some continuing care retirement / life plan communities are cutting back on the skilled nursing services they offer, according to a new Fitch Ratings labor...
Operator faces nearly $1M in damages for alleged racketeering
By
Kathleen Steele Gaivin
Oct 16, 2023
A group of nursing home residents and their families asked the 11th Circuit Court earlier this month to revive a 2018 class action suit accusing the operator of several skilled nursing facilities in Florida...
Senior housing demand expected to exceed pre-pandemic levels within 5 years: report
By
Kathleen Steele Gaivin
Mar 16, 2023
Demand for senior housing — independent living, assisted living and memory care — could well exceed pre-pandemic levels within the next five years, thanks to the growth of the 75+ demographic in the...
CFO boosts interest in Invesque with stock pick-up
By
Kathleen Steele Gaivin
Apr 02, 2024
A company owned by Invesque’s chief financial officer has boosted the CFO’s financial interest in the real estate company with the acquisition of 16.98 million shares of stock common from insurance...