Federal, state and local entities can play an important role in removing barriers to a secure retirement: report … Medicare Advantage represents major threat to skilled nursing operators: CEO panel …...
Bill proposing state approval before nursing home acquisition fails, but threat still looms
By
Amy Novotney
Apr 20, 2021
California lawmakers say they’ll take no action this year on a bill that would require nursing home owners and operators to get state approval before they acquire, operate or manage a nursing home. But...
Business briefs for Thursday, April 15
By
Amy Novotney
Apr 15, 2021
More than two dozen senators sign bipartisan letter seeking financial relief for senior living operators … Bill delaying 2% Medicare sequester cut heads to Biden after passing House … Ventas named...
Industry must capitalize on ‘historic moment’ of change for skilled nursing: expert
By
Amy Novotney
Apr 14, 2021
The COVID-19 pandemic has exposed the country’s long-term care system, particularly in skilled nursing facilities, as “deeply flawed, chronically underfunded and in need of reform,” according to...
FY 2022 SNF reimbursement proposal could weaken rent coverage for skilled nursing REITS: Mizuho
By
Amy Novotney
Apr 14, 2021
Last week, the Center for Medicare & Medicaid Services released its 2022 fiscal year reimbursement proposal for skilled nursing facilities that includes a 1.3% boost to Medicare payments. The overall $444...
Facility expansion plans highlight industry conflicts possible around country
By
Amy Novotney
Apr 12, 2021
While one Largo, FL, assisted living community looks to expand its available bed count, nearby competitors are sharing concerns that the move will put even more strain on an industry still reeling from...
Business briefs for Monday, April 12
By
Amy Novotney
Apr 12, 2021
CMS proposes 1.3% boost to SNF Medicare payments for next fiscal year … Michigan operator reduces skilled nursing beds, plans to add independent living residences amid renovation … True Connection...
The future of nursing homes lies in a community hub model: expert
By
Amy Novotney
Apr 09, 2021
To remain financially viable in a post-COVID world, nursing homes need to think more broadly and consider ways that they can serve as a hub for other aging services. That’s the message presented to the...
Public-private collaboration key to securing long-term care financing for middle-income Americans
By
Amy Novotney
Apr 09, 2021
Recent studies have found that more than half of middle-income seniors will not be able to afford the care they need, and 15% of baby boomers will incur more than $250,000 in long-term care costs. If anything,...
New York nursing homes must use at least 70% of revenue for direct care under new budget
By
Amy Novotney
Apr 08, 2021
For-profit New York nursing homes will have to spend more of their revenue on staffing and keep less in profits under a provision in the state budget approved Tuesday. Agreement on the $212 billion state...