Two major tenants failed to pay rents in the first quarter as a result of ongoing challenges related to the COVID-19 pandemic, leading some to remain concerned about the operating metrics of Westlake Village,...
Sagepoint Senior Living cleared of $440,000 in infection control citations from beginning of COVID-19...
By
Amy Novotney
Apr 29, 2021
One year after an inspection by the Office of Healthcare Quality, an independent administrative law judge has overturned all violations found against Maryland assisted living and skilled nursing operator...
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...
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...
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...
SNF occupancy hits record low again in January: NIC report
By
Amy Novotney
Apr 06, 2021
Occupancy continued to be challenged as the skilled nursing industry navigated the first months of 2021, according to the latest monthly skilled nursing data report from the National Investment Center...