Debates arise over who should foot the bill for nursing home worker testing
By
Amy Novotney
Jun 10, 2020
Regular COVID-19 testing of nursing home staff, who are the most likely to introduce the virus to a facility and spread it to residents, has been sanctioned by experts as one of the most important ways...
CMS evaluating outcomes-based reimbursement strategies for COVID-19 tests
By
Amy Novotney
Sep 17, 2020
The Centers for Medicare & Medicaid Services is investigating a new outcomes-based reimbursement strategy for COVID-19 tests, according to an InsideHealthPolicy report. CMS Administrator Seema Verma said...
Forbes: The future of nursing homes looks grim
By
Amy Novotney
May 05, 2020
Although some of short-term pandemic-related costs faced by skilled nursing facilities will likely fade over time, the industry’s current overall model may be financially unsustainable without broad...
Genesis and Ensign Group see shares drop amidst House COVID-19 nursing home investigation
By
Amy Novotney
Jun 22, 2020
Last week, a House of Representatives committee launched an investigation into how five large nursing home companies have handled COVID-19. Among the nursing homes under investigation are publicly traded...
More objections filed against Illinois CCRC bondholders bankruptcy plan
By
Amy Novotney
Jun 22, 2020
Additional objections have been filed against a Chapter 11 reorganization plan proposed by the majority bondholders for Barlett, IL-based continuing care retirement community Clare Oaks Senior Living.
Nearly 6 in 10 seniors don’t understand what a deductible is
By
Amy Novotney
Sep 14, 2020
At a life stage where having a clear understanding of healthcare is critical, nearly seven in 10 Medicare beneficiaries agree that Medicare insurance is confusing and difficult to understand. That’s...
New poll shows most older adults worried about potential healthcare and long-term care costs
By
Amy Novotney
Oct 22, 2020
Six in 10 Medicare recipients aged 65 or more years are concerned about future healthcare costs, according to a survey of more than 1,100 Medicare enrollees conducted by MedicareGuide.com.
Nursing homes previously sued for Medicare fraud received hundreds of millions in coronavirus relief...
By
Amy Novotney
Aug 05, 2020
For-profit nursing home operators that have faced accusations of Medicare fraud and kickbacks in recent years received more than $300 million in coronavirus relief payments, according to a Washington Post...
Business briefs for Monday, April 13
Apr 13, 2020
CMS proposes 2.3% Medicare increase for 2021 … Welltower and HCR ManorCare founder Fritz Wolfe dies … NIC MAP: Senior living occupancy falls slightly in first quarter … BMO Harris provides $12.3M...
Pandemic likely to jeopardize financial security of next generation of retirees
By
Amy Novotney
Apr 16, 2020
The COVID-19 pandemic could undermine the financial security of the next generation of retirees, according to a blog post by Richard W. Johnson, director of the Program on Retirement Policy at the Urban...