Signature HealthCARE lays off 100 employees at its Louisville headquarters
By
Amy Novotney
Jun 15, 2020
Louisville, KY-based nursing home chain Signature HealthCARE will cut 100 jobs at its headquarters due to the coronavirus pandemic, according to The Courier Journal.
Nursing home industry on verge of financial collapse, group claims
By
Amy Novotney
Jun 11, 2020
Even before the industry was dealing with the COVID-19 pandemic, the average nursing home was operating on a razor-thin profit margin or net loss. That’s because Medicaid reimbursements only cover 70%...
Forbes: Long-term care needs more funding and a new structure
By
Amy Novotney
Jun 11, 2020
The COVID-19 pandemic has “amplified and exposed an already deeply flawed system” for long-term care in the United States, according to an analysis Wednesday in Forbes.
Business briefs for Thursday, June 11
Jun 10, 2020
HHS distributing $15B in COVID-19 relief funds to Medicaid providers … IRS puts limits on new rule aimed at high-paid nonprofit executives … SBA: $130 billion in small-business aid still available...
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...
Wisconsin nursing homes are closing at an unprecedented rate
By
Amy Novotney
Jun 09, 2020
Ryan Wernberg has lived in three different Wisconsin-based nursing homes in the past year. The moves haven’t been by choice — they’ve been the result of facility closings, according to an analysis...
Federal appeals court rules that Affinity Living Group is entitled to insurance coverage related to False...
By
Amy Novotney
May 29, 2020
A federal appeals court ruled this week that StarStone Specialty Insurance Co. must cover Affinity Senior Living’s costs to successfully defend against a $60 million False Claims Act lawsuit alleging...
$672 million would be cost of one-time COVID-19 testing for all assisted living and nursing home residents,...
By
Kimberly Bonvissuto
May 28, 2020
Testing every U.S. assisted living community and nursing home resident and staff member for COVID-19 one time would cost $672 million, according to data released Wednesday by the American Health Care Association...
Proposed SNF tests would cost more than $400 million, AHCA claims
By
Amy Novotney
May 20, 2020
Testing all of the nation’s skilled nursing residents and staff just once for COVID-19 would cost $440 million, according to data released Wednesday from the American Health Care Association/National...
Brookdale keeps COVID cases under 1% but sees occupancy decline, calls for government aid
By
Kimberly Bonvissuto
May 07, 2020
Less than 1% of residents at the country’s largest senior living operator have tested positive for COVID-19, but the virus has still affected occupancy rates, according to Brookdale Senior Living...