More than 80% of Americans say pandemic has affected their retirement plans: survey … Fitch affirms negative outlook rating for Ventas, affirms and withdraws negative outlook rating for Welltower …...
AHCA, LeadingAge propose $15B in nursing home reforms to address workforce shortages, underfunding
By
Amy Novotney
Mar 16, 2021
The American Health Care Association and LeadingAge Monday released a $15 billion reform agenda, the Care for Our Seniors Act, to address long-standing challenges affecting the quality of care provided...
Diversicare anticipates continued COVID-19 costs for 2021 but reports $1M in savings from Reliant deal
By
Amy Novotney
Mar 15, 2021
The COVID-19 pandemic led to an additional $32 million in healthcare-related expenses last year for Diversicare, and the Brentwood, TN-based skilled nursing operator expects 2021 will be another year of...
Until we increase the sector’s resources, ‘nothing is going to change’: Parkinson
By
Amy Novotney
Mar 12, 2021
If the nursing home system is going to attempt any kind of transformation post-pandemic, the sector must see an increase in Medicaid reimbursement rates, staff wages and facility accountability.
Skilled nursing occupancy hit new record low of 71.7% in December: NIC
By
Amy Novotney
Mar 05, 2021
Just as recent efforts to vaccinate long-term care patients and frontline healthcare workers began at the end of December, occupancy at the nation’s skilled nursing facilities reached its lowest level...
False Claims Act judgment of more than $258M forces nursing home chain to file for bankruptcy
By
Amy Novotney
Mar 04, 2021
Six nursing home business affiliates of Consulate Health Care sought Chapter 11 protection Monday, according to a Law360 report Tuesday.
Concerns grow that pandemic relief bill will accelerate ongoing shift to HCBS
By
Amy Novotney
Mar 01, 2021
The $1.9 trillion coronavirus relief package passed by the U.S. House of Representatives on Saturday includes billions of dollars in new funding for government long-term services and supports for frail...
APRNs help SNFs save more than $31M over 6 years: study
By
Amy Novotney
Mar 01, 2021
Instituting advanced practice registered nurses full-time at 16 Missouri nursing homes helped reduce resident hospitalizations and allowed the state to save more than $31 million over the course of six...
Nursing care prices increase 3.3% in January, but spending down 7.8%
By
Amy Novotney
Feb 23, 2021
National health spending on nursing care dropped 7.8% in 2020 compared with the previous year, according to a health sector economic indicator brief released Friday by nonprofit research and consulting...
Business briefs for Friday, Feb. 19
Feb 19, 2021
Reimbursement key for skilled nursing’s COVID-19 recovery: analysis … Senior living operators continue to mull staff mandates for COVID-19 vaccinations … Sanford Health selling legacy Good Samaritan...