SNF staffing plunged nearly 40% at some facilities near the beginning of pandemic: WSJ analysis
By
Amy Novotney
Nov 03, 2020
The number of caregivers reporting for work at dozens of nursing homes dropped significantly on some of the deadliest days of the pandemic. That’s according to a Wall Street analysis published Sunday...
Pandemic a good opportunity for SNFs to prove their importance: Matros
By
James M. Berklan
Sep 30, 2020
Census pressure and uncertainties caused by COVID-19 continue to threaten the nursing home industry. But at least one major real estate investment trust CEO sees this period as a time of good opportunity...
Several factors behind home care’s growth: Forbes
By
Amy Novotney
Sep 15, 2020
As never before, business models used by nursing homes and other congregate care settings are being challenged. Thanks to new advances in technology, expanded government payment models and shifting consumer...
COVID-19 pushed SNF occupancy below 75% in June: NIC
By
Amy Novotney
Sep 14, 2020
June occupancy rates for skilled nursing properties hit a new record low of 74.8% in June. But the general downturn may be stabilizing, according to a report from the National Investment Center for Seniors...
COVID-19 SNF staff testing costs could hit $15K per week
By
Danielle Brown
Sep 14, 2020
It could cost larger nursing homes up to $15,000 per week to comply with new COVID-19 testing requirements from the Centers for Medicare & Medicaid Services for staff members, according to a report released...
Morningstar gives ‘negative outlook’ rating to skilled care
By
Amy Novotney
Aug 28, 2020
A leading credit rating company has downgraded its outlook for the skilled care sector, citing legal woes tied to the pandemic.
CMS to fine SNF operators up to $8,000 if they don’t test all staff for COVID-19
By
James M. Berklan
Aug 27, 2020
Nursing home operators could face fines of up to $8,000 if they don’t comply with new federal regulations that mandate they test all staff members for COVID-19.
CMS releases guidance for SNFs on increasing Medicaid reimbursement rates amid pandemic
By
Amy Novotney
Aug 26, 2020
The Centers for Medicare & Medicaid Services released a Medicaid informational bulletin Monday providing guidance to states on how they can help increase Medicaid reimbursement for skilled nursing facilities...
Most nursing homes losing money: AHCA survey
By
Amy Novotney
Aug 14, 2020
COVID-19 had led to increased costs and financial hardship among nursing homes across the nation, according to a survey of 463 nursing home operators conducted earlier this week by the American Health...
Over the past four years, New Jersey-based Portopiccolo Group has been building a nursing-home portfolio rivaling some of the nation’s largest chains. The firm acquired its first skilled nursing facility...