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...
Business briefs for Tuesday, April 6
By
Amy Novotney
Apr 06, 2021
Continuing Healthcare Solutions joins growing list of long-term care operators mandating employee vaccinations … Gleckman: Biden proposal still missing critical pieces toward fully reforming Medicaid’s...
Medicare repayment begins in April for most LTC operators who received pandemic loans
By
Alicia Lasek
Mar 26, 2021
The repayment period for CMS’ Medicare Accelerated and Advanced Payment program does not begin until one year after the first payment was made to a provider or supplier. That means April for most LTC...
Business briefs for Thursday, March 25
By
Amy Novotney
Mar 25, 2021
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 …...
Intense rehab and transitional care providers have done well amid pandemic
By
Kimberly Marselas
Mar 23, 2021
Most of long-term care has found itself hobbled by low occupancy and consumers’ sustained fears during the pandemic, but one group has generally fared much better than the others: Providers focusing...
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...