Kansas providers may face fee hike after audit reveals many wrongly paid cut-rate assessments
By
Kathleen Steele Gaivin
Apr 05, 2024
Continuing care retirement communities and nursing homes in Kansas could face additional scrutiny — and in some cases, higher fees — after a recent audit from the Kansas Medicaid inspector general’s...
Living wills not relevant in signing arbitration agreements, court says
By
Kathleen Steele Gaivin
Apr 02, 2024
Being the power of attorney of a living well does not give that person the right to sign arbitration agreements on behalf of the patient, the California Supreme Court ruled last Thursday. The decision...
Business briefs, April 1
By
Kathleen Steele Gaivin
Apr 01, 2024
Higher interest rates mean less access to capital for senior living: NIC … CMS proposes 4.1% nursing homes pay boost … Assisted living rates up 0.6 to 3.8% … American Society on Aging, Next50 launch...
Lutheran Senior Services/Diakon agreement forms one of largest US nonprofit LTC organizations
By
Kathleen Steele Gaivin
Mar 29, 2024
Diakon Senior Living operations and its four continuing care retirement / life plan communities will become part of Lutheran Senior Services under an agreement announced Wednesday that the organizations...
Debt-related efforts among ‘significant performance milestones’ for Sonida, execs say
By
Kathleen Steele Gaivin
Mar 28, 2024
Dallas-based Sonida Senior Living has optimized its balance sheet “through the comprehensive restructuring and modification of our debt,” culminating in a $47.75 million equity private placement that...
Initial filings for unemployment insurance dip again week over week
By
Kathleen Steele Gaivin
Mar 22, 2024
Applications for unemployment benefits dipped slightly for the week ending March 16, according to data released Thursday by the Department of Labor’s Bureau of Labor Statistics.
Senators debate whether Social Security funding increase is needed
By
Kathleen Steele Gaivin
Mar 21, 2024
Whether increased Social Security funding is needed was the focus of discussion at a Wednesday hearing of the Senate Special Committee on Aging.
Nursing homes struggle with tighter reimbursement environment, expert says
By
Kathleen Steele Gaivin
Mar 20, 2024
Nursing home funding challenges, capital and private equity firms were among the subjects of a webinar Tuesday sponsored by the Long Term Care Community Coalition.
American Healthcare REIT board neutral on Comrit’s latest ‘opportunistic’ offer
By
Kathleen Steele Gaivin
Mar 19, 2024
The American Healthcare REIT Board of Directors has made no recommendation regarding an amended, unsolicited third-party bid mini-tender offer from Comrit Investments, according to a filing Friday with...
Employers can’t penalize workers for time off taken under FMLA, court rules
By
Kathleen Steele Gaivin
Mar 18, 2024
Employers must consider and adjust performance expectations accordingly for time off that employees take under the Federal Medical Leave Act, the 7th Circuit Court of Appeals has ruled.