Long-term care pharmacy giant Omnicare announced Tuesday the appointment of Ahmed Hassan as president of the Cincinnati, OH-based company, effective Friday. Hassan is charged with executing the firm’s...
Nursing homes to get staffing flexibility under bill
By
Kathleen Steele Gaivin
Mar 09, 2022
Nursing homes in Florida are expected to get more staffing flexibility under legislation passed Monday in the Florida Senate, which Gov. Ron DeSantis (R) is expected to sign into law.
Omega Healthcare Investors strengthens balance sheet in second quarter: earnings report
By
Kathleen Steele Gaivin
Aug 04, 2021
Omega Healthcare Investors reported second-quarter net income of $86.9 million, a new $1.45 billion unsecured credit facility and a new $1 billion at-the-market program during its second-quarter earnings...
Welltower raises guidance, says performance ‘in line with expectations’
By
Kathleen Steele Gaivin
Jun 08, 2022
Toledo, OH-based Welltower has revised its guidance for the second quarter.
Action needed for long-term sustainability of Medicare, Social Security, Yellen says
By
Kathleen Steele Gaivin
Jun 06, 2022
Medicare and Social Security trustees reports released last week showed “strong economic recovery and growth in the past year,” Treasury Secretary Janet L. Yellen said. In the long term, however, both...
Medi-Cal to drop asset test for Medicaid long-term care benefits
By
Kathleen Steele Gaivin
Mar 14, 2022
Medi-Cal, California’s Medicaid public health insurance program, is dropping its asset test for residents needing long-term care.
Think of pandemic changes as permanent evolution of business model: report
By
Kathleen Steele Gaivin
Jul 20, 2021
Healthcare providers must look to pandemic-related changes in making plans for future stability, according to BMO Harris Bank’s Healthcare Midyear Update.
Governor bans vaccine mandates by ‘any entity’ in Texas
By
Kathleen Steele Gaivin
Oct 13, 2021
Lone Star State Gov. Greg Abbott (R) issued an executive order Monday evening prohibiting “any entity in Texas” from mandating COVID-19 vaccinations for an employee or consumer “who objects to such...
Members of Congress call on CMS to collaborate in addressing nursing home workforce challenges
By
Kathleen Steele Gaivin
Sep 14, 2022
A bipartisan group of members of the House of Representatives is looking to the Centers for Medicare & Medicaid Services to work with them to resolve workforce shortages experienced by nursing homes across...
Operators ‘scrambling’ to get loans closed as interest rate hike looms
By
Kathleen Steele Gaivin
Jul 22, 2022
As the Federal Reserve prepare to raise the interest rate another 75 basis points at a meeting next week, senior housing borrowers are looking to secure loan terms, says Jessica Johnson, manager of Healthcare...