Although some of short-term pandemic-related costs faced by skilled nursing facilities will likely fade over time, the industry’s current overall model may be financially unsustainable without broad...
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.
Feds’ financial incentives left nursing homes vulnerable to outbreaks: analysis
By
Amy Novotney
Dec 01, 2020
The nursing home business has long relied on federal support, mostly though the Medicare and Medicaid systems, but an analysis published Friday in the Washington Post explores how this reliance left many...
Ensign Group announces increased revenues; plans to return $23M in relief funds
By
Amy Novotney
Oct 30, 2020
San Juan Capistrano, CA-based Ensign Group announced an adjusted net income of $43.7 million in the third quarter of 2020, a 94.5% year-over-year gain, according to the firm’s earnings release Wednesday....
HHS to issue reporting requirements for provider relief funds
By
Amy Novotney
Jul 27, 2020
Last week the U.S. Department of Health and Human Services released a notice acknowledging that more detailed Provider Relief Fund reporting guidance and materials will be released on Aug. 17. In the short,...
Experts stress need for wage increases to decrease shortages among long-term care staff
By
Amy Novotney
Dec 09, 2020
Increasing pay for direct care workers really can help long-term care operators combat staffing shortages, according to a blog post this week in Health Affairs. The article discussed how several states,...
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.
Industry leaders plead for fiscal relief
By
Amy Novotney
Oct 15, 2020
Citing a worsening pandemic, the American Health Care Association / National Center for Assisted Living warned again Wednesday that widespread financial challenges loom over many long-term care facilities.
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...
Sagepoint Senior Living cleared of $440,000 in infection control citations from beginning of COVID-19...
By
Amy Novotney
Apr 29, 2021
One year after an inspection by the Office of Healthcare Quality, an independent administrative law judge has overturned all violations found against Maryland assisted living and skilled nursing operator...