Powell hints that lower interest rates may be on the horizon
By
Kathleen Steele Gaivin
Jul 11, 2024
Interest rates may start to go down soon, Federal Reserve Chair Jerome Powell testified before the Senate Banking Committee on Tuesday during the Semiannual Monetary Policy Report to the Congress.
Christian Horizon files for bankruptcy under Chapter 11, will continue operations during restructuring
By
Kathleen Steele Gaivin
Jul 17, 2024
Joining a growing number of struggling senior living and care providers, Midwest Christian Villages, doing business as Christian Horizons, on Tuesday filed for reorganization under Chapter 11 bankruptcy.
Senior living sees slowing rate growth, high discounts in first quarter: NIC
By
Kimberly Bonvissuto
Jun 10, 2024
Inflation, it seems, is catching up with the pace of rate growth in the senior living sector.
Initial claims for unemployment stabilize week over week
By
Kathleen Steele Gaivin
Mar 08, 2024
Week-over-week initial claims for unemployment for the week ended March 2 remained flat at 217,000, according to data released Thursday by the Department of Labor’s Bureau of Labor Statistics.
EHR misuse at center of $21M rehab upcoding settlement for Grand Health
By
James M. Berklan
Jul 12, 2024
The Grand Health Care System and its 12 affiliated skilled nursing facilities will pay more than $21.3 million to settle allegations of therapy upcoding that involved a quota system for keeping billing...
‘Deteriorating’ outlook for CCRCs to continue for rest of year: Fitch
By
Kathleen Steele Gaivin
Jun 26, 2024
The “deteriorating” outlook for the not-for-profit continuing care retirement / life plan communities sector will continue for the rest of the year, “indicating our expectation that credit pressures...
CEOs worried about inflation, recession, yet most are unprepared: study
By
Kathleen Steele Gaivin
Jan 18, 2024
CEOs in the United States and elsewhere are concerned about economic pressures, yet just 37% are prepared for an increase in inflation, and only 34% are prepared for a recession. That’s according to...
HUD announces $42.5 energy benchmarking initiative for affordable housing providers
By
Kathleen Steele Gaivin
Dec 14, 2023
A new Energy and Water Benchmarking initiative for owners of affordable housing properties is funded with $42.5 million through the Inflation Reduction Act.
More than half of healthcare workers report stress over state of finances
By
Kathleen Steele Gaivin
Jul 11, 2024
These are challenging times for healthcare workers, with more than half (57%) of them experiencing stress over the state of their finances. That’s according to new research from the Harris Poll and on-demand...
Prevalence of cardiovascular risk factors, diseases set to increase
Jun 06, 2024
The annual inflation-adjusted health care costs of cardiovascular risk factors is projected to triple between 2020 and 2050.