HHS distributing $15B in COVID-19 relief funds to Medicaid providers … IRS puts limits on new rule aimed at high-paid nonprofit executives … SBA: $130 billion in small-business aid still available...
Debates arise over who should foot the bill for nursing home worker testing
By
Amy Novotney
Jun 10, 2020
Regular COVID-19 testing of nursing home staff, who are the most likely to introduce the virus to a facility and spread it to residents, has been sanctioned by experts as one of the most important ways...
Wisconsin nursing homes are closing at an unprecedented rate
By
Amy Novotney
Jun 09, 2020
Ryan Wernberg has lived in three different Wisconsin-based nursing homes in the past year. The moves haven’t been by choice — they’ve been the result of facility closings, according to an analysis...
Federal appeals court rules that Affinity Living Group is entitled to insurance coverage related to False...
By
Amy Novotney
May 29, 2020
A federal appeals court ruled this week that StarStone Specialty Insurance Co. must cover Affinity Senior Living’s costs to successfully defend against a $60 million False Claims Act lawsuit alleging...
Proposed SNF tests would cost more than $400 million, AHCA claims
By
Amy Novotney
May 20, 2020
Testing all of the nation’s skilled nursing residents and staff just once for COVID-19 would cost $440 million, according to data released Wednesday from the American Health Care Association/National...
Forbes: The future of nursing homes looks grim
By
Amy Novotney
May 05, 2020
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...
AHCA/NCAL launches resource guide for COVID-19 grants and loans
By
Amy Novotney
Apr 30, 2020
The American Health Care Association/National Center for Assisted Living has developed a resource guide for operators. The tool will help users better manage options to grants and loan programs during...
Business briefs for Wednesday, April 29
By
Amy Novotney
Apr 29, 2020
More companies have suspended dividends so far this year than in the previous 10 years combined … Medicaid increases providing pandemic cushion for providers … Massachusetts’ first SNF-based COVID-19...
CMS reevaluating outlays for the Accelerated Payment Program
By
Amy Novotney
Apr 28, 2020
The Centers for Medicare & Medicaid Services announced Sunday that it is reevaluating the amounts that will be paid under its Accelerated Payment Program and suspending its Advance Payment Program to Part...
Motley Fool: Omega’s SNF-focused portfolio may buffer it from pandemic fallout — or will it?
By
Amy Novotney
Apr 24, 2020
Historically, investors have often viewed independent and assisted living communities — most often paid for out-of-pocket by residents — as safer bets than skilled nursing facilities, which generally...