Denver-based eldercare firm InnovAge goes public on tailwinds of pandemic
By
Diane Eastabrook
Mar 08, 2021
The pandemic turned into a golden opportunity for InnovAge Holdings to launch an initial public offering last week. On Wednesday the Denver, CO-based elder care firm sold 16.7 million shares at $21 each,...
Rate surge seen as threat to middle market enthusiasm
By
Kathleen Steele Gaivin
Sep 27, 2022
Many senior living and care providers across the country have raised their rates this year, as inflation continues to drive expenses for staples such as food, supplies and energy.
Medicaid block grants will help address ‘looming cost crisis’ due to aging population, CMS says
By
Lois A. Bowers
Jan 31, 2020
The Medicaid block grant program announced Thursday by the Centers for Medicare & Medicaid Services won’t directly affect elderly and disabled beneficiaries, CMS Administrative Seema Verma said, but...
Medicaid spent $776 million on HCBS waivers for older adults in 2014, CMS says
By
Lois A. Bowers
Nov 13, 2016
The Medicaid program spent almost $776 million on 1915(c) waivers to cover home- and community-based services for older adults in fiscal year 2014, according to a new report from the Centers for Medicare...
CMS seeks feedback on quality measures proposed for HCBS
By
Lois A. Bowers
Sep 21, 2020
The Centers for Medicare & Medicaid Services is seeking feedback on proposed national quality and outcomes measures for the Medicaid-funded home- and community-based services provided for older adults...
Report is ‘new territory,’ GAO director says
By
Lois A. Bowers
Feb 06, 2018
A new report about federal oversight of Medicaid beneficiaries who live in assisted living communities is “new territory” for the Government Accountability Office, the report’s author...
Senators call for more than $1B in COVID-19 funding for seniors
By
Joe Jancsurak
Feb 17, 2021
As the House stands poised to pass a massive COVID-19 relief bill, there is a good chance home care will secure a portion of the package. Senators have proposed various funding measures for home- and community-based...
Lawmakers to press Biden to increase funding for HCBS as part of larger system reform
By
Diane Eastabrook
Mar 25, 2021
Some Democratic lawmakers are holding President Joseph Biden’s feet to the fire, demanding he fulfill a campaign promise to direct $450 billion to home- and community-based services (HCBS). This funding...
Medicaid Access Rule review completed by White House
By
Lois A. Bowers
Apr 16, 2024
A proposed federal rule establishing mandatory quality measures for home- and community-based services and requiring providers to allocate 80% of HCBS payments to direct care worker pay is one step closer...
Senior living’s slide into the welfare class
By
John O'Connor
Sep 03, 2020
The push for support for assisted living from Uncle Sam is intensifying. But as any skilled care operator will remind you, Uncle Sam tends to be a very demanding business partner.