Invesque amends corporate credit facility; executes memorandum of understanding with SymCare … Pandemic’s costs to senior living on track to reach $17 billion: ASHA … Nursing homes are in era of...
COVID impact on senior living on track to reach $17 billion, ASHA says, requesting relief
By
Lois A. Bowers
Nov 12, 2020
As the financial impact of the coronavirus pandemic on senior living is on track to reach $17 billion annually, providers need more funds to cover additional expenses and lost revenue, and they need new...
Unique operating model produces continued profitability, Pennant Group execs say
By
Kimberly Bonvissuto
Nov 12, 2020
Occupancy declines in the early months of the COVID-19 pandemic were replaced by slight occupancy increases as the Pennant Group’s Pinnacle senior living business produced strong results into the third...
Pennant Group again increases 2020 guidance; highlights strong balance sheet
By
Amy Novotney
Nov 12, 2020
After already increasing its 2020 annual adjusted earnings per share guidance by approximately 34% in its second quarter earnings release, the Pennant Group again revised upward Tuesday, to a range of...
Pandemic’s upending of senior living might not be such a bad thing: speaker
By
Kimberly Bonvissuto
Nov 11, 2020
Senior living and care has been one of the industries most disrupted by the COVID-19 pandemic, creating “radical changes” in resident engagement. But that might not be such a bad thing, according to...
Five Star, Diversified Healthcare adopt ‘slow and steady’ response to pandemic
By
Kimberly Bonvissuto
Nov 06, 2020
Expense pressures on the senior living industry due to the COVID-19 pandemic are expected to persist in the near term, creating operational headwinds, but a slow and steady response to the crisis will...
Healthpeak continues exit of ‘volatile’ senior housing market with $4B in sales, moves headquarters
By
Kimberly Bonvissuto
Nov 04, 2020
Although not the reason behind Healthpeak Properties’ planned exit of its senior housing operating and triple-net lease portfolio businesses, COVID-19 certainly served as a catalyst for a full exit,...
Medicare payment changes aim to boost at-home kidney care and dialysis
By
Joe Jancsurak
Nov 04, 2020
The Centers for Medicare & Medicaid Services says that a new final rule will improve the determination process for an add-on payment adjustment to incentivize innovative dialysis equipment while supporting...
Pennant Group acquires Oregon home health agency
By
Joe Jancsurak
Nov 04, 2020
Eagle, ID-based The Pennant Group acquired Riverside Home Health Care of Grants Pass, OR, effective Nov. 1.
Is your EHR built for the future? 3 key considerations
By
Nick Patel
Nov 03, 2020
Whether you are actively seeking a new electronic health record system or you have one in place, it’s important to look beyond the situation at hand and assess what will be needed for a future you can’t...