CareTrust REIT moves forward with ‘foot on the gas’
By
Kathleen Steele Gaivin
Nov 13, 2023
San Clemente, CA-based real estate investment trust CareTrust REIT returned to “significant external growth” this year, President and CEO Dave Sedgwick said as the company released earnings results...
Business briefs, Nov. 13
By
Kathleen Steele Gaivin
Nov 13, 2023
Lawmakers propose 3 ways to address long-term care workforce challenges … Geography matters in senior living trademark battle, judge finds … Industry veteran uses expertise to advance gender, ethnic...
Skilled nursing occupancy tops 82 percent for first time since April 2020
By
Kathleen Steele Gaivin
Nov 07, 2023
Skilled nursing occupancy is up 142 basis points year over year as of the end of August. Occupancy reached 82.3% in August, topping 82% for the first time since April 2020, according to the latest Skilled...
Legislators introduce bill for additional funding for nursing programs in community colleges
By
Kathleen Steele Gaivin
Oct 30, 2023
Bipartisan legislation introduced Thursday by Reps. Sheila Cherfilus-McCormick (D-FL) and Juan Ciscomani (R) supports additional funding for nursing programs at community colleges.
Rise in nursing home costs ‘drastically’ affects middle class: analysis
By
Kathleen Steele Gaivin
Oct 25, 2023
Increasing nursing home costs “drastically affect” members of the middle class, who may not qualify for Medicaid but can’t afford the specialized geriatric services that Medicare won’t pay...
Business briefs, Oct. 24
By
Kathleen Steele Gaivin
Oct 24, 2023
Medicaid LTSS spending continues shift toward HCBS for older adults … Health insurance premiums rose by 7% in 2023: KFF … Fitch Ratings downgrades Fellowship Village revenue bonds to BBB-; outlook...
Erickson Senior Living’s MA plan earns top recognition from CMS for fourth year in a row
By
Kathleen Steele Gaivin
Oct 19, 2023
Erickson Advantage, Erickson Senior Living’s resident-only Medicare Advantage plan, has earned five stars from the Centers for Medicare & Medicaid Services for the fourth consecutive year.
Operator faces nearly $1M in damages for alleged racketeering
By
Kathleen Steele Gaivin
Oct 16, 2023
A group of nursing home residents and their families asked the 11th Circuit Court earlier this month to revive a 2018 class action suit accusing the operator of several skilled nursing facilities in Florida...
Unionization may decrease staffing turnover in nursing homes: study
By
Kathleen Steele Gaivin
Oct 16, 2023
As nursing homes prepare for the Centers for Medicare & Medicaid Services’ proposed staffing mandate for nursing homes — 0.55 hours per resident day for registered nurses and 2.45 hours per resident...
RN wages projected to grow more rapidly than wages for other professions, study finds
By
Kathleen Steele Gaivin
Oct 12, 2023
Registered nurse salaries are projected to increase over the next decade at a rate that surpasses the rate of increases for some other healthcare professions, according to the results of a recent study...