COVID-19 pushed SNF occupancy below 75% in June: NIC
By
Amy Novotney
Sep 14, 2020
June occupancy rates for skilled nursing properties hit a new record low of 74.8% in June. But the general downturn may be stabilizing, according to a report from the National Investment Center for Seniors...
Parkinson: Skilled nursing still amid business nightmare
By
Amy Novotney
Feb 03, 2021
As COVID-19 vaccines continue to be rolled out at skilled nursing facilities and assisted living communities nationwide, the “clinical nightmare” soon will be in the long-term care industry’s rearview...
Up to 70% of SNFs may be in a negative cash position by mid-May
By
Amy Novotney
Apr 13, 2020
COVID‐19 is disrupting referral patterns to skilled nursing facilities, resulting in a significant revenue shortfall and cash burn that the fragile skilled nursing ecosystem may not be able to endure,...
SNF occupancy rates dropped to nearly 75% in May: NIC
By
Amy Novotney
Aug 03, 2020
Skilled care occupancy rates continued to fall in May, thanks largely to the COVID-19 pandemic. That’s according to monthly data released Thursday from the National Investment Center for Seniors Housing...
COVID-19 lawsuit against nursing home alleges wrongful death
By
Amy Novotney
Aug 06, 2020
In what is likely a sign of things to come, the children of a man who died from COVID-19 is suing his nursing home for failing to adequately protect him from the virus.
Nursing homes report 18,000 job losses in June, but May was worse
By
Amy Novotney
Jul 06, 2020
Although the healthcare sector overall saw a rebound in jobs in June, nursing homes and other residential care settings continued to see job losses last month. That’s according to monthly job numbers...
Investors still buying in skilled nursing — often at rates higher than before the pandemic
By
Amy Novotney
Jan 29, 2021
Pricing for skilled nursing units has remained relatively steady despite the fact that many beds are empty as a result of the COVID-19 pandemic.
HHS announces additional $40 billion in distributions to healthcare providers
By
Amy Novotney
Apr 24, 2020
The Department of Health & Human Services announced an additional $40 billion in CARES Act distributions to healthcare providers Wednesday, with checks going out as early as April 24.
Former Chicago-area nursing home executive charged with skimming $1M in federal funds
By
Amy Novotney
Aug 06, 2020
The former owner of several Chicago-area nursing homes was indicted last week on charges of skimming $1.1 million in federal funds.
Bloomberg: Coronavirus may end America’s embrace of retirement communities and nursing homes
By
Amy Novotney
Apr 22, 2020
An editorial in Bloomberg Tuesday explored the largely voluntary movement over the past century in the United States toward herding people over the age of 65 into special communities built around their...