Employee layoffs begin as Five Star exits SNF business
By
Amy Novotney
Apr 27, 2021
Five Star Senior Living has begun notifying states that it intends to close its skilled nursing units at several long-term care facilities around the country.
The future of nursing homes lies in a community hub model: expert
By
Amy Novotney
Apr 09, 2021
To remain financially viable in a post-COVID world, nursing homes need to think more broadly and consider ways that they can serve as a hub for other aging services. That’s the message presented to the...
SNF occupancy hits record low again in January: NIC report
By
Amy Novotney
Apr 06, 2021
Occupancy continued to be challenged as the skilled nursing industry navigated the first months of 2021, according to the latest monthly skilled nursing data report from the National Investment Center...
Skilled nursing occupancy hit new record low of 71.7% in December: NIC
By
Amy Novotney
Mar 05, 2021
Just as recent efforts to vaccinate long-term care patients and frontline healthcare workers began at the end of December, occupancy at the nation’s skilled nursing facilities reached its lowest level...
Genesis announces restructuring, voluntarily delists from NYSE
By
Amy Novotney
Mar 04, 2021
Genesis HealthCare will institute a three-part plan to improve its financial metrics and cut debt by $236 million, the company announced Wednesday. The plan includes a voluntary delisting from the New...
Increasing private rooms, developing specialty will help SNFs stay competitive post-pandemic: report
By
Amy Novotney
Mar 03, 2021
When the dust settles from the COVID-19 pandemic and demand begins to rebound, skilled nursing operators will need to adapt to changing market conditions. To do so, facilities must pursue operational improvements...
Welltower exits real estate relationship with Genesis
By
Amy Novotney
Mar 03, 2021
Welltower is largely ending its operating relationship with skilled nursing operator Genesis HealthCare, the real estate investment trust announced late Tuesday.
Lawmakers consider prohibiting creation of any new for-profit nursing homes
By
Amy Novotney
Mar 03, 2021
Amid a package of 19 nursing home reform bills released Friday by the New York State Assembly, one measure seeks to prohibit the creation of any new for-profit skilled nursing facilities in the state,...
APRNs help SNFs save more than $31M over 6 years: study
By
Amy Novotney
Mar 01, 2021
Instituting advanced practice registered nurses full-time at 16 Missouri nursing homes helped reduce resident hospitalizations and allowed the state to save more than $31 million over the course of six...
SNF investors focus on needs-based model, expect census return by mid-2022
By
Amy Novotney
Feb 25, 2021
Amid the all-too-frequent headlines of “nursing home deaths,” federal and state deficits, increased competition from home health agencies and historic low occupancy levels while wage pressures continue,...