CMS releases guidance for SNFs on increasing Medicaid reimbursement rates amid pandemic
By
Amy Novotney
Aug 26, 2020
The Centers for Medicare & Medicaid Services released a Medicaid informational bulletin Monday providing guidance to states on how they can help increase Medicaid reimbursement for skilled nursing facilities...
Nursing home industry on verge of financial collapse, group claims
By
Amy Novotney
Jun 11, 2020
Even before the industry was dealing with the COVID-19 pandemic, the average nursing home was operating on a razor-thin profit margin or net loss. That’s because Medicaid reimbursements only cover 70%...
During a pandemic that has hampered nursing homes’ most profitable business — post-surgery rehab — some facilities have been admitting COVID-19 patients to ease the burden on overwhelmed hospitals,...
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 hits new low of 73.8%: NIC
By
Amy Novotney
Nov 05, 2020
The trend of declining occupancy rates for skilled nursing continued in August as a result of the ongoing effects of COVID-19. Operators saw occupancy rates fall another 81 basis points from July to August,...
AHCA/NCAL releases FAQs about Medicare Accelerated and Advance Payment program
By
Amy Novotney
Apr 03, 2020
The American Health Care Association/National Center for Assisted Living released a series of frequently asked questions and answers about the Medicare Accelerated and Advance Payment program Thursday,...
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...
Signature HealthCARE lays off 100 employees at its Louisville headquarters
By
Amy Novotney
Jun 15, 2020
Louisville, KY-based nursing home chain Signature HealthCARE will cut 100 jobs at its headquarters due to the coronavirus pandemic, according to The Courier Journal.
AHCA/NCAL: CMS Accelerated Payment program providing quick support
By
Amy Novotney
Apr 16, 2020
The surest bet for quick financial help for long-term care operators right now appears to be through the Centers for Medicare & Medicaid Services’ Accelerated Payment Program, Consolidated Billing Services...
SNF staffing plunged nearly 40% at some facilities near the beginning of pandemic: WSJ analysis
By
Amy Novotney
Nov 03, 2020
The number of caregivers reporting for work at dozens of nursing homes dropped significantly on some of the deadliest days of the pandemic. That’s according to a Wall Street analysis published Sunday...