Must-Read Skilled Nursing Stories: Senior Care Bankruptcy, Florida Fraud
If you haven’t been able to take your eyes off the Sabra Health Care REIT, Inc. (NASDAQ: SBRA)-Care Capital Properties, Inc. (NYSE: CCP) drama, here’s some other stories in the skilled nursing world that you may have missed over the last seven days.
It was a big week of news from the Sunshine State: Non-profit skilled nursing owner Senior Care Group filed for bankruptcy last week, throwing the future of the Tampa, Fla.-based firm — which also owns home health and rehab operators — into doubt.
Meanwhile, officials at the state’s Agency for Health Care Administration were forced to clamp down on internal information protocols after an employee was found to have been feeding sensitive information to the masterminds behind a $1 billion Medicare scheme — including confidential patient complaints and unannounced inspection dates at SNFs.
In potentially more positive news, the Center for Medicare & Medicaid Services (CMS) announced a $370 million increase in SNF payments this week, a rise of about 1%. That’s still less than the 2% projected last year.
Skilled Nursing News also took a look at multi-milion-dollar Medicare Advantage mistakes — and how to fix them — as well as Omega Healthcare Investors, Inc.’s (NYSE: OHI) missed rental income projections amid problems with key tenant Signature HealthCARE, LLC.
Also in the news
Over at Crain’s Chicago Business, check out how one life plan community on the city’s North Side used a team of dedicated doctors and nurses to drive down hospital readmission rates ahead of the introduction of the two-percent Medicare penalty in October 2018.
Written by Alex Spanko