We’re knee-deep in earnings season here at Skilled Nursing News, and at least one major real estate investment trust (REIT) used the reporting period to signal a sea change in its strategy going forward. In case you didn’t catch them the first time around, here are the headlines you need to get up to speed on the skilled nursing landscape for the week.
Omega Healthcare Investors, Inc. (NYSE: OHI) announced a net loss of $137.5 million this week, placing the blame on shaky payments from key Orianna Health Systems and Signature HealthCARE. Officials say the negative trends have led them to rethink their strategy going forward, with a renewed focus on regional operators — not larger providers that span multiple areas of the country.
Outside of the world of investing and real estate, Skilled Nursing News brought you an essential guide to hiring and retaining the best directors of nursing, from leadership training to fostering relationships between DONs and facility administrators to higher pay.
The Florida generator controversy continued, with a judge striking down a state rule requiring backup power installation by December 1 — but confusion reigning over whether the regulation still applies amid an ongoing appeals process.
And finally, a Centers for Medicare & Medicaid Services (CMS) initiative to cut hospitalizations showed signs of paying off, with enhanced care and coordination providers (ECCPs) helping SNFs to improve clinical care.
Written by Alex Spanko