Welltower Inc. (NYSE: WELL) on Thursday provided little detail on the state of its joint venture with hospital system ProMedica, but executives insisted that the fundamentals of the business line — which includes the nursing home giant HCR ManorCare — remain strong despite COVID-19. “I will tell you that ProMedica is in fine shape,” Welltower […]
Month: May 2020
The federal government took several steps to cut red tape in the health care system to help providers across the continuum battle the COVID-19 pandemic. But while those changes included alterations to reporting requirements for skilled nursing facilities, providers won’t be exempt from the consumer-facing rating system — and they need to be aware of […]
Officials in New Jersey this week ramped up the pressure on the state’s nursing homes, with the attorney general announcing a new anonymous abuse tip line and the governor promising regulatory changes stemming from the COVID-19 pandemic. “The industry does not have it within themselves to make the changes they need. If they had, they […]
The federal government on Wednesday clarified that nursing home operators have a substantial grace period before they must begin submitting COVID-19 data required under a new interim final rule — while also laying out an escalating series of fines for failure to eventually report. The rule, announced last week, now gives providers until next Sunday, […]
In the era before COVID-19, specialty in-house Medicare Advantage plans had emerged as one of the hottest topics in long-term care — control the payer source, the thinking went, and an operator could eliminate the financial uncertainty and pressure that comes when working with managed care plans. But with a global pandemic running rampant through […]
A bill introduced in Congress Tuesday would send an additional $500 million to bolster nursing home inspections, while implementing a host of new safety and reporting regulations, amid the ongoing COVID-19 pandemic. The Quality Care for Nursing Home Residents and Workers During COVID-19 Act serves as a direct response to the steadily rising death toll […]
When Congress set aside $175 billion in aid for health care facilities affected by the COVID-19 pandemic, the federal agencies in charge of doling out those dollars elected to prioritize speed over structure, sending cash influxes directly to providers with little advance warning or fanfare. On one level, this strategy makes sense. In the midst […]
While therapy is a critical component for both post-acute and long-term care residents of skilled nursing facilities, achieving engagement among some patients can be a challenge for both in-house and third-party therapy providers. By “gamifying” therapy via a hardware-agnostic platform, some providers are finding not only much greater engagement among patients and residents receiving therapy, […]
The nursing home chain HCR ManorCare has — like many other skilled nursing operators — been badly affected by the COVID-19 pandemic still moving through the U.S. And like many other operators, it’s struggling to find the needed personal protective equipment (PPE) and testing kits, despite mandates from multiple states requiring testing and full stockpiles […]
Executives at Omega Healthcare Investors (NYSE: OHI) on Tuesday struck an upbeat tone about the long-term prospects of the skilled nursing marketplace, but with COVID-19 raging through more than a quarter of the company’s buildings, the real estate investment trust (REIT) emphasized that any kind of normalcy remains somewhere in the future. “The nursing home […]
LTC Properties (NYSE: LTC), the first major senior care real estate investment trust (REIT) to report its first-quarter earnings, had to cut rent for its tenants by 7% amid the fallout of the COVID-19 pandemic — and in the meantime filed a lawsuit against a troubled tenant over ownership changes. LTC collected the majority of […]
For more than two months now, Gurwin Jewish Nursing & Rehabilitation CEO Stuart Almer has been on the front lines of the COVID-19 battle, running a 460-bed nursing home in the suburbs of New York City — a region that has borne the brunt of the coronavirus impact in the United States so far. That […]
The Centers for Medicare & Medicaid Services (CMS) on Friday released an interim final rule that, among other provisions, will require nursing homes to begin reporting detailed COVID-19 information to the federal government this week. While CMS and the Centers for Disease Control & Prevention (CDC) had previously announced the requirement — after weeks of […]
As skilled nursing facilities across the country locked down to try to curb the spread of COVID-19, try to stay on top of constantly changing guidance from both the state and federal level, and navigate new mandates to report COVID-19 cases, it might be easy for them to overlook reaching out to insurers working as […]
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