A review of data from Chicago nursing homes found that fully vaccinated residents and staff accounted for just 4% of COVID-19 infections recorded since the start of the federal vaccine rollout, with just a single resident death — and no secondary transmission within facilities. The findings, published by the Centers for Disease Control & Prevention […]
Even before the pandemic, American Health Partners saw growth potential by expanding beyond a core of skilled nursing facilities. The Franklin, Tenn.-based firm operates 29 SNFs through its American Health Care arm, but it also provides a wide range of other services, from home health and hospice to psychiatric care to a nurse practitioner organization. […]
Despite a 90.4% resident vaccination rate, a nursing home in Kentucky suffered a COVID-19 outbreak that resulted in 44 resident infections and three deaths after an unvaccinated worker contracted and spread the virus, the Centers for Disease Control & Prevention (CDC) determined in a new report released Wednesday. Despite the fact that the outbreak was […]
The COVID-19 pandemic paused most post-acute providers’ long-term planning efforts beyond making it through the next week or month, but now that the peak of the crisis has passed, it’s high time both operators and policymakers confront the new world ahead. That world will almost certainly bring a smaller crop of potential residents of skilled […]
Even as the nationwide vaccine rollout eases the clinical crisis in U.S. nursing homes, operators across the senior living spectrum are reporting the highest levels of agency staffing use and overtime pay since the pandemic began — indicating that the longstanding workforce crunch in the sector only has only continued to worsen. That’s according to […]
Cambridge Realty Capital Companies provided a $12 million loan, backed by the Department of Housing and Urban Development (HUD), to refiance the Alden Alma Nelson Manor skilled nursing facility in Rockford, Ill. The Chicago-based Cambridge originated the loan through HUD’s 232 program, which provides long-term financing for SNFs and other residential care facilities; the fully […]
The shift to home was already a long-simmering trend in post-acute and long-term care, but the coronavirus pandemic kicked those prevailing patterns into a higher gear. In the short term, that took the form of increased diversions from skilled nursing facilities on the acute-to-post-acute pipeline, with patients discharged directly from the hospital to the home […]
Skilled nursing facilities and other health care providers will receive 2% more in Medicare reimbursements through the end of 2021 after President Biden signed a long-awaited sequestration moratorium bill into law Wednesday. Congress in late March 2020 suspended the 2% sequestration cut as the coronavirus crisis began to gain steam, and late last year bumped […]
American Health Partners, which operates 29 skilled nursing and senior living facilities among other post-acute ventures, on Wednesday announced its acquisition by the Mitchell Family Office (MFO). The Birmingham, Mich.-based MFO explicitly pointed to the diversity of American Health Partners’ holdings as a reason behind inking the deal. In addition to its brick-and-mortar senior health […]
Even prior to the onset of the COVID-19 pandemic, the team at Vi at Bentley Village knew that a skilled nursing facility with all single rooms was a necessity for the future. Leaders at the full-continuum senior living campus in Naples, Fla. set their sights on the conversion of their existing SNF about 18 months […]
PDPM Adjustments, Smaller Medicare Raise Show CMS ‘Ready to Pull Back’ on COVID Aid to Nursing Homes
As the federal government’s approach toward nursing homes and COVID-19 continues to shift from emergency support to reflection and reform, analysts are increasingly warning that the coronavirus-era gravy train could soon come to an abrupt stop. In particular, the past week has brought three pieces of news that may signal trouble ahead for operators and […]
The federal government is mulling several options to recalibrate the Medicare payment structure for skilled nursing facilities as it seeks to achieve its intended goal of budget neutrality — with the aim of shutting off excess payments sooner rather than later. The Centers for Medicare & Medicaid Services (CMS) this week determined that the Patient-Driven […]
Five Star Senior Living (NYSE: FVE) on Friday announced that it will exit the skilled nursing business as part of a wider plan to trim its footprint and shift its focus toward independent living and active adult properties. The Newton, Mass.-based Five Star will close or transition the skilled nursing units at all of its […]
The federal government on Thursday announced a proposed 1.3% boost to nursing home Medicare reimbursements for fiscal 2022, while also raising the specter of a potential adjustment to the new Patient-Driven Payment Model. That increase from the Centers for Medicare & Medicaid Services (CMS) works out to a total gain of $444 million, according to […]
More than half of health care workers in nursing homes and assisted living facilities believe that their bosses haven’t done enough to boost their pay to account for the elevated risk of sickness and death during the COVID-19 pandemic, a new survey has found. About 58% of such respondents to a recent Washington Post/Kaiser Family […]
Starting in January 2022, nursing home operators in New York will be required to return all profits in excess of 5% to the state — while also spending set percentages of revenue on specific care categories — under a new budget deal reached this week. “Now, more than ever, it is important that nursing homes […]
Given current recovery trends, skilled nursing facilities may continue to prove a safer near-term bet for investors than the traditionally more attractive senior living landscape, according to a new analysis from Mizuho Securities USA — but 2022 and beyond remains deeply uncertain. Speaking at Mizuho’s virtual health care REIT summit on Tuesday, American Health Care […]
Despite the near-term upheaval of COVID-19, an asset management firm was able to raise nearly half a billion dollars as institutional investors look to play the long game in post-acute, long-term care, and senior housing. Locust Point Capital this week announced the closure of a $428 million debt fund to support its direct lending efforts […]
Skilled nursing giant The Ensign Group (Nasdaq: ENSG) on Tuesday announced the acquisition of three new skilled nursing facilities in Colorado. The San Juan Capistrano, Calif.-based Ensign picked up the following three facilities as of April 1: The 140-bed Boulder Canyon Health and Rehabilitation in Boulder The 76-bed Berthoud Care and Rehabilitation in Berthoud The […]
Increased intensity of therapy services may directly lead to better outcomes for residents in nursing homes and other post-acute care settings, according to a new study backed by a pair of trade groups that represent physical and occupational therapists. Skilled nursing facility residents who received high-intensity therapy — defined as about 90 to 219 hours […]