HHS Delays Provider Relief Fund Reporting Requirements

The federal government on Friday issued a formal delay of its reporting requirements for health care providers that received COVID-19 financial relief. The Department of Health and Human Services (HHS) had originally set January 15 as the opening date for its Provider Relief Fund reporting portal, with the first deadline set a month later on […]

Nursing Home Vaccine Stories: Shots Bring Hope of Normal Visits by Q2, But Health Officials Hold Final Say

Vaccinating the nation’s nursing home residents is taking longer than many have anticipated, and the family members of those in long-term care settings are certainly forgiven for being impatient: Locked away from their loved ones for months on end, residents and their families see a desperately needed light at the end of the tunnel as […]

Investing in Home-Based Senior Care Can’t Come at Expense of Nursing Facilities

The COVID-19 pandemic has rightfully prompted lawmakers at the state and federal level to reconsider the way government payers incentivize or discourage the use of nursing homes relative to other options, such as home- and community-based services (HCBS). But one prominent long-term care researcher this week warned against looking at the reform equation as a […]

Addition by Subtraction: Nursing Home Operators Mull Decertifying Beds to Stay Afloat

As currently constructed, bed counts form the bedrock of nursing home finances. More beds mean more chances for reimbursement, more ways to fill a need for a hospital partner, more opportunities to offset fixed expenses. But more beds also mean a greater risk for COVID-19 infection, more logistical challenges for cohorting and staff separation, and […]

Private Equity-Backed Net Health Acquires Skilled Nursing Data Provider PointRight

Net Health, a Pittsburgh-based health care software provider, on Tuesday announced its acquisition of skilled nursing data firm PointRight. PointRight — which provides data analytics services to about 2,400 long-term and post-acute care providers, along with hospitals, accountable care organizations, and landlords — will help to enlarge Net Health’s growing footprint in the skilled nursing […]

Cambridge’s $16.9M Skilled Nursing Closing; Betting on QIPP in Texas [UPDATED]

The Chicago-based Cambridge Realty Capital announced a host of skilled nursing deal closings completed during the fourth quarter of 2020, bringing the lender’s total to $415 million for the year. The largest of those transactions involved $16.9 million for Manor Court* of Peru, Ill., a campus with 94 skilled beds, 68 assisted living units, and […]

Nursing Home Vaccine Stories: One CEO’s Personal Appeal to Reduce Hesitancy

Just as predicted before the rollout began, vaccine hesitancy among nursing home workers stands as a serious barrier to widespread acceptance in long-term care — and, in turn, fully fostering group immunity among the most vulnerable. Battered by COVID-19 and unwilling to trust the institutions that oversaw the deaths of their patients and colleagues, a […]

Skilled Nursing to Bounce Back Faster than Senior Living, But REITs Have ‘Lost Their Patience’ with Genesis

BMO Capital Markets this week downgraded its outlook for several publicly traded landlords of senior housing and skilled nursing facilities, but post-acute care emerged as a rare bright spot in the analysis — with the prediction that the sector will recover faster than its senior living counterparts. The financial services provider issued downgrades to Welltower […]

Most Skilled Nursing Facilities Still Face Medicare VBP Cuts as Proportion of Winners Drops

The proportion of skilled nursing facilities that earned incentive bonuses under an alternative Medicare payment model dropped in fiscal 2020, with the vast majority of properties either losing money or breaking even. Sixty-five percent of SNFs saw negative adjustments under the SNF Value-Based Purchasing (VBP) program, according to a new analysis published this week in […]

Ensign’s Three-Building Pickup; CIBC’s $34M Skilled Nursing Loan

The Ensign Group (Nasdaq: ENSG) kicked off 2021 by acquiring the operations of three skilled nursing facilities in Southern California with 99 beds apiece: Golden Hill Post Acute in San Diego, St. Catherine Healthcare in Fullerton, and Camino Healthcare in Hawthorne. The transaction closed on New Year’s Day, and the San Juan Capistrano, Calif.-based Ensign […]

Walgreens, CVS Pledge to Finish First Nursing Home Vaccinations by Jan. 25, AHCA ‘Not Aware’ of Major Delays

The two pharmacy giants in charge of the federal government’s COVID-19 vaccination program for long-term care facilities on Wednesday pushed back on reports that the rollout is proceeding slower than anticipated, while a top industry trade group reported only isolated problems thus far. Both Walgreens and CVS indicated that the push to provide the first […]

Nursing Home COVID-19 Vaccine Rollout Slow in Early Going, with 13% of Shots Distributed

Only about 13% of the first COVID-19 vaccine doses have been administered to nursing home residents by the first business week of 2021, raising concerns about the rollout for both the elderly and the general public. The federal government’s long-term care vaccination initiative has about 3.3 million total doses set aside, but just 429,066 had […]

Monticello’s Role in $507M Skilled Nursing Portfolio Sale; Newmark’s $149.6M Deal for Next Healthcare

As the calendar turned to 2021, the skilled nursing mergers-and-acquisitions market showed signs of heating up with multiple big-dollar portfolio deals announced. First up, MONTICELLOAM on Monday trumpeted its involvement in a $507 million skilled nursing portfolio transaction in the Southeast. The New York City-based health care lender and asset manager originated $368 million in […]

3% of Emergency Nursing Home Surveys Result in Citations, Backlog Could Take Years to Clear

Despite a spike in the number of “immediate jeopardy” complaints at nursing homes, the initial wave of emergency inspections during the COVID-19 crisis resulted in a significantly lower rate of violations, a new federal report determined — while states across the country face a growing backlog of overdue routine surveys. Between March 23 and May […]