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 […]
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 […]
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 […]
President Trump on Thursday announced the formation of a special nursing home task force that will convene in late May with the goal of better preparing the industry for future outbreaks in the wake of a staggering COVID-19 death toll. The Coronavirus Commission for Safety and Quality in Nursing Homes will consist of industry leaders, […]
More than a month after the federal government issued widespread waivers to expand telehealth coverage amid the COVID-19 pandemic, therapists will finally be able to provide remote interventions under Medicare. The Centers for Medicare & Medicaid Services (CMS) on Thursday announced that it will allow physical, occupational, and speech therapy practitioners to provide Medicare-covered telehealth […]
Harborview Capital Partners this week announced a raft of skilled nursing deals with a total of more than $191 million in acquisition and refinance loans. First up, the New York City-based real estate finance and advisory firm teamed with Meridian Capital Group to provide $93.7 million for the acquisition of 19 facilities in the western […]
While the federal government has provided sweeping guidelines for nursing homes in the fight against COVID-19, the state-level response has been wildly inconsistent, according to a new analysis from the Kaiser Family Foundation — a disconnect that may have increased the risks for vulnerable residents in certain areas. “This state-by-state approach to the COVID-19 pandemic […]
It’s certainly too early to determine what the senior housing and care landscape will look like post-pandemic, but the leader of a leading real estate investment trust (REIT) in the space thinks post-acute facilities will have an easier time returning to some kind of normalcy once the peak of the COVID-19 crisis passes. Unlike the […]
Citing current patterns of COVID-19 infection rates at nursing homes, the leader of the nation’s largest post-acute and long-term care association on Wednesday warned against states opening their economies too early — a move that he said could only worsen the crisis. “We are very concerned about states opening up too early for this simple […]
At too many nursing facilities across the country, COVID-19 has already swept through the resident population with deadly efficiency. But others remain untouched by the novel coronavirus, and in some cases, facilities are beginning to discharge former COVID-19 patients back into the community. No matter where a given facility may be along the COVID-19 trajectory, […]
Prior to the start of the COVID-19 pandemic, skilled nursing facilities that specialize in post-acute care were a rare target of true investor excitement in the greater institutional senior care continuum. With a shiny new Medicare payment model that gave providers more financial credit for the high-acuity services they’d increasingly added over the years, and […]
Over the years, nursing home operators have found themselves in the spotlight for negative reasons — usually in the wake of isolated stories of abuse and neglect, or tales of owners who bilked the government for money at the expense of quality care. But the industry has never been at the center of national conversation, […]
Citing the steady release of grant money from the dedicated health care stimulus fund, the federal government on Sunday announced the immediate suspension of a program that provided advances of Medicare Part A and B reimbursements. The Center for Medicare & Medicaid Services (CMS) halted the Advance Payment Program and indicated its intention to “reevaluate” […]
The Centers for Medicare & Medicaid Services (CMS) on Friday released a public database of staffing and resident counts for nearly 15,000 nursing homes, with the goal of potentially helping states make more informed decisions about the distribution of personal protective equipment (PPE) amid the COVID-19 pandemic. Using fourth-quarter 2019 data from the Payroll-Based Journal […]
Skilled nursing operators may have woken up Friday morning with another unexpected cash injection from the federal government, but nursing homes that rely primarily on Medicaid are still waiting for their share of the pie. The Department of Health and Human Services (HHS) on Friday began sending out the last $20 billion chunk of a […]
Genesis HealthCare (NYSE: GEN), the largest publicly traded post-acute and long-term care provider in the country, on Thursday announced that it has received a continued listing standard notice from the New York Stock Exchange after its shares dropped below $1 for more than 30 consecutive trading days. The Kennett Square, Pa.-based nursing home giant can […]
Even before nursing homes became the epicenter of a world-historic pandemic, the setting was rarely the first choice for young nurses looking to build a long-term career. Often perceived as a less-exciting workplace than other settings — such as the emergency room or private practice — post-acute and long-term care facilities have long been considered […]
New York Attorney General to Investigate Nursing Homes Amid COVID-19, With $10K Fines for Violations
New York Gov. Andrew Cuomo on Thursday announced a statewide investigation into nursing homes, with the support of the state’s attorney general and health department, amid the ongoing COVID-19 pandemic. Under the terms of the initiative, all nursing home operators will be required to submit proof of the steps that they have taken to comply […]
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