Less Than 3% of Nursing Homes Received Maximum Rewards Under ‘Flawed’ Medicare VBP Model

The federal government’s sole attempt at linking nursing home Medicare reimbursements with outcomes is broken and requires an overhaul, the Medicare Payment Advisory Commission (MedPAC) determined. The Skilled Nursing Facility Value-Based Payment (SNF VBP) Model has rewarded strikingly few facilities while the majority have lost money — though the amounts involved in either direction were […]

Citing Vaccine Rollout, CMS Relaxes Nursing Home Visitation Rules

The federal government on Wednesday issued updated guidance for nursing home visitations, calling on facilities to allow “responsible indoor visitation at all times and for all residents” — regardless of vaccination status — with a handful of situational exceptions. “CMS recognizes the psychological, emotional, and physical toll that prolonged isolation and separation from family have […]

Congress OKs Stimulus with $250M for Nursing Home Strike Teams, $200M for Infection Control, Vaccine Support

The U.S. House of Representatives on Wednesday passed a sweeping $1.9 trillion stimulus bill that contains some additional support for the nation’s beleaguered nursing homes, with President Biden expected to sign the package into law Friday. The American Rescue Plan specifically includes $200 million to support COVID-19 vaccination efforts and infection control improvements in nursing […]

Abri Health Care, Formerly Senior Care Centers, Announces Ownership Change

Senior Care Centers, which went through Chapter 11 bankruptcy proceedings over the course of 2018 and 2019, has re-emerged as Abri Health Care under the control of a new ownership group, the company announced late Tuesday. An investment group led by current management has acquired the equity in the Dallas-based Abri, according to a statement. […]

ProMedica’s Senior Care Division Sees $385M Patient Revenue Drop in ’20 Amid COVID Occupancy Declines

The post-acute and long-term care landscape has seen admissions dry up during the COVID-19 pandemic, and ProMedica was no exception. The Toledo, Ohio-based health system, which operates skilled nursing facilities and senior living properties under the ProMedica Senior Care brand, saw patient service revenue across its senior portfolio decline by $385.4 million in 2020 from […]

Welltower’s Mitra: ‘Controversial’ Genesis Investment Paid Off for REIT with Portfolio Sale, Equity Stake

Welltower Inc. (NYSE: WELL) CEO Shankh Mitra this week touted his company’s decision to largely break up with top nursing home tenant Genesis HealthCare (NYSE: GEN) — while also expressing confidence that the turnaround group brought in to stabilize the troubled operator will bring more value to the real estate investment trust (REIT). Mitra in […]

Omega Acquires Connected Living in Bid to Expand Post-COVID Tech Options to Skilled Nursing Tenants

Omega Healthcare Investors (NYSE: OHI) on Friday announced the acquisition of Connected Living, a move that will bring an in-house tech option for the real estate investment trust’s (REIT) senior housing and care tenants. The terms of the deal were not disclosed, though Omega senior vice president of corporate strategy and investor relations Matthew Gourmand […]

Home Health Giants Find Partners in Speeding Skilled Nursing Diversions Amid COVID ‘Fear Factor’

Home health operators aren’t the only players in post-acute and long-term care looking to capitalize on a weakened skilled nursing sector: As health systems and managed care insurers look to adapt their offerings to the post-COVID tastes of their patients, home health providers may find themselves with significant regulatory and payment tailwinds as they work […]

Walker & Dunlop’s $172M Skilled Nursing Financing; Aspen Skilled Healthcare Picks Up CCRCs

Walker & Dunlop this week announced the completion of $172 million in financing for a seven-building skilled nursing portfolio across the Northeast and the Midwest. Four of the properties were refinanced through the Department of Housing and Urban Development’s (HUD) 232/233 program, with the remaining three undergoing HUD 232 loan modification. The portfolio consisted of: […]

Nursing Home Giant Genesis to Restructure, Voluntarily Delist from NYSE as ReGen Steps in with $50M Stake

Genesis HealthCare (NYSE: GEN) on Wednesday announced that it will voluntarily remove itself from the New York Stock Exchange — while also landing a $50 million capital infusion from ReGen Healthcare as part of an ongoing restructuring effort. ReGen’s $50 million debt investment gives the company — a health care turnaround firm — a 25% […]

Welltower to Largely End Relationship with Genesis, Bolster ProMedica Joint Venture in $880M Deal

Welltower Inc. (NYSE: WELL) late Tuesday announced that it will largely end its relationship with troubled nursing home giant Genesis HealthCare (NYSE: GEN), with its joint venture health system partner ProMedica picking up some of the buildings — while also divesting 25 properties acquired through its 2018 ProMedica JV. The Genesis exodus spans 51 assets, […]

Therapy Staffing Dropped Up to 10% at Nursing Homes in Wake of PDPM — Mostly Through Contract Cuts

Therapist staffing coverage at nursing homes fell up to 10% after the October 2019 implementation of a new Medicare payment model, a new study has determined — with the cuts coming primarily on the backs of contracted employees and not full-time skilled nursing facility staffers. Physical and occupational therapist staffing was 6% lower in the […]

Lawmakers Mull State-Level Ban on New For-Profit Nursing Home Licenses, Expansions

As nursing home deaths in New York remain national news, reform efforts in the state are increasingly focusing on for-profit providers, and one proposal would specifically ban their expansion in the Empire State. For-profit nursing home operators would be prohibited from establishing new facilities or expanding their existing ones under a proposal sponsored by Manhattan […]

With Private Rooms ‘Non-Negotiable’ Moving Forward, Time to Renovate Nursing Homes is Now

Whether COVID-19 will usher in a permanent demographic shift toward post-acute and long-term care in the home remains uncertain, but there’s clear evidence that single-occupancy rooms are becoming less of a nursing home luxury and more of the baseline cost of doing business. The demand for privacy had been growing before the pandemic, consulting firm […]

COVID Hasn’t Caused Flood of Distressed Nursing Home Transactions, But Deals Reflect Lower Bed Counts

With federal relief propping up nursing home operations during the ongoing COVID-19 crisis, the mergers-and-acquisitions market has remained relatively stable over the past year — but buyers and sellers are already starting to adjust to a world where the full licensed bed capacity is more of a pipe dream than a realistic benchmark. Amy Sitzman, […]

Nursing Home COVID Deaths Fell 66% in Wake of Vaccine Clinics — Even as Overall U.S. Fatalities Rose 61%

After a year of remarkable tragedy in nursing homes, a new analysis of federal COVID-19 data shows a significant drop in resident deaths in the weeks after vaccine clinics began — a trend made even more striking given the simultaneous spike in U.S. coronavirus deaths over the same span. Weekly deaths in nursing homes fell […]

TapestryHealth, Rosie Ink Deal to Expand Nursing Home Telehealth, Remote Monitoring Systems

The widespread embrace and expansion of telehealth may go down as one of the top long-term positive developments to come out of the COVID-19 pandemic, and a pair of tech players in the nursing home space this week announced a new partnership aimed at building on that momentum. Telemedicine provider and primary care practice TapestryHealth […]

Everyone is Right About What’s Wrong with American Nursing Homes

One of the most frustrating parts about covering the disaster in long-term care over the past year has been seeing the incredibly complex system failure of COVID distilled into news stories, Twitter broadsides, and press releases with decidedly simpler narratives. Whether you’re a novelist or a journalist, good storytelling requires a hero and a villain, […]