Delivering care to dual eligible nursing home residents can be complex with so many payers involved in the industry, but aligning incentives, quality measures and tools for providers can help operators serve this demographic. Dual eligible residents, or those that can receive benefits from both Medicare and Medicaid, often find themselves in a “tangled web […]
Oklahoma on Monday approved a nearly $29 million Medicaid funding increase for nursing homes attracting additional federal dollars to improve provider rates. It’s unclear if the rate increase would be enough to meet the upcoming federal minimum staffing standard. The Oklahoma Health Care Authority Board (OHCA) approved the increase after the 2024 legislature called on […]
The Centers for Medicare & Medicaid Services’ (CMS) issuance of civil monetary penalties is in the crosshairs of litigators, as increasingly gained enforcement power comes up against a Supreme Court decision. In the Securities and Exchange Commission (SEC) v. Jarkesy case, SCOTUS ruled that defendants have a constitutional right to make their case to a […]
CIBC Bank USA and a Greystone Monticello affiliate, along with other co-lenders, provided 980Investments with $137 million to refinance a nursing home portfolio. 980Investments is owned by Simcha Hyman and Naftali Zanziper, and the 1,135-bed portfolio is located in North Carolina. CIBC additionally provided a $6.5 million revolving line of credit to support the ongoing […]
Reimbursement trends among nursing homes remain positive while investment opportunities are rising, said leaders at Sabra Health Care REIT Inc. (Nasdaq: SBRA), who also noted that the company’s occupancy recovery looks promising. During the second quarter, Sabra reported net income of 10 cents per diluted common share, a slight decrease compared to 9 cents in […]
Looking ahead, leaders at National Health Investors Inc. (NYSE: NHI) are excited about recent investment activity and a growing pipeline of $270 million. The real estate investment trust (REIT) is pursuing several large portfolio deals, along with fee-simple real estate, loans with purchase options and seniors housing opportunities. The Murfreesboro, Tenn.-based company has spent multiple […]
Brokerage firm Evans Senior Investments (ESI) facilitated the sale of county-owned Samaritan Health Center in West Bend, Wisconsin. An independent owner-operator was chosen as the buyer, upon county approval. Samaritan provides 186 beds, including 131 skilled nursing beds, 24 residential care apartments, and 31 assisted living beds. Samaritan faced several key challenges while on the […]
One of Petersen Health Care’s nursing homes on Monday was placed in receivership, following the Illinois operator’s bankruptcy filing in March. The Courtyard Estates of Farmington nursing home will now be overseen by a court-appointed receiver, thanks to a deal brokered by the Bank of Farmington, according to a report from Peoria Public Radio. Attorney […]
Nursing home operators say the civil monetary penalty (CMP) expansion is proving to be one of the most problematic features of the 2025 Skilled Nursing Facility Prospective Payment System (SNF PPS) final rule. Initially, there was excitement for the Medicare payment increase, but this has turned to dread for operators who are already dealing with […]
CareTrust REIT (NYSE: CTRE) has been busy with its investment pipeline this week, announcing $378 million in new investments after June 30, and on top of $268 million in investments during the second quarter. Chief Investment Officer James Callister said competition for skilled nursing acquisitions is high as oncoming improvement and post-COVID performance has resulted […]
While hopeful that the Supreme Court’s recent Chevron decision will undermine the federal staffing mandate and lead to a more rational regulatory environment, leaders in the nursing home sector also are warning that the ruling could create a period of uncertainty and tumult. Steve LaForte, director of corporate affairs and general counsel for Idaho-based Cascadia […]
The Centers for Medicare & Medicaid Services (CMS) late Wednesday finalized its 2025 Skilled Nursing Facility Prospective Payment System (SNF PPS) rule, approving a net increase of 4.2%, or approximately $1.4 billion in Medicare Part A payments for next year. The increase is calculated based on the SNF market basket percentage increase of 3%, plus […]
A federal court awarded $35.8 million in back wages and damages to 6,000 current and former workers of Comprehensive Healthcare Management Services, as a result of one of the largest Fair Labor Standards Act (FLSA) judgments in the nation. Comprehensive, which operates 15 skilled nursing facilities in Pennsylvania, willfully denied workers overtime pay, a U.S. […]
Leaders with LTC Properties (NYSE: LTC) said Medicaid rate increases were one positive aspect from the second financial quarter, even as some of its assets were seeing occupancy issues and ongoing deferrals in rent. Occupancy “disappointingly deteriorated” among certain assets, including LTC’s skilled nursing facilities, analysts with BMO Capital Markets reported. While overall SNF occupancy […]
The nursing home industry is caught between a growing demand for services and evolution of the delivery model, all while policymakers and the wider community cling to an outdated version of the sector. This has made lobbying for the industry a tricky endeavor, and yet, it also offers a unique – even urgent – opportunity […]
Deal opportunities continue to be abundant for the Ensign Group (Nasdaq: ENSG), and leaders for the nursing home giant also are more confident that the federal nursing home staffing mandate is doomed. While announcing strong quarterly results and increased guidance, Ensign executives stated that the typical seasonal trends of depressed summertime occupancy and skilled mix […]
Meticulous documentation is the name of the game for nursing home operators looking to keep up with Minimum Data Set (MDS) changes and maintaining a good rating in the Five-Star Quality Rating System. This is especially because inaccurate or insufficient data could affect a facility for at least a year in the future. Leaders in […]
There doesn’t appear to be any jail time for a Louisiana skilled nursing operator, who sent more than 800 elderly residents to wait out Hurricane Ida in a crowded, ill-equipped warehouse, resulting in the deaths of seven evacuees, five being classified as storm-related deaths. Bob Dean Jr. was instead sentenced to three years of probation, […]
Following President Joe Biden’s decision to drop out of the 2024 presidential race, leaders in the nursing home space say there likely won’t be any change to the federal minimum staffing mandate or lawsuit given an ongoing strong connection with unions. Biden endorsed Vice President Kamala Harris to run in his place. On Monday, Harris […]
Many nursing home operators in the past year have been in rebuilding mode, bolstering staff and reworking systems to fit better in a post-pandemic world. Principle LTC has been doing much the same in developing programs offered to help employees in crisis or those who want to further their education. But, it’s going to take […]
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