Finance and operator voices alike are cautiously optimistic about prospects for the nursing home sector as the Trump administration prepares to enter the White House in January, alongside a Republican majority in the U.S. Senate that has historically been sympathetic to nursing home issues. When it comes to the federal minimum staffing mandate, Cascadia Healthcare’s […]
An emergency petition on Tuesday was filed to expedite the conservatorship action brought by the son of Life Care Centers of America CEO Forrest Preston, as other executive members cited year-end obligations. Preston’s son, Aubrey B. Preston, should be appointed as his conservator on an emergency basis, executives said, due to the critical and time-sensitive […]
Athena Health Care Systems, based in Connecticut, has sold off a significant portion of its portfolio to the New York provider National Health Care Associates, marking the second time the operator has sold off assets this year. Athena sold five of its 15 Connecticut facilities for more than $30 million, according to a report in […]
The long-term financial viability of nursing homes will be seriously challenged as operators face the fallout from the complete wind down of public health emergency (PHE) funds. This is especially true for nonprofit organizations, with many facilities unable to fund existing staffing levels. According to a report published in Health Affairs Covid-19 PHE funds allowed […]
Former president and CEO of the American Health Care Association and National Center for Assisted Living (AHCA/NCAL) Mark Parkinson will be joining Comprehensive Rehab Consultants’ (CRC) board of directors as of Nov. 4. There was a “powerful alignment” in goals and values between Parkinson and leadership for CRC when they first connected, the company said […]
Sabra Healthcare REIT (Nasdaq: SBRA) has had several quarters in a row of continuing occupancy and rent coverage improvement in all of its primary asset classes, including skilled nursing, distancing themselves from the pandemic, leaders said. Meanwhile, its investment pipeline is seeing more activity in the past months, with primarily deals of one or two […]
Capital Funding Group announced the closing of a $207.1 million bridge-to-HUD term loan for the partnership buyout of 13 skilled nursing facilities in Florida. CFG closed on the loan on behalf of 980Investments, a national real estate investment company, the financing firm said in a statement on Thursday, and provided $15 million in accounts receivable […]
Leaders with CareTrust REIT (NYSE: CTRE) added more detail surrounding the company’s latest investments, including the acquisition of 31 skilled nursing facilities in Tennessee and Alabama for $500 million, along with another transaction yet to close for $57 million involving four skilled nursing facilities located in the Northeast. American Health Partners was announced as the […]
While prior authorization has a legitimate role in Medicare Advantage coverage, the practice has expanded to the point of negatively affecting care. This aspect of MA needs to be right sized, and likely through legislation, nursing home leaders said. About 90%-plus of physicians, including those serving nursing home patients, have said that one or more […]
The Centers for Medicare & Medicaid Services (CMS) will no longer process optional state assessments (OSAs) after Oct. 1, 2025 for providers in states that are still transitioning to the Patient Driven Payment Model (PDPM). Moving ahead, CMS will not be involved in whether a state will continue to require the completion and submission of […]
Melinda Monasterski, market operations advisor for Genesis Healthcare, has been named a 2024 Future Leader by Skilled Nursing News. To become a Future Leader, an individual is nominated by their peers. The candidate must be a high-performing employee who is 40-years-old or younger, a passionate worker who knows how to put vision into action, and […]
Katie Plendl, executive director at Wisconsin Veterans Home at Chippewa Falls, Health Dimensions Group, has been named a 2024 Future Leader by Skilled Nursing News. To become a Future Leader, an individual is nominated by their peers. The candidate must be a high-performing employee who is 40-years-old or younger, a passionate worker who knows how […]
A new study on Medicaid payment rates from 44 states shows Medicaid payment rates among nursing homes on average don’t adequately cover today’s costs. Meanwhile, higher staffing levels often correlate with lower Medicaid payment-to-cost ratios. And, nonprofits appear to have the lowest payment-to-cost ratio for Medicaid. Medicaid rates only covered bout 82 cents per every […]
The Centers for Medicare & Medicaid Services (CMS) went over the off-cycle Medicare revalidation process for nursing homes in its latest open door forum on Thursday, its first in several months. About one-third of all providers will receive a letter from their Medicare administrative contractor (MAC) between this month and December requesting completion of the […]
Staffing shortages and increased acuity of patients are playing a big role in referral placement, along with preferences and prerequisites of referral sources. This is causing nursing homes and hospitals in high-demand areas to get creative with in-house offerings and hospital partnerships, as they are still experiencing bottlenecks in the referral process. At the same […]
Skilled nursing facilities need reasonable flexibility and additional support to meet the latest federal mandate – an off-cycle revalidation process for Medicare – for which nursing home advocates are seeking an extension. The American Health Care Association and National Center for Assisted Living (AHCA/NCAL) sent a letter on Wednesday to the U.S. Department of Health […]
Multiple states have been working toward a transition to managed Medicaid from the traditional state-run program, but there have been concerns about reimbursement timing and insufficient payment amounts due to the change. And that’s just the first layer of challenges. Payment portals unique to each managed Medicaid contractor is another hurdle to overcome, in addition […]
Clifton J. Porter II kicked off his first day as president and CEO of the American Health Care Association and National Center for Assisted Living this week – the transition comes after Porter was tapped to take on the role in July. Former AHCA/NCAL leader Mark Parkinson led the organization for 14 years prior to […]
The number of states challenging the federal minimum staffing mandate has now grown to 21 states, after 20 states filed a joint lawsuit. As of Tuesday, Iowa’s attorney general was the latest to sue the Biden-Harris administration, challenging the nursing home federal minimum staffing mandate along with Kansas, Virginia, South Carolina, and other mostly Republican-led […]
Tasia McCullough, director of operations for Eastern Wisconsin at Champion Care, has been named a 2024 Future Leader by Skilled Nursing News. To become a Future Leader, an individual is nominated by their peers. The candidate must be a high-performing employee who is 40-years-old or younger, a passionate worker who knows how to put vision […]
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