As legislators think about how to make long-term care more accessible for a wave of future residents in the coming years, the nursing home sector along with other post-acute care settings could be a bipartisan rallying point. This is especially true as the baby boomer generation drives demand for long-term care, and the country continues […]
Nursing homes owned by eight county-owned hospitals in Indiana generated roughly $2 billion in supplemental Medicaid payments between 2018 and 2023, but only two-thirds of that amount actually went to the nursing homes. The other third, about $649 million, was made available to the hospitals instead, according to an investigative report published on Tuesday in […]
Razor thin margins have been a hallmark of operators in the nursing home industry for some time, but lackluster Medicaid rates and the possibility of Congressional cuts to Medicaid may push some over the edge. The spectre of closures, and in turn access issues for residents and their family members, has been haunting the industry […]
Six nursing homes in Massachusetts were sold to a New Jersey-based provider. Meanwhile, Forest Healthcare Properties facilitated the sale of two nursing homes, one in Kentucky and the other in Connecticut. Whittier Sells Six Nursing Homes to Atlas Healthcare Group Six nursing homes in Massachusetts were sold to New Jersey-based operator Atlas Healthcare Group, which […]
The Medicare Payment Advisory Commission (MedPAC) has recommended that Congress reduce nursing home Medicare base payment rates by 3% for 2026. The Commission tempered their cut, they said, acknowledging uncertainty around the impact of the new nurse staffing requirements on costs to the sector next year. While many in the sector expect the mandate to […]
Starting a new nursing home business is rare, considering the sector’s notoriously tight regulations and slim margins. But, Indiana-based Journey Skilled Nursing has grown to 22 facilities across six states in just under a year, with plans for more M&A in the spring of 2025. Journey is led by industry veteran Bernie McGuinness, who has […]
Nursing home care spending grew by 6.9% year over year in December, with 62% of the increase due to increased utilization rather than price increases. Prices for the sector, meanwhile, increased 2.2% year over year, below the health care composite price index increase of 2.7%. Initial data shows that nursing home care spending for the […]
The Centers for Medicare & Medicaid Services (CMS) has delayed nursing home survey changes for another month, with implementation now to begin April 28 rather than March 24. Associations and providers alike are glad they’re being given more time to prepare, educate and test procedures. CMS said the delay “allows ample time” for both surveyors […]
Greystone provided $29.9 million in bridge financing for the acquisition of a six-facility portfolio in Rhode Island. Meanwhile, a 300-bed New York nursing home received $25 million in financing from MONTICELLOAM. Greystone Provides $29.9M in Bridge Financing for Six Facilities Greystone provided $29.9 million in bridge financing for the acquisition of a six-facility skilled nursing […]
The Health & Human Services’ (HHS) recent announcement to end more than 50 years of public involvement in rulemaking raises concerns, as the full scope of its impact on nursing homes is not yet apparent. The change could also limit the agency’s authority in issuing rules, such as the previous administration’s minimum staffing mandate. That […]
As technology platforms flood the nursing home market, operators are having a hard time tuning out the noise to focus on what will actually move the needle when it comes to quality care and workforce efficiency. No one seems to have cracked the code yet when it comes to using AI, robotics, and other tech […]
The cost of a room in a nursing home rose between 2023 and 2024, with semi-private rooms seeing a 7% increase to $111,325, and private rooms a 9% jump in cost to $127,750. These cost of care increases for the sector fall somewhere in the middle compared to other long-term care settings, according to a […]
The Ensign Group (Nasdaq: ENSG) on Monday announced a slew of new acquisitions of skilled nursing and senior living across four states – Washington, Alaska, Oregon and Arizona. In most of the transactions, the real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Ensign’s captive real estate company. The acquisitions are effective […]
The future of value-based care programs will likely focus on greater integration of care, as nursing homes and other providers in the health care continuum discover the benefits of more thoughtful discharges – less focused on swiftness and more on moving patients through a continuum of care – in order to close costly gaps in […]
Nineteen nursing homes in Massachusetts and Connecticut have been named in a joint complaint alleging systematic fraudulent billing of Medicare and Medicaid for unnecessary care. The facilities, along with present and former management companies RegalCare Management Group, RegalCare Management 2.0, owner Eliyahu Mirlis and executive Hector Caraballo, and therapy company Stern Therapy Consultants were involved […]
LTC Properties (NYSE: LTC) continues to reduce its exposure to skilled nursing in the year ahead, with one of its top 10 operators opting not to renew its lease, which is set to mature in January 2026. Moreover, the REIT is actively negotiating offers to sell seven skilled nursing facilities from that operator, based on […]
Transitions in nursing home care will be heavily impacted by upcoming surveyor guidance, but operators can prepare by being realistic about admissions, while also cleaning up any gaps in the discharge process. At the same time, robust documentation around psychotropic medications will be a boon for operators facing updated guidance. Much of the surveyor guidance […]
Corporate executive salaries in the long-term care space increased by 3.52% on average in 2024 compared to the previous year, a larger increase compared to hospitals and home health/hospice base pay, which increased 3.16% and 3.33%, respectively. The average annual salary for a nursing home CEO with a multi-facility company was $465,750, while COOs saw […]
Skilled nursing deals are plentiful, and private equity has a large role to play in their abundance, according to leaders at Sabra Health Care REIT (Nasdaq: SBRA). This trend comes amid the possibility of Medicaid cuts, which could be watered down eventually from the current package presented by House Republicans, they noted. Speaking during Sabra’s […]
Nursing home leaders are hoping that the Department of Health and Human Services’ (HHS) new chief, Robert F. Kennedy Jr., who was sworn in on Thursday, will commit to protecting Medicare and Medicaid and undoing the federal staffing mandate. Republican lawmakers are pushing for potential Medicaid cuts in their spending bill due to be finalized […]
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