During the course of its 19-facility expansion — in the middle of a pandemic — Texas operator Creative Solutions in Healthcare avoided hiring additional accounts receivable personnel by utilizing a health care payment automation platform. Fort Worth, Texas-based vendor CoreCare supplies reimbursement automation technology to make this feat possible, while the SNF industry faces a […]
Providers are scrambling to make sure they are filing Provider Relief Fund (PRF) reports correctly and have all relevant data to avoid auditing woes or rejected reports. Consultants and skilled nursing advocacy groups have stepped up to provide guidance on how to submit reports to the newly opened PRF portal — the Health Resources and […]
With five skilled nursing properties acquired this month and two more due to come on board in August, Indiana operator Majestic Care is definitively in growth mode. The operator continues to look for different opportunities to serve its core Midwest market while expanding to other geographic areas, Majestic CEO Bernie McGuinness said, including expansion into […]
A continued shortage of medical directors opting to enter the aging space has had unforeseen ramifications in skilled nursing facilities, with this position being key to convincing staff to receive the COVID-19 vaccine. Certified nursing assistants (CNAs) in particular, according to the National Association of Health Care Assistants CEO Lori Porter, put a lot of […]
Operators that had more staff coming in and out of a skilled nursing facility, while maintaining comparable direct care hours to those with less staff, had increased susceptibility to COVID outbreaks last year, according to a report released by public policy journal Health Affairs. Findings are interestingly at odds with industry initiatives to add more […]
Seven leading national organizations in the medical field released a statement this week advocating vaccination requirements for health care facility employees. The groups said vaccination against COVID-19 should be a condition of employment. They went on to say the country will not achieve a sufficient vaccination rate otherwise. The current national percentage of vaccinated skilled […]
LTC Properties says they’re not seeing many investment opportunities in the skilled nursing space currently, but their approach hasn’t changed — they remain committed to the space. Pricing has been surprisingly robust compared to other senior sectors such as private-pay senior living due to financial support provided by the CARES Act Provider Relief Fund. Total […]
As nursing home operators introduce more sophisticated monitoring technology to their facilities, the benefits of such tools sit on a knife’s edge. Monitoring platforms may help caregivers do more with less during a pandemic-exacerbated staffing crisis. It’s also possible that operators can open themselves up to potential litigation, depending on if they have the staff […]
While the skilled nursing sector will continue to experience occupancy recovery well beyond this year, the average sale price of facilities per bed has been the highest since 2016. Nursing care assets have traded with an average sale price of $90,700 per bed, according to an outlook report released by Calabasas, Calif.-based real estate brokerage […]
Operator investment in talent, company culture and technology, along with a close eye on local markets, are key to survival at this stage of the pandemic. That’s with skilled nursing care becoming an increasingly localized, segmented industry, according to Bill Kauffman, senior principal with the National Investment Center for Seniors Housing & Care (NIC). Kauffman […]
With the Provider Relief Fund (PRF) portal opened as of July 1, the Health Resources and Services Administration (HRSA) issued guidance updates from those initially released June 11, aimed at those looking to submit their reports. Webinars on updated reporting requirements start today with HRSA at 3 p.m. ET and continue in several weeks with […]
Nursing home occupancy has increased for the third month in a row, according to a new analysis from the data service affiliated with the National Investment Center for Seniors Housing & Care (NIC). From March to April, the NICMAP Vision report recorded a jump of 94 basis points to end at 73.2% for April; that’s […]
Skilled nursing facilities need a boost in Medicaid reimbursement rates to pay for increased caregiver compensation, as well as an overhaul of the current payer structure, according to a six-strategy vision report from the senior care advocacy group LeadingAge. LeadingAge released the report, “Feeling Valued Because They are Valued,” on Thursday, a timely push as […]
Home health and hospice provider Amedisys Inc. (Nasdaq: AMED) late Wednesday announced plans to acquire SNF-at-home company Contessa Health for $250 million. The Baton Rouge, La. company said it intends to grow Contessa’s logistics platform CareConvergence, in addition to owning its hospital-at-home and home-based skilled nursing services. Amedisys’s total addressable market (TAM) for in-home care […]
The California Department of General Services (DGS) has begun preconstruction on an ambitious $269-million skilled nursing and memory care center in Napa Valley, a project eight years in the making. DGS’s client, the California Department of Veterans Affairs (CalVet), plans to combine the new 240-bed SNF with three existing facilities on the 615-acre campus. This […]
The American Health Care Association and National Center for Assisted Living (AHCA/NCAL) on Wednesday issued a statement indicating the nursing home industry has fallen behind its vaccination goal — 75% of staff vaccinated by June 30. The current national percentage of vaccinated skilled nursing facility staff is sitting at 58% on average as of June […]
A unique combination of investor interest, public attention and a floundering workforce offers the skilled nursing industry a unique chance to reinvent itself. Owners and operators of nursing homes need to be working with industry partners to drive not just anyone to the SNF workforce, but individuals with a drive and talent to recast the […]
With more than half of nursing homes currently operating at a loss, only a quarter are confident that they can last a year or more. That’s according to a survey of 616 skilled nursing facilities conducted by the American Health Care Association and National Center for Assisted Living (AHCA/NCAL). The organization posted its findings on […]
The skilled nursing scene is increasingly a sellers market, brokers say, as buyers that adopted a cautious approach during the pandemic have changed tack to pursue transactions. Investment interest is more wide-ranging too, with operators and owners, public and private players ready to bid. As a result, prices in the space have climbed and are […]
National Healthcare Corp. looks to further diversify its service lines within the care continuum, this month acquiring outstanding stakes in hospice and palliative care system Caris Healthcare for $38.95 million. NHC deals primarily in skilled nursing facilities, with its affiliates operating 75 SNFs, followed by 35 home health agencies, 28 hospice agencies, 24 assisted living […]
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