A bill to permanently waive the three-day inpatient hospital stay requirement for Medicare coverage of a skilled nursing stay was introduced in the House of Representatives on Tuesday, an attempt to make the pandemic-related change stick around long-term. The bipartisan legislation, titled the “Improving Access to Medicare Coverage Act,” was sponsored by Reps. Joe Courtney […]
Public policy journal Health Affairs this month reported a modest decline in nursing home staffing levels for the majority of 2020, rather than a drastic shortage in staff suggested by various news reports over the course of the year. Taking data from the Centers for Medicare and Medicaid Services Payroll Based Journal (PBJ) system, Health […]
Bedrock Care Group is in full growth mode, with its recent acquisition of six ManorCare skilled nursing and rehabilitation centers in Pennsylvania; the operator plans to buy more centers within the state too. The eight-facility Royersford, Pa.-based management company announced the transaction on Tuesday, approximately doubling its employee count. With its acquisition, Bedrock now has […]
Walker & Dunlop real estate brokers Josh Jandris and Mark Myers laid out skilled nursing industry trends they’re seeing right now, pointing to a continued frenzy of transactions — with publicly traded real estate investment trusts being the sellers and large private companies as buyers. Health care systems are divesting their skilled nursing facilities too, […]
Commercial real estate finance firm Greystone and fellow lender and consulting firm MONTICELLOAM on Monday announced a joint venture combining their senior housing and health care lines of business. The joint venture is expected to provide a “one-stop-shop” of capital finance products for the health care and senior housing industries, the New York-based companies said […]
Long-term care facilities were mentioned only briefly during a U.S. Senate hearing on Thursday concerning health care workforce shortages, before leadership turned to broader issues of primary care physician scarcity and how rural and ethnic shortages in the sector will be exacerbated by the pandemic. Early in the conversation, Sen. Susan Collins of Maine, a […]
Skilled Nursing News was able to sit down (virtually) with Amy Kaszak, president of special needs plans for Virginia-based AllyAlign Health, to talk about current trends in the skilled nursing industry. Consolidation is on the horizon, Kaszak said, along with an increase in managed care, preventative services and home health supplemental options. AllyAlign Health was […]
After more than a year of mostly bad press from the pandemic, the skilled nursing industry is looking to reframe the narrative through localized communication tactics and an open dialogue with area families. Skilled Nursing News invited Villa Healthcare’s Linsey Cherveny and Janine Finck-Boyle, vice president of regulatory affairs at Leading Age to discuss the […]
The pandemic has accelerated a shift to private rooms in the skilled nursing space, an attempt to help curb infection, with 31 percent of operators making the change in some capacity last year. Chicago-based speciality investment bank Ziegler reported the statistic during a CFO workshop in April — research also showed 47 percent of operators […]
Invesque Inc. (TSE: IVQ.U) on Thursday updated shareholders on its continued separation from Symphony Care Network (SymCare) during its first quarter earnings call, with an intended 50 percent drop in SymCare assets long term. The Carmel, Ind.-based real estate investment firm began the first phase of its divestiture with the $20 million sale of its […]
Leadership at National Health Investors said they are cautiously optimistic for the future, with operators seeing an uptick in lead sales and move-ins alongside a rollout of vaccine clinics across its communities for the first financial quarter. Its skilled nursing segments, which represent more than 50 percent of its cash revenue in addition to entrance […]
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