There’s a strong possibility that Medicare will move to mandate value-based payment models (VBP) for the nursing home industry in the years to come, according to industry executives. Dr. René Lerer and Brian Cloch, CEOs for Longevity Health Plan and Transitional Care Management, respectively, spoke at a panel on the future of VBP models during […]
Occupancy continued to grow through the month of June for nursing homes — five months in a row — according to NIC MAP data released Thursday by NIC MAP Vision. That’s 297 basis points up from the industry’s low of 71.2% in January. June’s occupancy percentage was 74.2%. Investors are optimistic for the future of […]
The Biden administration’s vaccine mandate has dug a deeper hole for the nursing home industry, which has been trying to rebuild its reputation after a year and a half of negative press tied to the pandemic. Targeting the industry has worn away at already dwindling trust, especially for prospective residents and their families. “All the […]
Associations are seeing operators cap occupancy due to crippling staff shortages, including the American College of Health Care Administrators (ACHCA), whose membership consists overwhelmingly of nursing home administrators along with students learning the role and those retired from it. Its incoming president and CEO Bob Lane discussed this vicious cycle with Skilled Nursing News, along […]
Real estate investment trust LTC Properties (NYSE: LTC) late Tuesday announced it entered into a settlement agreement with Senior Care Centers and Abri Health Services, collectively known as the “Lessee,” among others. The settlement — approved in the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division — includes a one-time payment of […]
During a discussion to drive home the importance of more government funding for the aging services space, providers across the long-term care continuum, skilled nursing among them, said they are having to turn away referrals due to dwindling staff. President and CEO of LeadingAge Texas George Linial said 60% of his members have been unable […]
Kennett Square, Pa.-based Genesis HealthCare on Monday announced it has vaccinated all of its staff, barring those with medical or religious exemptions. While Genesis said it met the first deadline under its COVID-19 inoculation policy announced earlier this month, it did not reveal how many employees were terminated as part of its mandate. “While we […]
Centers for Medicare & Medicaid Services (CMS) Administrator Chiquita Brooks-LaSure noted higher participation in value-based payment models like Institutional Special Needs Plans (I-SNPs) during a recent discussion with HealthAffairs, but also hinted that consolidation of such programs may be needed. “Too many models in too many places that aren’t coordinated with each other,” is how […]
Institutional interest has ramped up in the skilled nursing space, with investors seeing opportunity in “stroke-of-the-pen risk,” including but not limited to the influx of government dollars during the pandemic. SNF real estate has experienced more liquidity compared to sister sectors like assisted living and senior housing, investors Ran Eliasaf and Jonathan Slusher told Skilled […]
The American Health Care Association and National Center for Assisted Living (AHCA/NCAL), days after the Biden administration announced its vaccine mandate for nursing homes, urged the Department of Health and Human Services (HHS) and Centers for Medicare and Medicaid Services (CMS) to consider the decision’s effect on staffing. In a letter to the agency, AHCA/NCAL […]
Operators hope that planned booster shots, distributed through a streamlined process, will help protect the skilled nursing community against the “twice as transmissible” delta variant, a phrase used by President Joe Biden in a press briefing Wednesday. The Biden administration announced plans to deliver COVID-19 booster shots directly to long-term care residents and staff eight […]
Following the Biden administration’s announcement that all nursing home staff must be vaccinated against COVID-19 or risk losing Medicare and Medicaid funding, operators and senior living organization leaders fear singling out one group of health care workers will only exacerbate a continued staffing crisis. Some state mandates, on the other hand, call on all health […]
Distribution and waste concerns are top of mind for operators waiting on COVID-19 booster shot plans in the fall, with some recalling timing and logistics issues tied to the initial vaccine rollout. Kevin Morris, president of BaneCare Management in Massachusetts, said the 11-facility company is looking to have vaccine distribution happen at a more rapid […]
Staffing demands from COVID-19 spurred a national 7.13% increase in hourly wages for certified nursing aides (CNAs) this year according to a report published by the Hospital & Healthcare Compensation Service (HCS). The spike outpaced a 2020 increase of 4.76%. Non-certified nurse aides saw the highest raise at 7.98%, up from 4.24% in 2020. Despite […]
Genesis HealthCare this week agreed to a settlement surrounding denied admissions for prospective residents prescribed medication to treat opioid use disorder (OUD). Nine Genesis skilled nursing facilities (SNFs) across Rhode Island and Massachusetts were accused of violating the Americans with Disabilities Act (ADA), Rehabilitation Act and Patient Protection and Affordable Care Act when they allegedly […]
Pennsylvania’s Department of Health announced Thursday that it expected all of the state’s nursing homes to have at least 80% of its staff vaccinated by Oct. 1. Though not presented as a mandate, the state’s public health agency stated that SNFs who do not meet the expectation will be subject to more frequent testing for […]
Diversified health care company Assisted 4 Living (OTC: ASSF) on Tuesday announced it acquired Trillium Healthcare Group assets for an undisclosed sum. Trillium, a post-acute health care company with operational insight into the skilled nursing industry for more than 10 years, is a wholly-owned subsidiary of Assisted 4 Living. This isn’t the first time Braedenton, […]
More than half of Diversicare Healthcare Services (OTC: DVCR) facilities are seeing spikes in COVID-19 cases, which CEO Jay McKnight attributed to the delta variant during the company’s second quarter earnings call. The Brentwood, Tenn.-based nursing home operator had “virtually no” cases as of its first financial quarter earnings call in May, McKnight said. “We […]
Six U.S. senators have introduced the Nursing Home Improvement and Accountability Act of 2021, which would require federal health agencies to closely examine the skilled nursing industry’s staffing requirements, along with bolstered funding to Medicaid. Sens. Ron Wyden (D-Ore.), Bob Casey (D-Penn.), Richard Blumenthal (D-Conn.), Michael Bennet (D-Colo.), Sheldon Whitehouse (D-R.I.), and Sherrod Brown (D-Ohio) […]
National Health Investors’ (NYSE: NHI) skilled nursing assets are outperforming assisted and independent living properties at this stage of the pandemic. Memory care is also on the company’s list of underperforming assets. These three types of properties experienced more significant occupancy and margin pressure, driven by staffing shortages and in turn increased hourly rates and […]
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