In this Priorities, Plans & Perspectives interview, Skilled Nursing News sits down with Brian Cloch, Principal at Innovative Health, to learn about how he manages the rotating roster of day-to-day challenges by staying nimble and maintaining an industry mastermind group that looks out for one another. Read on to discover how Cloch’s perspective has changed […]
American Healthcare REIT late last week announced its completed merger with Griffin-American Healthcare REIT III, creating a combined $4.2 billion in healthcare real estate assets. Danny Prosky, CEO and president of the newly combined company, said in a statement the real estate investment trust (REIT) is “strategically positioned” to go public. During an investor presentation […]
Insurance premium increases have put a huge financial weight on skilled nursing operators looking to raise wages for its staff during a mass exodus from the industry, while trying to attract potential staff or pay for agency workers, Shomer Insurance Services President Ari Baer told Skilled Nursing News. Professional liability insurance can be the second […]
The delta variant and staffing challenges have slowed occupancy gains over the summer, yet skilled nursing still saw an increase in occupancy for the sixth month in a row as of July. NIC MAP® Data, released by NIC MAP Vision, found occupancy increased 58 basis points from June to July to land at 75%. It’s […]
Focused Post Acute Care Partners CEO Mark McKenzie is starting to see burnout among his senior leaders take its toll on overall operations, with at least three of the operator’s administrators recently leaving the profession for other industries. McKenzie said administrator and director of nursing loss has turned into a “critical issue” for the Burleson, […]
After a “quiet” year in 2020, Summit Healthcare REIT is looking to make more transaction noise going into 2022. The Lake Forest, Calif.-based real estate investment trust (REIT) in July acquired three skilled nursing facilities in California for $20 million, and considers itself to be “back in acquisition mode,” Elizabeth Pagliarini, COO and CFO of […]
Chicago-based Huron Consulting, which traditionally has ties to the health care world via hospital systems, has cultivated a small team to zero in on attracting clients from the skilled nursing and long-term care industry. Hand-picked talent and a concerted effort to dismantle the silos in health care set the group apart from other firms that […]
Pennsylvania Congressman Fred Keller last week introduced a bill to connect displaced workers, those out of a job because of the pandemic, with in-demand positions linked to long-term care. The Strengthening Knowledge, Improving Learning, and Livelihoods (SKILLS) Act would pull out-of-work Americans from hard-hit industries like retail and hospitality and place them on a career […]
Nursing homes this year experienced a higher rate of turnover for three positions — registered nurses (RNs), licensed practical nurses (LPNs) and certified nursing assistants (CNAs) — compared to continuing care retirement communities (CCRCs), according to a September report published by the Hospital & Healthcare Compensation Service (HCS). HCS pulled from separate reports on CCRCs […]
Operator reactions to the government’s recent “strike teams” investment range from cautious optimism to flat out skepticism, with many left wondering where this infection control help was in the spring of last year. Others are concerned that the investment, specifically federally-funded teams coming in to help facilities with infection control and prevention, will lead to […]
The Future Leaders Awards program is brought to you in partnership with PointClickCare. The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health and hospice care. To see this year’s future leaders, visit https://futureleaders.agingmedia.com/. TK King, vice president of operational development for EmpRes […]
While wage increases are believed to overwhelmingly be the best way to recruit and retain staff, labor markets in the long term won’t respond well, according to Reginald Hislop III, managing partner at national advisory group H2 Healthcare LLC. “Throwing money at the problem,” as Hislop put it, is a very short-term solution and unreliable […]
The Future Leaders Awards program is brought to you in partnership with PointClickCare. The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health and hospice care. To see this year’s future leaders, visit https://futureleaders.agingmedia.com/. Toni Fimowicz, national director of organizational development at Villa […]
Another operator is unable to pay rent to Omega Healthcare Investors (NYSE: OHI), bringing the total number to three — two operators had stopped paying rent earlier this year. The three operators make up about 8.6% of the Maryland-based real estate investment trust’s (REIT) third quarter contractual rent and mortgage payments, according to a report […]
The cost of providing long-term care services has increased faster than the rate of inflation since 2004, according to a report issued this month by the Bipartisan Policy Center, with the annual costs ranging from $19,240 for adult day health care to $105,850 for a private room in a nursing home. Cost increases — which […]
Idaho-based operator Cascadia Healthcare plans to “grow intentionally” in existing states — the predominantly post-acute skilled nursing operator has 25 facilities across six states, with plans to add four more facilities by the end of the year. Three of its new SNFs will be in Washington and the fourth will be in a state Cascadia […]
The Biden-Harris Administration late Friday announced a $2.1 billion investment geared toward infection prevention and control activities in nursing homes, among other U.S. public health and health care sectors. In October, $500 million of the initial $1.25 billion issued will go toward the staffing, training and deployment of state-based nursing home and long-term care “strike […]
Certain nursing home characteristics — specifically those with higher Medicare star ratings, longer-tenured staff, non-profit and non-chain structures — are tied to better staff and resident vaccination rates, a JAMA Internal Medicine research report found. According to data released on Thursday by JAMA, for-profit ownership was linked to a 2.5 percentage point decrease in staff […]
The Centers for Medicare and Medicaid Services (CMS) has made headway separating metrics changes in the past year-and-a-half, tying some to the pandemic and others to implementation of the Patient-Driven Payment Model (PDPM). John Kane, technical advisor and SNF payment team lead for CMS, helped the skilled nursing industry better understand the impacts of PDPM […]
The Texas Health Care Association (THCA), in a joint proposal with aging services organization LeadingAge Texas, this week requested $400 million in funding to help providers staff buildings amid the skilled nursing workforce shortage. That’s less than 3% of the total federal aid funding allocated to the state, THCA said in a letter to Texas […]
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