Of 616 nursing homes surveyed by the American Health Care Association and National Center for Assisted Living (AHCA/NCAL), 94% said they are experiencing a staffing shortage. Nearly three-fourths of respondents indicated that their workforce situation has worsened compared to 2020, largely due to higher turnover associated with the COVID-19 pandemic. Facilities are actively trying to […]
In a wide-ranging conversation about value-based care, skilled nursing industry leaders said operators and owners need to be more willing to take on risk to benefit from such models. Integrated Care Solutions CEO Brian Fuller and Eric Tanner, chief executive of SNF operator OnPointe, said during a fireside chat at the Synergy Summit that providers […]
Skilled nursing facility operators and others in the senior care industry with diversified service lines are in a better position to care for residents at this point in the pandemic — and in the future. Operators with a diverse payer mix also have an edge, long-term care experts told Skilled Nursing News. Broadly, operators have […]
Skilled nursing facilities continue to be plagued by insurance issues more than a year into the pandemic, with more and more carriers pulling out of the sector or attaching COVID-related exclusions to policies. Chicago-based risk management, insurance brokerage and advisory firm Willis Towers Watson in a November report said the COVID impact exacerbated existing problems […]
Communicating safety precautions is key to restoring census at skilled nursing facilities — and rebuilding trust among residents and families — according to a presentation hosted Tuesday by the Advisory Board. In a presentation covering post-acute care and public perception, Monica Westhead, managing director of nursing and post-acute care research at the research organization, said […]
The private sector has become more interested in investing in skilled nursing assets this past year into 2021, thanks to less competition from the public sector and (in some cases) distressed sales due to the pandemic. Public skilled nursing facility (SNF) owners like LTC Properties, Welltower Inc. and Omega Healthcare, meanwhile, are less inclined to […]
Providers can expect $10 billion of remaining CARES Act funds to go to the skilled nursing and senior living sector, according to sources at real estate investment trusts Sabra Health Care REIT (Nasdaq: SBRA) and CareTrust (Nasdaq: CTRE). About $3 billion of an $8.5 billion rural fund included in President Joe Biden’s American Rescue Plan […]
Aiming to win over skilled nursing operators and owners in need of residents, direct contracting entities say their connection with area hospitals can be a deciding factor in future partnerships. The U.S. Centers for Medicare & Medicaid Services (CMS) unveiled the direct contracting program in conjunction with its Primary Care First initiative. It includes three […]
While occupancy numbers are enjoying a modest upward trend, skilled nursing operators face an uphill battle to strengthen long-term care metrics into the next year. And, staffing issues also loom large and are commanding attention from SNF operators. These were among the big topics under discussion at Tuesday’s Synergy Summit, where leaders with providers Marquis […]
While participation in value-based payment models has been historically low among skilled nursing facilities, the industry indirectly benefited from the payment models during the pandemic, according to a study conducted by Duke University’s Margolis Center for Health Policy in May. The John A. Hartford Foundation in New York presented key themes from the report at […]
Ziegler’s CFO Hotline report released May 24 indicated that approximately half of skilled nursing operators in the country plan to make COVID-19 vaccines mandatory moving ahead. The Chicago-based specialty investment bank surveyed more than 220 SNF organizations for the report. Currently, only 10% of operators have mandated the shot either for all staff or for […]
Nursing home operators across multiple states have raised wages for certified nursing assistants and licensed practical nurses, thanks to a combination of union actions, post-pandemic market dynamics and public policy shifts. But with operators still facing acute financial pressures, raising wages is not a simple matter. Larger structural changes are needed to support higher wages […]
The National Academy of Medicine’s “Future of Nursing 2020-2030” report charts a path past the pandemic for every type of nurse, including those within the skilled nursing spectrum, with a focus on health equity. The term refers to an effort to make sure everyone is getting access to a healthy lifestyle, including health care professionals, […]
San Clemente, Calif.-based CareTrust REIT (Nasdaq: CTRE) has transferred operations of its four Five Oaks Healthcare facilities to affiliates of the Ensign Group (Nasdaq: ENSG) as of June 1. The skilled nursing facilities, all in Washington, were added to a long-term, triple-net master lease between the real estate investment trust and San Juan Capistrano, Calif.-based […]
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 […]
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