Omega Healthcare Investors (NYSE: OHI) may provide summertime rent relief to one of its skilled nursing tenants, as the delay in federal financial relief is causing strains on operators. The Florida-based operator told the Maryland-based real estate investment trust (REIT) that it would need help with its June rent, roughly $2.5 million, according to a […]
Chicago-based specialty investment bank Ziegler last week announced it closed on $44,415,000 Series 2021 Bonds for a 47-acre CARF Accredited not-for-profit continuing care retirement community in Durham, North Carolina. Based just south of Duke University in Durham, North Carolina, The Forest at Duke opened in 1992 and serves as a Type B life care community […]
The ultimate role skilled nursing facilities will play in the post-acute care continuum coming out of COVID-19 remains to be seen. Home-based care utilization has skyrocketed over the past year, partly due to favorable policies out of the Biden administration and shifting referral-source preferences. Meanwhile, most SNF operators continue to battle back from the sudden […]
Four months into the Patient-Driven Payment Model (PDPM), the first cases of COVID-19 were found in the U.S. – and any chance of the Medicare overhaul going as planned was gone. The new system for Medicare reimbursement for skilled nursing facilities, which took effect in October 2019, was designed to be budget-neutral, meaning that the […]
The rise of value-based care has put a greater focus on costs and quality of all health care providers. While accountable care organizations (ACOs) have gotten a bad rap in the skilled nursing industry in the past, joining forces with these groups, which consist of groups of doctors, hospitals and other health care providers, remains […]
Longevity Health Plan, one of the nation’s leading independent providers of Medicare Advantage (MA) institutional special needs (I-SNP) plans in the skilled nursing industry, announced this week that it will be expanding into Michigan next month. It plans to offer I-SNP plans across 16 counties in the state. “We are pleased to partner with forward-thinking […]
At a time when skilled nursing facility operators like Chicago-based Innovative Health feel like they are getting squeezed as patients head for home health or acute rehab facilities, SNFs will need to find new ways to show their value in the modern post-acute care continuum. One way SNFs could find success in improving clinical outcomes […]
Some nursing home operators may fear the push towards home-based care as direct competition, with their facilities still recovering from low occupancy rates caused by the pandemic. However, alternatives to traditional models — such as, Castell Health’s hospital-at-home program, which started in May 2020 and has admitted about 240 patients to date — have been […]
The Centers for Medicare & Medicaid Services (CMS) begins the summer with a new administrator, Chiquita Brooks-LaSure. Soon, the skilled nursing industry will begin to see how this new agency leader — who has a history with CMS and the Department of Health and Human Services (HHS) — will shape nursing home policy and regulation. […]
Greystone announced that it provided a $35 million loan insured by the Department of Housing and Urban Development for the refinancing of a five-property, 558-bed nursing portfolio across southeast Wisconsin. The properties are located in Antigo, Burlington, Manitowoc, and Kenosha. Fred Levine originated the loans for New York City-based Greystone. Each of the non-recourse loans […]
In a health care system that’s adopted new ways to track patients with electronic health records (EHRs) and share structured data through health information exchanges (HIE), nursing homes have been a little slow to modernize. But providing better documentation workflows and embracing more efficient technologies will be a must for SNFs moving forward, Dr. Frank […]
The long-term care industry has dramatically shifted how it treats behavioral health needs in the 11 years since LifeSource Inc. was first founded, according to President Peggy Baddour. Coming out of the COVID-19 pandemic, those needs have only become more clear for the long-term care facilities, independent living communities and behavioral health agencies LifeSource serves. […]
White Oak Healthcare Finances $25 Million for Aspen Skilled Healthcare White Oak Healthcare Finance LLC announced it funded a $25 million credit for Aspen Skilled Healthcare, Inc last week. White Oak will reportedly act as the sole lender and administrative agent of the asset-based senior credit facility and with the funds being used to finance […]
The top officials who will shape the Biden administration’s health policy continue to emerge, as reports indicate that the new administrator of the Centers for Medicare & Medicaid Services has been locked in. Biden’s pick, Chiquita Brooks-LaSure, was confirmed this week in a 55-44 Senate vote, with five Republicans supporting the confirmation, The New York […]
Skilled nursing facilities have benefited from some Centers for Medicare & Medicaid Services (CMS) rule changes that came into effect over the pandemic — but providers should expect these waivers to be removed. While provisions related to telehealth might be lasting, Harvard Medical School Healthcare Policy Professor Dr. David Grabowski does not expect some of […]
During Covid-19, skilled nursing facilities have seen their admissions squeezed as more patients have gone straight from hospitals to their own homes for recovery. But more complex cases are also being diverted away from SNFs, toward inpatient rehabilitation facilities (IRFs) and long-term acute-care hospitals (LTACs). It’s a trend highlighted in an analysis from consulting firm […]
Looking to the future, skilled nursing facilities will need to get creative and find new ways to attract patients and their families in a post-acute care continuum that’s becoming more and more crowded and competitive. A report from Plante Moran looking at how SNFs can rebound from the pandemic shows that nearly 500 surveyed by […]
As skilled nursing facilities across the U.S. have begun to see occupancy rates rise, policymakers continue to reevaluate where care is delivered in the post-acute setting. The pendulum continues to shift toward at-home care. Just last month, the Biden administration unveiled a $400 billion plan to expand coverage of home-and community-based services, noting, in particular, […]
Senior Living Investment Brokerage Sells Skilled Nursing Facility Azalea Gardens Senior Living Investment Brokerage, a leader in the senior housing transaction market, recently announced it facilitated the sale of Azalea Gardens at $11 million. The 170-bed and 137 operational bed skilled nursing community is located in Mobile, Alabama, and remains in a long-term lease with […]
The vaccine is working, especially in places where it is needed the most, according to a new study. “The vaccine is associated with decreased spread of SARS-CoV-2 in both residents and staff at nursing homes as well as decreased deaths among residents,” the study, published last week in the Journal of the American Geriatric Society, […]
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