As of March 27, an estimated 91% of nursing home staff nationwide have received the required Covid-19 doses, 56% have received a booster dose and only 6% were granted a religious exemption in response to the health care worker vaccine mandate that went into effect earlier this year. That’s according to the Office of Inspector […]
With interest rates and inflation rising and prices up 8.6% from a year ago — the fastest increase since 1981 — there seems to be a growing fear that a recession may be on its way. In fact, inflationary concerns continue to erode consumer sentiment, according to the University of Michigan Surveys of Consumers, as […]
Chain-operated nursing homes may want to reconsider how they standardize their operation across the portfolio. Nursing home chains that customize service delivery and standardize customer mix tend to see an improved financial performance, while nursing home chains that standardize their customer mix tend to have better clinical outcomes. That’s according to University of South Florida […]
Staffing agencies have been in the crosshairs of the health care industry in the past year with new legislation to cap the amount they charge facilities proposed across the country. However, they continue to offer one of the things the workforce values most right now: flexibility. That’s why ShiftKey, one of the largest platforms for […]
Persistent staffing shortages have put some MDS coordinators at a difficult crossroads. More and more are being called to fill in on the nursing home floor and assist in patient care. On one hand MDS coordinators are registered nurses and often have years of experience in direct care, but for some it’s not how they […]
Greystone has provided $12,750,000 in bridge financing for the acquisition of a Texas skilled nursing facility. Highland Meadows Health & Rehab, a 120-bed SNF in Rockwall, Texas. Highland Meadows Health & Rehab, a 120-bed SNF in Rockwall, Texas, was acquired on behalf of HACO Properties, LLC. Greystone Vice President DJ Elefant originated the transaction and […]
Staff turnover has reached unsustainable levels in the skilled nursing sector, with some staff – particularly certified nursing assistants (CNAs) – leaving faster than they can be replaced. And it goes beyond just raising wages. Despite a 7.13% national hourly wage increase for CNAs in 2021, turnover still increased significantly at the position — jumping […]
Finding solutions to high staff turnover rates and persistent retention and recruitment challenges will take a combination of strategies — forcing nursing home operators to be creative and nimble to find out what works best for them. What can often get in the way of finding the right set of solutions for a provider is […]
Ongoing staffing shortages and the lingering effects of the Covid-19 pandemic hampered skilled nursing census recovery in 2021. Occupancy during that time frame was down 11.2 percentage points compared to pre-pandemic levels in 2019. That’s according to the NIC MAP Vision skilled nursing annual data report, which includes metrics calculated based on a 12-month rolling […]
Champion Care has added four new facilities to its growing portfolio. Two of the facilities are located in Wisconsin and will be renamed The Bay at Muskego Health and Rehabilitation Center and The Bay at Beloit Health and Rehabilitation Center. The other two are located in Tennessee and will be renamed The Bay at Highlands […]
Accurately completing assessments and charting patient care should be more of a priority for skilled nursing facilities moving forward. Not only because operators are facing more MDS coordinator shortages and are outsourcing the process as a result, but also reducing hospital stays could be one way SNFs capitalize on value-based care. At least that’s the […]
One of the nursing home industry’s largest trade groups, LeadingAge, received a $1 million grant from the John A. Hartford Foundation on Tuesday with the aim of furthering some of the recommendations laid out in the recently released National Academies of Sciences, Engineering and Medicine (NASEM) report. The report – dubbed The National Imperative to […]
New builds are becoming increasingly rare in the skilled nursing space, and with material costs rising and inflation only going up it’s easy to see why. Prices for mid-level skilled nursing projects rose to between $260 and $306 per square foot during the spring of 2022 – up from between $252 and $295 per square […]
The Centers for Medicare & Medicaid Services (CMS) needs to seriously consider what a reduction in skilled nursing reimbursement could mean for facilities that are already barely hanging on. At least that’s what providers have indicated in published comments submitted to the agency over the last month and a half. In total, CMS received approximately […]
While some see staffing agencies as more than a necessary evil for nursing homes amid industry-wide staffing shortages, lawmakers and industry advocates continue to push for more oversight and regulation over how these companies operate in the space. Earlier this week, U.S. Sen. Kevin Cramer of North Dakota introduced the Travel Nursing Agency Transparency Study […]
After more than 200,000 nursing home residents and staff died in U.S. nursing homes over the course of Covid, disaster planning has taken on new meaning for the sector. For Michael Wasserman, a geriatrician and the former CEO of California nursing home giant Rockport Healthcare Services and University of Chicago Professor R. Tamara Konetzka that […]
Tryko Partners continues to expand its New Jersey skilled nursing portfolio after acquiring two facilities from one of the state’s largest health systems. Purchased from Virtua Health, the two facilities will be renamed Berlin Rehabilitation & Healthcare Center and Mount Holly Rehabilitation & Healthcare Center, according to a news release announcing the deal. The standalone […]
The clock is ticking on the long-term care sector. Whether an operator is part of a larger organization, a continuing care retirement community (CRCC), or a standalone facility, industry headwinds are pushing leaders across the country to think more closely about what moving to private rooms would look like for their organization. For many that […]
While the latest employment numbers show the health care sector grew by 28,000 jobs in May – including 1,300 nursing home jobs – staffing shortages continue to hold operators back, with many still limiting admissions and asking current staff to work overtime as a result. Employment in health care overall is still down 223,000 jobs […]
Skilled nursing occupancy continues to reach new pandemic highs – reaching 77.1% at the end of March 2022 – as recovery continues after a slight downturn during the height of the omicron variant. The sector’s occupancy has increased 1.2% since January, according to data from the NIC MAP Data Service, powered by NIC MAP Vision. […]
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