The post-acute care market is in crisis. The average facility is losing anywhere from $2,300 to nearly $5,900 per day, depending on location, due to staffing challenges, a study conducted by global management consultant Oliver Wyman shows. There are simply not enough nurses and nursing assistants available to fully staff post-acute settings to the level […]
In an effort to meet the evolving needs and growing demands of a patient population that’s become sicker and more complex over the course of Covid, Marquis Health Consulting Services will be enhancing its direct admission options for skilled nursing patients that will serve as an alternative to care in the home. The SNF service […]
Healthcare Transactions Group completed the sale of Bon Secours Mercy Health’s post-acute portfolios in Ohio and Florida. This marks the final phase of a divestiture process that began in November 2019. The Ohio portfolio included four skilled nursing facilities, four assisted living facilities and one independent living facility. The Florida portfolio was made up of […]
Following the tough lessons learned during the early days of the COVID-19 pandemic, nursing home operators are finding ways to ensure they are never caught off guard again. Improving nursing home preparedness has not only been on the mind of operators but government officials and industry experts as well when it comes to discussing reform […]
There is no one way to fill the gap left behind by the more than 400,000 caregivers that have exited the industry since the start of the pandemic. Nursing homes have implemented a number of recruitment and retainment strategies over the past year to curb the worsening staffing crisis, but it may not be as […]
Ziegler announced it closed $27.5 million in Series 2022A and 2022B Bonds for the Lutheran Homes of South Carolina. The Luther Homes of South Carolina currently operates five life plan communities, three hospice offices and four non-medical in-home services throughout South Carolina that includes a total of 1,077 units – 409 independent living, 308 assisted […]
With margins tightening and contract labor utilization climbing, the skilled nursing operators that can find a way to grow their workforce organically will have the most stable staffing levels moving forward. That’s how Pearl Healthcare sees it – and it’s why the Illinois operator has looked to partner with certified nursing assistant (CNA) schools at […]
Workforce numbers are still down for nursing homes with the COVID-19 pandemic coming to a close. In light of that reality, many operators, lawmakers and industry advocates have continued their efforts to bolster the sector’s front-line staff, especially with the temporary nurse aide (TNA) waiver ending soon. At least that’s exactly what Michigan lawmakers are […]
Everything Highland Oaks has built has been for “the grandmothers and grandfathers” in its community to have a place to grow old while maintaining a high quality of life. Coming out of the pandemic, however, the church-owned facility is finding that its model, a model that stayed relatively the same for over the past 30 […]
After months of wondering if hospital referrals would ever rebound during the height of the pandemic, skilled nursing operators now face a new problem. Worsening staffing shortages have left many operators unable to meet current patient demand. That’s according to a new report from CarePort, a WellSky company. The report examines data from more than […]
While private equity-backed health care deals have climbed steadily over the last decade, including in the nursing home sector, that shift may have started to slow. There were 110 private equity deals in the nursing home/disability care category in 2021 — a considerable bump compared to years prior, according to a Morning Consult report citing […]
With the White House’s stated intention to raise the dollar limit on per-instance financial penalties levied on poor-performing nursing homes from $21,000 to $1 million, learning the ins and outs of the survey process from both the state and federal level will be more important than ever for operators. Dealing with “rogue employees” is one […]
Vincennes, Ind.-based skilled nursing facility GentleCare of Vincennes was sold to The Strategies, an Indiana based owner/operator with other communities in the state, Senior Living Investment Brokerage announced. The 60 licensed bed, with 52 currently functional, facility reportedly has one of the longest running five-star designations in the state, according to SLIB. The seller, a […]
Now may be the perfect time for senior living and care executives to take a page from brands and companies such as Olay and Cirque du Soleil, hit the reset button, and reinvent themselves. At least that’s what John Cochrane, president and CEO of HumanGood, thinks. HumanGood is the seventh-largest nonprofit senior living provider in […]
After months of uproar following the announcement that Covid-19 vaccinations would be required for health care workers, it appears the policy may not have hurt nursing home staffing the way that some had initially feared. In fact, staffing shortages have improved since the staff vaccination went into effect, KFF researchers found. An analysis of federal […]
Persistent staffing shortages combined with regulatory headwinds have put even more pressure on nursing home MDS coordinators, a specialty position that itself has not been immune to the job turnover felt across the sector. And their role to ensure that facilities get the reimbursement they earn and the right care is provided may be more […]
As nursing home operators scramble to get their temporary nurse aides (TNAs) certified and tested by Oct. 7, a new bill introduced this week seeks to extend some of the flexibility offered over the course of the pandemic. The temporary nurse aide program was among those earmarked to be discontinued by the Centers for Medicare […]
A large Midwest-based company has transitioned from operator to owner-operator at 12 facilities in Pennsylvania and Delaware after purchasing the assets for $140.5 million in a deal announced on Wednesday by CIBC Bank USA. The seller, a private equity firm, has reportedly been looking to divest from the space. Neither the buyer or seller in […]
After playing a leading role in getting Covid-19 vaccines distributed to nursing homes across the country, Jim Love has stepped down as president of Omnicare. Omnicare, a CVS Health company that provides pharmacy services to SNFs, confirmed that he left at the end of April. “We are very grateful to Jim for his dedication and […]
It will be three years this October since the Patient-Driven Payment Model (PDPM) was first implemented, and some nursing homes are still struggling to adjust. While a global pandemic and unprecedented staffing shortages are partly to blame for problems in PDPM-related processes, so too is widespread staff agency use. And now, with a potential $320 […]
Subscribe
Receive industry updates and breaking news from SNN.