Posts by John Yedinak:

  • Formation Chairman: New Models for Skilled Nursing are Emerging

    Nov 07 2018

    Formation Capital has a long history in skilled nursing and based on our conversation with Arnold Whitman — its founder and chairman — the company continues to see a big opportunity for the industry to take advantage of the shift to value-based care. During the National Investment Centers for Seniors Housing & Care (NIC) conference in Read More

  • Court Appoints Receiver for 33 Atrium Health and Senior Living Properties [Updated]

    Sep 09 2018

    Atrium Health and Senior Living announced late on Friday it had reached an agreement to have a receiver appointed for 33 skilled nursing and assisted living properties in Wisconsin and Michigan. The news was first reported by the Milwaukee Journal Sentinel. The Circuit Court of Wood County appointed Michael Polsky of Beck, Chaet, Bamberger & Polsky Read More

  • NHI CEO: Investor Sentiment in Skilled Nursing Has Improved

    Aug 12 2018

    National Health Investors (NYSE: NHI) executives said this week that oversupply is putting pressure on private-pay senior living operators, but the health care real estate investment trust (REIT) continues to see additional opportunity in skilled nursing. The Murfreesboro, Tenn.-based REIT reported second-quarter 2018 revenues of $72.96 million, which missed analysts’ expectations by $0.74 million. Its second-quarter Read More

  • ProMedica-ManorCare Deal Could Signal ‘Titanic Shift’ in Skilled Nursing

    Aug 07 2018

    Welltower Inc. (NYSE: WELL) and ProMedica’s megadeal to acquire Quality Care Properties’ real estate has given the skilled nursing industry a boost, and could spur other similar deals in the future. As part of the $4.4 billion joint venture, non-profit hospital system ProMedica also picked up the struggling skilled nursing chain HCR ManorCare, QCP’s former primary Read More

  • RNs Top List of Most In-Demand Jobs Across All Sectors in 2018

    Jul 17 2018

    A shortage of qualified workers continues to plague the skilled nursing sector, and recent data from job board Monster backs it up. According to a new report from the Weston, Mass.-based online classifieds company, job openings for registered nurses were the most popular type of position posted during the first half of 2018. The health care Read More

  • Specialized Skilled Nursing Operators to Benefit from New CMS Payment Model

    Jul 16 2018

    The new Patient-Driven Payment Model (PDPM) for skilled nursing facilities will require a strategic shift away from the volume of services provided to a focus on patient needs, and a new analysis from Avalere Health says providers should start breaking down their patient data now in order to adapt. Some providers could see Medicare reimbursements decrease Read More

  • Occupancy Pressure Continues to Plague Nursing Care Sector

    Jul 15 2018

    Nursing care occupancy rates fell again during the first quarter of 2018 according to data from the National Investment Center for Seniors Housing & Care (NIC). The occupancy rate for nursing care decreased to 86.2% in Q2, down from 86.5% in the first quarter of this year. One of the bright spots in the data was Read More

  • Diversicare CEO Retires, CFO James R. McKnight to Take Over

    Jul 09 2018

    Diversicare Healthcare Services, Inc. (NASDAQ:DVCR) announced Monday that Kelly J. Gill has retired as Chief Executive Officer. Taking over is James R. McKnight, Jr. who had been serving as the Chief Financial Officer since joining Diversicare in August 2012. “On behalf of the entire Board, we thank Kelly for his many contributions to Diversicare over the Read More

  • Five-Star Ratings Don’t Tell the Whole Story of Skilled Nursing Profitability

    Apr 08 2018

    Hospitals and referral sources have increasingly turned to the Five-Star Quality Rating System when vetting potential skilled nursing partners, but buyers often go even deeper — as these ratings don’t always tell the full story behind a SNF’s upsides. Rather than just focus on the rating provided by the Centers for Medicare & Medicaid Services Read More

  • High Five-Star Ratings Don’t Correlate with Lower Rehospitalization Rates

    Apr 01 2018

    While individual star ratings are important for skilled nursing providers, a high number doesn’t always mean they are providing the best care and seeing lower rehospitalization rates. As the skilled nursing industry continues to adapt to new value-based care models, the importance of the Five-Star Quality Rating System from the Centers for Medicare & Medicaid Read More

  • New Company Sees Potential in Hosting Bed-License Auctions

    Feb 21 2018

    A new company from HealthSwap Advisors is looking to bring transparency and efficiencies to the buying and selling of health care bed licenses. Launched last year, the Bed License Exchange is a marketplace that allows investors and operators to buy and sell these licenses in a confidential, auction-style platform. “Up until this point, bed license availability Read More

  • Managed Care Payments Continue to Squeeze Skilled Nursing Providers

    Feb 19 2018

    As the shift to value-based payments and managed care grows, data shows that skilled nursing providers are seeing revenue per patient under these agreements slide as the patient mix increases. The National Investment Center for Seniors Housing (NIC) found that managed Medicare patient mix at standalone skilled nursing facilities has been growing steadily. In the Read More

  • HHS Proposes New Payment System for Skilled Nursing Providers

    Feb 12 2018

    The new proposed Department of Health and Human Services (HHS) budget was released on Monday, and it’s a mixed bag for skilled nursing providers. President Trump’s spending blueprint would make changes to Medicaid by creating a “market-based health-care grant” that could fund programs in addition to the traditional Medicaid program — a change that would Read More

  • Backed With $34M, Call9 Wants to Bring the ER into Skilled Nursing Facilities

    Jan 29 2018

    With record-low occupancy, rising labor costs, and other pressures eroding the bottom line, the need for nursing homes to innovate to survive has never been more pressing. In their quest for innovation, skilled nursing providers are turning to new partners, such as a Silicon Valley startup offering a solution to prevent residents from going to hospital emergency departments. Read More

  • Skilled Nursing Construction Costs Continue to Rise

    Jan 25 2018

    The cost of building new skilled nursing communities continues to rise due to labor shortages and a significant increase in the price of lumber. Lumber prices increased 13% mostly due to the number of hurricanes and concerns over tariffs imposed on Canadian lumber, according to the winter 2018 report from construction firm The Weitz Company. Read More

  • Skilled Nursing Under Pressure from Every Imaginable Direction

    Nov 13 2017

    Make no mistake: The skilled nursing industry is under threat from a range of forces, and no one is expecting it to end anytime soon. “[The industry is] under pressure from every imaginable direction, and it’s [only] getting harder,” said Russ DePriest, senior vice president and general manager-skilled nursing at PointClickCare. He spoke at the Read More

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