Lawmakers and policy experts have talked about a need to shift seniors from institutional to home settings for years, and the pandemic has dramatically forced the health care delivery system to do just that: Patients en masse are no longer going to skilled nursing facilities, and instead opting for home health care. The changes may […]
Skilled nursing facilities were given clear vaccine opportunities through the federal Pharmacy Partnership for Long-Term Care program, which provided three on-site clinics at facilities across the country — with the goal of providing the two-dose inoculations to as many residents and staff as possible. Now that the third vaccination clinics are wrapping up in most […]
Per-bed prices — a gold-standard valuation metric for buyers looking to invest in skilled nursing facilities — have remained stable for most of the COVID-19 pandemic, and even picked up at the end of 2020. But focusing on cash flow is perhaps even more important as the government shoots money into the industry. Bed prices […]
Though vaccinations are speeding up in skilled nursing facilities across the country, visitation policies still rely on state and county guidance that hinges on the number of COVID-19 cases both in surrounding communities and inside nursing homes. In turn, states and other local authorities will likely look toward Centers for Medicare and Medicaid Services (CMS) […]
Newly inaugurated President Joe Biden’s pick to lead the Department of Health and Human Services, Xavier Becerra, will likely bring an uptick in enforcement and an increased focus on compliance from the agency as political scrutiny turns to long-term care facilities, where an estimated 40% of COVID-19 deaths have so far occurred. Becerra, the current […]
Starting New Year’s Day, payment rates for occupational, speech, and physical therapy for Medicare Part B will be cut by up to 9%. Skilled nursing facilities will have to take a hard look at these services, a ripple effect that could have big implications for third-party vendors. The cuts come on top of pivotal changes […]
In late 2019, North Shore Healthcare bought 22 senior housing and care facilities that had been in receivership. Almost a year later, the timing of the deal has meant North Shore still hasn’t received the initial round of CARES Act relief funds from the federal government — during a pandemic that’s thrown aging care providers […]
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