After Achieving 33% Hospitalization Cut and $3.4M in Savings, Skilled Nursing Startup Expands

A care-coordination startup that has generated 33% reductions in avoidable hospitalizations and $3.4 million in net savings for nursing homes is expanding on its success with a cash injection from a non-profit research institute. Probari — formerly known as Care Revolution — focuses on treating acutely ill residents in place at nursing homes in an […]

Ford to Scale Back Skilled Nursing Transportation Arm, Shift to Autonomous Vehicles

Ford Motor Company (NYSE: F) has substantially scaled back plans for its medical transportation subsidiary GoRide Health, marking a major turn for the ambulance alternative that had targeted the skilled nursing and hospital-system spaces. TechCrunch initially reported the news this week. GoRide Health, which was launched in March 2017 with the goal of providing an […]

Embracing End-of-Life Plans Can Lead to Better Skilled Nursing Care — While Reducing Unnecessary Costs

For nursing home owners and operators, having frank conversations about residents’ end-of-life intentions, and organizing the associated paperwork proactively, is a potential way to avoid unwanted hospitalizations and the sizable costs that come with it — especially if it’s not in line with the patient’s wishes. Nursing homes are faced with tough decisions when the […]

Nearly Half of Post-Acute Staffers Have Minimal Health IT Knowledge — or None at All

Post-acute providers continue to struggle with information technology and data-sharing — particularly around care coordination and value-based payment models — a new survey from Black Book Market Research reveals. In fact, 49% of providers who were surveyed reported that their staffers had very low levels of health IT levels of understanding — or they had […]

Nursing Home Dialysis Demand Drives Post-PDPM Push to Specialty Services

Dialysis services have recently been highlighted as a major growth area under the new Patient Driven Payment Model (PDPM) — both financially and clinically — especially as reimbursements are recalibrated for higher acuity patients. In July, the Centers for Medicare & Medicaid Services (CMS) rolled out the End-Stage Renal Disease (ESRD) Treatment Choices (ETC) model, […]

New Federal Nursing Home Safety Bill Would Increase Staffing Minimums, Levy $10K/Day Fines

A new piece of legislation before Congress seeks to protect individuals in nursing homes by implementing more stringent staffing protocols — including increased clinical hours and training — among other safety measures for residents. Co-sponsored by Rep. Jan Schakowsky of Illinois and Sen. Richard Blumenthal of Connecticut — both Democrats — the Quality Care for […]

Early PDPM Reactions: Therapy Companies’ Reimbursement Optimism, Continued Coding Challenges

With intense attention on therapy cuts and reimbursement changes during the transition to the Patient Driven Payment Model (PDPM) on October 1, operators and lead clinicians have focused on continuing education and training to remain financially sustainable amid this historic shift. SNN spoke to four therapy companies to see how operators and clinicians are faring […]

Strawberry Fields’ $3.15M Skilled Nursing Buy, Capital Funding’s Bridge Loan for Six Illinois Facilities

Strawberry Fields REIT this week announced the $3.15 million acquisition of The Waters of Muncie, a skilled nursing facility in Muncie, Ind. The all-cash deal for the 72-bed facility now brings the real estate investment trust (REIT) to 74 nursing homes, a spokesperson for Strawberry Fields told SNN. “The Waters of Muncie is a well-located […]

Looming 8% Cut to Therapy Payments Could Have ‘Major Impact’ on Residents, Operators

There’s been significant attention focused on the potential for therapy reductions and reimbursement shifts amid the transition to the Patient Driven Payment Model (PDPM) on October 1, but concerns may soon be shifting to another looming therapy change — this time under Medicare Part B. The Centers for Medicare and Medicaid Services (CMS) has proposed […]

Foundations Health Sees Direct Connection Between Skilled Nursing Growth, Employee Retention

Staffing struggles are nothing new for skilled nursing operators, but one provider in Ohio specifically credits investments in staffing and culture for its recent growth. Foundations Health Solutions, a skilled nursing and physical therapy company that operates 57 properties across Ohio, has boosted margins and expanded its footprint by streamlining the relationships between corporate, clinical, […]

Capital Funding’s $14.7M Bridge Loan in Utah; Sims Lands $14.1M Skilled Nursing Financing in Hawaii

Capital Funding, LLC announced the closing of a $14.7 million of a real estate term loan for a skilled nursing facility in Utah, which closed on October 3, 2019. The Baltimore-based Capital Funding helped owner Stonehenge of Utah to refinance existing debt and buy out Stonehenge of American Fork, minority partners of a 119-licensed bed […]

A Month into PDPM, Breaking Down the Pros and Cons of Third-Party, In-House Therapy

About a month into the Patient-Driven Payment Model (PDPM) for skilled nursing facilities, operators are taking stock of reimbursement strategies — including how they are tracking clinical outcomes and overall margins. Shifting from a third-party provider to an in-house model, or vice-versa, might also be part of that equation, though the answer isn’t quite straightforward.  […]

Moody’s: PDPM Has Potential to Stabilize Rents for Skilled Nursing REITs

Skilled nursing facilities will become more financially stable under the new system for Medicare reimbursement – which is a good sign for their landlords, according to Moody’s. Specifically, the stabilized cash flows under the Patient-Driven Payment Model (PDPM) are set to improve real estate investment trusts’ (REIT) credit standing, allowing more investments in this sector, […]

Inside Innovative Health’s $80 Million Skilled Nursing Construction Push

Despite a general lack of new construction in the skilled nursing space, one owner/operator stands out for building three brand-new skilled nursing facilities in the Chicagoland area. And when many companies are paring down staff and consolidating, Brad Haber, principal owner and operator at Innovative Health, LLC, is midway through spearheading three SNF construction projects […]

Why Signature Believes 18 Months of PDPM Prep Will Pay Off

The first round of earnings calls these past two weeks revealed few firm outcomes related to the new Medicare payment model for nursing homes, but one provider was identified as potentially ahead of the curve: Signature HealthCARE. Omega Healthcare Investors (NYSE: OHI) chief investment officer Robert Stephenson on Wednesday praised Signature, one of its tenants, […]

Vacant Skilled Nursing Facility Changes Hands in Ohio; Banking on Hospital Referrals in NH

Blueprint Healthcare Real Estate arranged the sale of a vacant 150-bed skilled nursing facility in Southeast Ohio. The Chicago-based brokerage worked with a real estate investment trust (REIT) owner and its national skilled operator tenant, which was looking to exit the state. The property was designated a Special Focus Facility, the federal government’s list of […]

Omega Closes $735M Skilled Nursing Deal, Confirms Consulate as Primary Operator

Omega Healthcare Investors (NYSE: OHI) on Tuesday announced the formal completion of a $735 million deal to acquire 58 skilled nursing facilities — with Consulate Health Care confirmed the primary operator involved in the transaction. First announced back in August, the deal closed on October 31, and saw the real estate investment trust (REIT) acquire […]

Ensign Picks Up Six More Skilled Nursing Facilities as Rapid Growth Continues

The Ensign Group (Nasdaq: ENSG) this week delivered on a promise to continue its rapid expansion, announcing the acquisition of six more skilled nursing properties — to bring its total portfolio to 208. The first set of properties includes three buildings in San Antonio, Texas: Hunters Pond Rehabilitation and Healthcare, a skilled nursing facility with […]