MidCap Financial provided a $33 million mortgage for a lease-purchase option on five skilled nursing facilities in Oregon for Avalon Healthcare Group. The Salt Lake City-based Avalon operates post-acute facilities in Hawaii, Oregon, Washington, and Utah. MidCap’s Department of Housing and Urban Development (HUD) lending team will work with Avalon to begin the bridge-to-HUD refinance […]
Bed prices at nursing homes have remained robust in recent years despite industry upheaval, and while it’s impossible to paint the state of the market with a broad national brush, the coming year could bring even higher figures as owners and operators pull off turnaround projects. A snapshot from the third quarter of 2019 revealed […]
A major bundled payment program for hip and knee replacement episodes has produced savings for the government without corresponding declines in quality, according to a new study — confirming the central motive behind a program that has drawn the ire of post-acute operators. The Bundled Payments for Care Improvement model (BPCI) seeks to both decrease […]
Cambridge Realty Capital Companies provided a pair of $24 million Department of Housing and Urban Development (HUD) loans to refinance two Ohio combination skilled nursing and senior living properties. The loan covers the the Vista Care Center of Lisbon — a 76-bed, mixed-use skilled care and assisted living facility — and Vista Center at The […]
Increasing demand for skilled nursing services is a good sign for the industry, according to several experts who spoke on SNN’s annual outlook webinar, but a continued squeeze on margins may affect some facilities’ ability to keep their doors open in 2020. Although the Patient-Driven Payment Model (PDPM) looks like good news, with increased reimbursements […]
Lenders who offer Department of Housing and Urban Development (HUD) loans consider skilled nursing financing to be a long-term relationship, so choosing clients carefully — and thinking about deals as partnerships for the long haul — is crucial for good-decision making. Because the federal government backs these products, which feature low interest rates and a […]
Advance care planning has emerged as a key win-win for nursing home operators and their residents, improving quality of life while also helping providers avoid unnecessary and costly rehospitalizations. Backed by a multi-million-dollar grant and adopted by some major players in the skilled nursing space, a program designed to improve advance care planning opportunities — […]
Officials in Maryland have put out a call to nursing home operators and telehealth providers, offering $750,000 to the company that can create the most expansive tech solution for the state’s post-acute and long-term care facilities. Following in the footsteps of the federal government and health systems across the country, the Maryland Health Care Commission […]
Texas came in last place on a recent ranking of nursing home quality, an outcome that highlights the potential for overdevelopment in the Lone Star State. Based on the percentage of certified nursing home beds at four-and five-star facilities, Texas sat last at 51 on the consumer-finance website WalletHub’s list of states — and the […]
More than 100 nursing homes were left vulnerable, without entry to patient medical records, after their data provider experienced a breach — an example of a threat that could become more widespread in an industry not known for technological advancement. Virtual Care Provider Inc. (VCPI) last month was hit with a ransomware attack, a kind […]
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 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 […]
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 […]
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 […]
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, […]
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 […]
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 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 […]
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 […]
Hip replacements form a key pillar of skilled nursing facility referrals, while large structural shifts to home health have eaten into lengths of stay. But whether or not a senior receives SNF care after the surgery may depend largely on where he or she lives. A new study points to patients from higher income neighborhoods […]
Subscribe
Receive industry updates and breaking news from SNN.