Oklahoma One Step Closer to Boosting Medicaid Rates for Nursing Homes

Oklahoma moved one step closer to boosting Medicaid payments for skilled nursing facilities, with Senate Bill 280 ready to proceed to the Senate for final approval after some floor amendments. Tulsa World first reported the news. Oklahoma is proactively trying to bolster its Medicaid rate, which ranks among the lowest in the country. Several cities […]

3 More Dycora Skilled Nursing Facilities Placed in Receivership

Three more skilled nursing facilities operated by Dycora Transitional Health & Living were placed into receivership on Thursday, bringing the total under third-party supervision to 11. The Thomas Seaman Company was appointed receiver for the three latest properties — located in Fresno, Shafter, and Stockton, Calif. — by the San Joaquin County Court. Affiliates of […]

$7M SNF Pitched in Indiana; New York Investor Buys Ohio Facility

Long Term Care Investments VI is pitching a $7 million skilled nursing facility in Merrillville, Indiana, the Times of Northwest Indiana reported. The development would include five residential buildings, each with 12 beds, a dining area, a spa and a beauty salon; 12 of the units in the development would be designated for dementia patients. […]

CareMount ACO Says Skilled Nursing Should Have ‘Skin in the Game’

When the largest independent physician group in the state of New York decided to move into the Next Generation Accountable Care Organization (ACO) model, it recognized post-acute as an area it needed to work on — and decided to include skilled nursing facilities in its plans. CareMount Medical, which is based in Mount Kisco, N.Y., […]

Green House Project Expands Short-Term Rehab Focus to Meet Expected Demand

The Green House Project, a non-profit that offers alternatives to traditional nursing homes, this week launched an initiative designed to broaden its reach — including a financial feasibility model and a newfound focus on short-term rehab services. Both financial feasibility and the growth of short-term rehab are looming factors in the skilled nursing world, where […]

I-SNP Developer AllyAlign Closes $10M Round Led by McKesson Ventures

AllyAlign Health on Tuesday announced the closure of a $10 million strategic funding round led by McKesson Ventures as the developer and administrator of Medicare Advantage eyes growth. The Richmond, Va.-based firm partners with long-term care providers to launch and maintain Medicare Advantage special needs plans, helping them future provider-sponsored managed care plans. SNFs have […]

CMS Shares Strategies for Successful Collaborations Between ACOs, Nursing Homes

The federal government released a breakdown of strategies that accountable care organizations (ACOs) have used to successfully partner with skilled nursing facilities — a move that could indicate policymakers’ continued support of the care models. The Centers for Medicare & Medicaid Services (CMS) recently released a care coordination toolkit for ACOs that drew from focus […]

GAO: CMS Must Strengthen State-Level Oversight of Skilled Nursing Facilities

For at least 15 years, the Centers for Medicare & Medicaid Services (CMS) failed to deal with gaps in the federal oversight of nursing home abuse investigations in Oregon, the U.S. Government Accountability Office (GAO) determined in a management report released on Monday — and officials want a review of state-level rules nationwide. CMS oversees […]

Dwight Capital Closes Multiple Skilled Nursing Deals in March; SNF/IRF Combo Rises in Arizona

Dwight Capital, a commercial real estate finance firm based in New York, closed several transactions for skilled nursing facilities in the month of March. These included a $3.3 million bridge loan for the 82-bed Victory Health and Rehabilitation Center in Minneapolis, which was bought from a health care real estate investment trust (REIT), and a […]

AHCA CEO: New Tax Law Raises Financial Pressure on Skilled Nursing Facilities

The Tax Cuts and Jobs Act adds to the financial headwinds already rattling skilled nursing facilities by removing a key deduction without any kind of offsetting mechanism, American Health Care Association (AHCA) president and CEO Mark Parkinson argued in an op-ed published in Bloomberg Tax. Specifically, the tax law limits deductions on loan interest payments […]

Pharmacy Company Wellfount Shuts Down Abruptly, Leaving SNFs Scrambling

A pharmacy company that helped lead the charge to automate medicine dispensing collapsed at the end of last month, leaving some nursing homes with less than a month to find a replacement, the Indianapolis Business Journal reported on Friday. Wellfount Corp., based in Indianapolis, put “Redbox-style vending machines” in SNFs that dispensed medicines, with an […]

‘Medicare for All’ Plan Would Expand Coverage for LTC — But Nursing Homes Stay Under Medicaid

Sen. Bernie Sanders this week introduced a bill to create a single-payer health care system for the U.S., a plan that includes long-term care in its scope — but keeps coverage for institutional nursing home care under Medicaid. The legislation would ensure that the so-called “Medicare for All” plan would include benefits for at-home long-term […]

Physician Groups Have Skilled Nursing Opportunity in PDPM — If They Take Action

The clinical condition and medical complexities of skilled nursing patients will drive reimbursement under the new Medicare system — giving physician groups that serve skilled nursing facilities the opportunity to have a major impact on the outcomes and success of both the patients and the facilities they serve. But it’s an opportunity they’ll have to […]

CMMI Could Put Post-Acute Providers Back in Control of Bundled Payments

The leader of the federal government’s center for reimbursement innovation said he is considering bundled payment models where post-acute care providers could take the lead on care — but right now it’s only at the consideration stage. Adam Boehler, who leads the Center for Medicare and Medicaid Innovation (CMMI), said that there has been significant […]

‘Unreasonable’ to Think Therapy Patterns Won’t Change Under PDPM

Though experts and federal authorities alike stress that the coming change to Medicare reimbursement shouldn’t affect the levels of rehabilitation provided to skilled nursing patients, the reality is that therapy is likely to evolve. That makes it all the more important for operator to clearly tie any changes in therapy provision to clinical needs and […]

$300M Skilled Nursing Project Planned in CA; Strawberry Fields Expands Again

The Yountville Veterans Home in Yountville, Calif., is looking to build a 240-bed skilled nursing facility to replace three state-licensed care facilities on campus, including two SNFs, the Napa Valley Register reported. The project could cost $300 million, depending on the design process, campus administrator Fred Just told the publication. But he said it would […]

Meridian Closes Flurry of SNF Financings in Q1; New Nursing Facility in NC

The senior housing and health care team of Meridian Capital Group arranged for more than $500 million in financing for skilled nursing, independent living, and assisted living facilities with 17 transactions across 9 states in the first quarter of the year. The deals included $126 million in acquisition financing and equity for a 14-property SNF […]