Omega Healthcare Investors, Inc. (NYSE: OHI) reported a successful first quarter with $75 million in new investments, including real estate loans, acquisitions, and capital projects. Despite industry challenges such as the recently announced minimum staffing rule, CEO Taylor Pickett said he is satisfied with the company’s performance, citing higher interest income, improved operational metrics and […]
As rural nursing homes face an ongoing battle for survival, the finalization of the nursing home staffing mandate has only served to instill more anxiety among caregivers and providers in these communities. Some approaches from the rural Midwest, from higher wages to educational training to becoming a nonprofit nursing home, look promising in improving staff […]
As many nursing homes have been forced to close due to economic hardship, a greater degree of specialization in back-office function and front-office work is proving to be necessary to maintain longevity, especially for small operators. This is according to Adam Berman, President and CEO of Legacy Lifecare, which provides back-end management services to seven […]
Welltower Inc. (NYSE: WELL) reported a robust start to the year, noting a nearly 19% year-over-year growth in FFO per share across all segments. Particularly noteworthy was the impressive performance of the senior housing business, surpassing expectations despite economic uncertainties and turbulence in commercial real estate sectors. Shankh Mitra, Welltower’s chief executive officer said that […]
The California Hospital Association (CHA) has taken legal action against Anthem Blue Cross, the largest health insurance company in the state, for its role in denying discharge from hospitals to nursing homes and other post-acute care settings. According to reporting in The San Diego Union Tribune, the lawsuit alleges that Anthem’s prolonged approval processes for […]
Petersen Health Care’s sale of a number of its nursing homes is facing delays as a creditor is calling into question the Illinois-based nursing home operator’s ability to file for bankruptcy. According to an article in WCBU Peoria, the dispute centers around whether Petersen can file for bankruptcy on behalf of eight properties currently being […]
As the long-term care industry comes to terms with the nursing home staffing mandate, there are many factors for operators to consider as they plan for the coming years. The final rule on staffing, which has been received with harsh criticism from the industry, establishes updates to facility assessment standards on top of the minimum […]
Nursing home operators are exploring various avenues to challenge or block the mandate, including legal action, congressional review, and leveraging the appropriations process. “We will vigorously defend our nursing home members by any means necessary,” Rachel Reeves, spokesperson for the American Health Care Association (AHCA) said in a statement to Bloomberg Law. “We are exploring […]
In a recent study published in JAMA Internal Medicine, researchers found that the risk of fractures was numerically higher among subgroups of residents with dementia, higher baseline blood pressure values, and recent antihypertensive medication use. The retrospective cohort study analyzed data from 29,648 long-term care nursing home residents within the Veterans Health Administration (VA) from […]
While many industry leaders vociferously condemned the finalized federal staffing requirements for nursing homes that were released on Monday, analysts covering publicly traded companies in the sector were relatively circumspect. They see the requirements as posing a risk, but analysts who communicated with Skilled Nursing News also generally remained upbeat about the longer-term prospects for […]
The Centers for Medicare & Medicaid Services (CMS) on Monday unveiled the finalized minimum staffing standards for nursing homes, drawing sharp – and deeply apprehensive – responses from leaders in the sector. CEOs of nursing home owners and operators and leaders of industry associations were all but unanimous in their reactions; among those who spoke […]
Editor’s note: Please click here for more complete coverage of this story. The nursing home minimum staffing rule has been finalized, impacting all nursing homes that receive federal funding through Medicare and Medicaid, according to an announcement from the White House. The rule mandates a minimum of 3.48 hours per resident per day of total […]
Skilled nursing facilities are set to see changes to the Quality Reporting Program (QRP), with the Centers for Medicare & Medicaid Services (CMS) making moves to address social determinants of health (SDOH) – mainly, adding factors such as living situation, food, utilities, and transportation. “These quality measures are leading us into the realm of health […]
With Medicare Advantage penetration on the rise, one industry leader recently described his concerns around MA rates for skilled nursing providers as a “race to the bottom.” That comment came from Paul Branin, VP of Business Development at Health Dimensions Group (HDG), during the recent Capital & Strategy conference in Washington, D.C., which was organized […]
The proposed minimum staffing mandate for nursing homes has left the Office of Management and Budget (OMB) and is now pending final approval. According to the OMB calendar, several industry organizations have met with the office as the staffing mandates nears finalization, including The American Health Care Association (AHCA), officials from the Department of Health […]
In light of the upcoming nursing home staffing mandate, industry leaders are concerned about how the measure will be enforced. And, they’re still trying to cope with what they describe as a punitive approach to surveys. On the plus side, labor pressures have started to ease, and workforce initiatives are bearing fruit. “It’s just hard […]
The Centers for Medicare & Medicaid Services (CMS) has announced proposed expansions to CMS’ existing enforcement authority – including higher fines – related to financial penalties for nursing homes. The proposed SNF rule for 2025 will allow CMS more flexibility to impose penalties, within statutory limits. The potential alterations have raised concerns about the heightened […]
Evans Senior Investments (ESI) recently orchestrated the stock sale of a dual-property skilled nursing portfolio in southwest Louisiana to Tutera Senior Living and Healthcare, which will operate the facilities as well. Constructed in 1970 and 1972 and located within 10 miles of each other, the communities have a combined total of over 350 skilled nursing […]
Skilled nursing facilities across the United States are facing mounting challenges related to transportation services, as low reimbursement rates and financial fallout from the pandemic caused some transportation companies to shut down. The challenges are so severe that some operators are opting to eat the cost of chartering their own buses, in lieu of having […]
Neil Pruitt, CEO of PruittHealth, believes that the movement toward creating all-private rooms for residents represents an industry shift to enhancing healing experiences and improving infection control. To that end, PruittHealth recently added a 104-bed luxury skilled nursing center in Beaufort, North Carolina, and a key feature of its layout emphasizes patient comfort and privacy […]
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