The federal government on Monday proposed its payment rate update to skilled nursing facility (SNF) reimbursements for fiscal 2024, which includes a net increase of 3.7%, or approximately $1.2 billion, in Medicare Part A payments to SNFs. No updates were issued on staffing minimums. That rate increase from the Centers for Medicare & Medicaid Services […]
Blueprint Healthcare Real Estate Advisors has arranged the sale of 12 skilled nursing facilities in Utah, with a portfolio of 1,275 licensed beds, to a Nevada-based operator. Blueprint did not disclose the identities of the parties involved, but shared in a March 30 press release that the firm was initially approached “by a longstanding and […]
Medicaid revenue per patient day (RPPD) for skilled nursing facilities is at an all-time high. That’s according to the latest data from NIC MAP Vision, which released its new skilled nursing monthly report on March 30. Despite this new benchmark being reached, Medicaid rates still often are not high enough to cover the cost of […]
On the heels of warnings about the spread of deadly fungal infection of Candida auris, the World Health Organization (WHO) is now raising alarms about widespread resistance against antimicrobial drugs — with long-term care settings particularly at risk of some resulting “superbugs.” Medical experts and government agencies are cautioning that unless the use of antimicrobial […]
Kandu Capital and Bloom Senior Living’s decision to sell the last remaining assets in skilled nursing and psychiatric care was a continuation of a long process to increase the group’s portfolio of senior housing rather than any macro factors related to the skilled nursing space. “Were they a sale arising out of anything with any […]
At the heart of successful new hiring programs backed by nursing homes across the United States is the philosophy that nurses deserve better pay, free training, a guaranteed job, and an easier path to career advancement. State-level initiatives from Hawaii to the Midwest are gaining traction by allowing workers to train for specialized positions while […]
Imagine a nursing home resident with dementia falls and needs surgery, but there is no one to approve the care plan or foot the resulting bill, putting the nursing home in a bind. The responsibility usually falls upon family members, but given the increasing trend of an aging population without kin, this situation is becoming […]
Citing a tough economic climate of labor shortages and higher staffing costs, Heritage Operations Group is selling 22 of its 44 skilled nursing facilities and an assisted living facility. “Heritage Operations Group has been strategically evaluating how to best provide health care services into the future,” said Hart in a statement to WGLT.org on Wednesday. […]
A Congressional advisory body on Wednesday put forth recommendations for closer assessment of nursing facility Medicaid payments, including whether they are sufficient to cover costs of care. The proposals could allow for a finer tuning of Medicaid rates and therefore could benefit the sector, as long as they do not put greater administrative costs and […]
The Ensign Group (Nasdaq: ENSG) is looking to expand into Mid-Atlantic states and cautiously eyeing other opportunities while remaining focused on successfully transitioning recently acquired properties, company leaders said Tuesday. The company recently took over operations of 17 skilled nursing communities (SNFs) in California, as part of a previously announced deal with Sabra Health Care […]
Over-reliance on artificial intelligence is compromising post-acute care for nursing home residents on Medicare Advantage plans. This view of the problematic use of algorithms for prior authorizations – and denial based on incorrect assessment of patient needs – is at the center of reporting and analysis published in the health, medicine and life sciences publication, […]
For the last year, federal regulators have taken steps to increase nursing home ownership transparency, as part of the White House’s reform agenda. The most recent actions have centered on more clearly defining different types of ownership groups and making information more consumer-friendly – and have drawn concern and criticism from within the sector. About […]
The skilled nursing sector is in the midst of upheaval, and providers must create and execute on strategies that involve difficult choices and significant financial investments if they hope to thrive in the future. “We are in a period of disruption,” Dana Wollschlager, partner and industry practice leader of senior living development and advisory services […]
As nursing home advocates continue to push for ending the 3-day hospital stay requirement, a recently released federal agency report on the use of these waivers by accountable care organizations (ACOs) showcases some of the benefits that they have brought to patients and providers. Use of waivers by ACOs for a 3-day stay did not […]
ProMedica is selling its Heartland hospice and home care business to Gentiva. The deal, announced Monday, comes on the heels of nonprofit health system ProMedica divesting of nearly 150 skilled nursing facilities in a deal involving Welltower (NYSE: WELL) and Integra Health. Gentiva is the largest hospice company in the U.S. based on revenue and […]
American Senior Communities announced Andrew Shane as its new COO Friday, amid several changes to leadership this week. “As health care, and in particular, senior care continues to evolve and change, we are committed to bringing new innovations to our care programs, enhancing the quality of life for our residents and employees,” Donna Kelsey, CEO […]
Despite the challenges facing the nursing home industry, National Health Investors Inc. (NYSE: NHI) executives said on Wednesday that the real estate investment trust is on track for stable growth backed by steady performance of its skilled nursing facilities and its portfolio optimization. Still, the REIT’s Q4 2022 results point to ongoing challenges, including two […]
As staffing remains one of the leading areas of trouble for nursing homes, operators have turned to technology tools that have improved both retention and recruitment of workers in the last year. But while operators, advocates and even insurance providers associated with the skilled nursing sector applaud the implementation of staffing-related technology, doing so is […]
As Senators began hearings on the challenges facing the health care sector Thursday, nursing home advocacy groups redoubled their calls to lawmakers to end the three-day hospital stay requirement for the skilled nursing industry, noting difficulties facing the sector, especially amid staffing shortages. LeadingAge, which represents more than 5,000 nonprofit aging services providers, sent letters […]
The Centers for Medicare & Medicaid Services (CMS) announced Monday a proposed rule to require nursing homes to disclose more information regarding their ownership and management, including information related to assets held by real estate investment trusts (REITs) and private equity firms. Nursing homes will be expected to disclose this information as part of the […]
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