The value-based purchasing program (VBP) available to skilled nursing facilities, while garnering the attention of the Biden administration in its sweeping reform initiatives, was already under the microscope with federal agencies. The Centers for Medicare & Medicaid Services (CMS) already has been authorized to apply nine measures to the program in adherence with the Consolidated […]
While building back hospital referrals is one way skilled nursing facilities (SNFs) have looked to recover census loss over the course of COVID-19, new data shows that referral rejection rates are at an all-time high as staffing shortages continue to cripple the sector. That’s according to an analysis by Careport, a WellSky company, which shows […]
CareTrust REIT (Nasdaq: CTRE) has a new CEO and is embarking on what leadership is calling a pivotal year as the company takes steps to mitigate the risk in its portfolio and pursue new avenues, while remaining active in its core business markets. It’s been a busy few months for new CEO David Sedgwick. The […]
As the Centers for Medicare & Medicaid Services (CMS) vaccine mandate deadline looms this week, nursing homes across the country have stepped up to get their staff vaccinated in time – while still lagging on booster numbers. Nearly 85% of nursing home staff per facility are vaccinated, according to CMS data, and 87.3% of residents […]
Movement at the state and federal level has prompted an expedited shift to more private settings in nursing homes. While the trend isn’t entirely new for the industry, the push from government agencies to make it a compliance issue has garnered mixed reactions. The Biden administration called for reduced room crowding in nursing homes in […]
The Centers for Medicare & Medicaid Services (CMS) is in a “full court sprint” toward fulfilling the Biden administration’s proposed nursing home reforms first announced last week, CMS Principal Deputy Administrator Jonathan Blum said during a stakeholder call on Thursday. Twenty-one initiatives across five strategic goals will have short-, mid- and long-term timelines for implementation, […]
It may seem impossible to remove agency use completely during the ongoing staffing crisis, with 238,000 caregivers that have left the profession since the pandemic began and workforce levels at the lowest that have been in 15 years, according to the U.S. Bureau of Labor Statistics. Meanwhile, nursing home operators may pay three to four […]
Facing skyrocketing agency rates, long-term care providers have taken it upon themselves to launch in-house agency services to meet an increasing demand for flexibility among a dwindling number of staff. Operators market the business line as the “best of both worlds,” Eileen Caffey told Skilled Nursing News – additional pay, experience in different care settings […]
As the nursing home industry tried to digest a sweeping set of industry reforms proposed by the Biden administration on Monday, a Capitol Hill lawmaker got in on the action by proposing a bill to force private equity firms to disclose their ownership in facilities. Amid all these developments, one thing has become evident: the […]
The Biden administration rolled out a comprehensive set of intended nursing home reforms on Monday to “crack down on bad actors.” The White House zeroed in on setting minimum staffing requirements and took aim at private equity ownership of nursing homes, among several other priorities and provisions in its plan. Steps toward reform were developed […]
Private equity investment in the skilled nursing space has gained steam over the last few years, even before the COVID-19 pandemic, and that is only expected to continue in 2022 as more competition has returned to the marketplace. The trend was evident throughout 2021 as the most active buyers throughout the year were private equity […]
While types of financing available to nursing homes have remained relatively consistent throughout the pandemic, the number of lenders has fluctuated, capital providers have said. In recent months more competition has come back into the skilled nursing marketplace, VIUM Capital Senior Managing Director Tony Ruberg told Skilled Nursing News, with larger players ready to be […]
Staffing is unequivocally, and unsurprisingly, the top challenge for the skilled nursing industry in 2022. That’s according to the Skilled Nursing News 2022 outlook survey, conducted online late last year as a way to identify the top sources of concern and opportunities leaders saw in the year ahead. Labor challenges are not only widespread, but […]
With the pandemic imposing the need for skilled nursing facilities to move away from institutional type settings, more SNF operators have taken a page from the hospitality industry — adding concierge-like services and hotel-style accommodations. Generations Healthcare, for instance, recently completed construction on a 116-bed nursing home in Temecula, Calif. – following the opening of […]
The COVID-19 pandemic continued to put pressure on an already strained skilled nursing industry in 2021. The next 12 months will be yet another test of resilience. Looking ahead to 2022, SNFs must stay nimble and inventive to not only survive but thrive. Private equity will continue to lead the nursing home transaction market pack, […]
Though some nursing home owners had hoped to put the COVID-19 pandemic behind them by the end of 2021, coronavirus variants and the exacerbated staffing shortages have made that impossible for most heading into 2022. If this year has taught the sector anything, it’s that some threats to long-term care won’t be as temporary as […]
Several recurring topics crept up while chronicling Skilled Nursing News’ most-read stories of the year – occupancy, staffing, acquisitions and the industry’s place in value-based care – among others. Of course, the COVID-19 vaccine rollout and subsequent mandate were top-of-mind the entire year as well. The Biden administration sought to boost lagging staff vaccine rates […]
The Centers for Medicare & Medicaid Services (CMS) has suspended its vaccine mandate for health care staff, including those who work in nursing homes, so long as court injunctions remain in effect. CMS announced the mandate suspension in a memo on Thursday, adding that it has appealed both court decisions and has filed motions for […]
Some nursing home advocacy groups and operators, upon the Thursday release of the Biden administration’s vaccine mandate guidance, say execution will only make the current workforce crisis worse. Others believe employer-initiated mandates indicate less of a workforce loss, with operators like St. Louis, Mo.-based St. Andrew’s Resources for Seniors System (STARRS) losing less than 2% […]
As Medicare Advantage enrollment continues to climb and operators look for a seat at the table, ProMedica Senior Care President Angela Brandt believes now is the time to recognize the role long-term care facilities can play in value-based payment. “We all have to get comfortable with where we add value for the health care continuum […]
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