The federal government last week ended a year-long nightmare for families across the country when it announced the relaxation of visitation bans at nursing homes in all but a few limited cases. But for the family members who spent 2020 working to reunite with their loved ones, the work won’t end along with the expiration […]
The Senate Finance Committee on Wednesday held a hearing on the impact of COVID-19 on nursing homes, and witnesses from the frontlines to the academic sphere testified to the fact that the pandemic exacerbated problems that long predated the novel coronavirus. And while the hearing contained its share of partisan talking points — ranging from […]
The Ensign Group (Nasdaq: ENSG) is seeing admission volumes start to recover in the wake of vaccination clinics at its long-term care facilities, but the time it will take for occupancy to return to pre-COVID-19 levels is still an open question, the operator’s executives indicated during a virtual presentation at the brokerage and investment bank […]
The state of California on Monday filed a lawsuit against Brookdale Senior Living (NYSE: BKD), accusing the company of submitting false nursing home staffing data to the federal government and improperly handling resident discharges. California attorney general Xavier Becerra — President Biden’s pick to serve as secretary of the Department of Health and Human Services […]
COVID-19 cases in nursing homes have plummeted since the vaccination effort shifted into gear at the end of December, dropping by as much as much as 82% by the start of March. With the immediate crisis starting to abate, SNF operators are now faced with a daunting task: determining what comes next, and what the […]
The ink on ProMedica’s deal to acquire the operations of nursing home giant HCR ManorCare was barely dry, but the health system’s David Parker already had his eyes on further expansion. The Toledo, Ohio-based ProMedica made a huge splash in the post-acute and long-term care world in 2018 when it teamed with real estate investment […]
The federal government on Wednesday issued updated guidance for nursing home visitations, calling on facilities to allow “responsible indoor visitation at all times and for all residents” — regardless of vaccination status — with a handful of situational exceptions. “CMS recognizes the psychological, emotional, and physical toll that prolonged isolation and separation from family have […]
One of the scarcest resources in any workplace setting is time, and for nursing homes, one of the casualties of this scarce resource tends to be the position of infection preventionist. This usually takes the form of adding the duties of an IP to an already existing role in the nursing home workplace, and in […]
The clinical effects of COVID-19 on the skilled nursing world have been apparent since the start of pandemic, and roughly a year into the public health emergency in the U.S., firm data about the financial health of the space is emerging — particularly as stimulus funding for providers remains uncertain. For the Georgia-based operator PruittHealth, […]
Lawmakers and policy experts have talked about a need to shift seniors from institutional to home settings for years, and the pandemic has dramatically forced the health care delivery system to do just that: Patients en masse are no longer going to skilled nursing facilities, and instead opting for home health care. The changes may […]
When emergency use authorizations (EUA) were granted to two COVID-19 vaccines in December 2020, health care workers and residents in long-term care facilities were granted first priority for the shots — and a federal partnership to vaccinate nursing homes kicked into gear. By January 25, most nursing homes participating in the Pharmacy Partnership for Long-Term […]
Omega Healthcare Investors (NYSE: OHI) on Friday announced the acquisition of Connected Living, a move that will bring an in-house tech option for the real estate investment trust’s (REIT) senior housing and care tenants. The terms of the deal were not disclosed, though Omega senior vice president of corporate strategy and investor relations Matthew Gourmand […]
Home health operators aren’t the only players in post-acute and long-term care looking to capitalize on a weakened skilled nursing sector: As health systems and managed care insurers look to adapt their offerings to the post-COVID tastes of their patients, home health providers may find themselves with significant regulatory and payment tailwinds as they work […]
Genesis HealthCare (NYSE: GEN) on Wednesday announced that it will voluntarily remove itself from the New York Stock Exchange — while also landing a $50 million capital infusion from ReGen Healthcare as part of an ongoing restructuring effort. ReGen’s $50 million debt investment gives the company — a health care turnaround firm — a 25% […]
Welltower Inc. (NYSE: WELL) late Tuesday announced that it will largely end its relationship with troubled nursing home giant Genesis HealthCare (NYSE: GEN), with its joint venture health system partner ProMedica picking up some of the buildings — while also divesting 25 properties acquired through its 2018 ProMedica JV. The Genesis exodus spans 51 assets, […]
The day-to-day operations of running a skilled nursing facility, were upended by the COVID-19 pandemic — along with the core business model of post-acute and long-term care in America. For many operators, the pandemic has exposed the flaws and systemic challenges of the space, both on the regulatory and operating sides. And as cases continue […]
Skilled nursing facilities were given clear vaccine opportunities through the federal Pharmacy Partnership for Long-Term Care program, which provided three on-site clinics at facilities across the country — with the goal of providing the two-dose inoculations to as many residents and staff as possible. Now that the third vaccination clinics are wrapping up in most […]
With federal relief propping up nursing home operations during the ongoing COVID-19 crisis, the mergers-and-acquisitions market has remained relatively stable over the past year — but buyers and sellers are already starting to adjust to a world where the full licensed bed capacity is more of a pipe dream than a realistic benchmark. Amy Sitzman, […]
When the overhaul of Medicare Part A reimbursement for nursing homes took effect in October 2019, predictions of audits and the potential for drastic changes came close on its heels. After all, the Patient-Driven Payment Model (PDPM) was meant to be revenue-neutral, meaning that the Centers for Medicare & Medicaid Services (CMS) would not spend […]
California attorney general Xavier Becerra faced a range of questions in his confirmation hearing for the role of Department of Health and Human Services (HHS) secretary — including whether or not he would support more government aid for nursing homes and other health care providers ravaged by the COVID-19 pandemic. Sen. Susan Collins, a Republican […]
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