As inadequate funding squeezes nursing homes dry, with Medicare Advantage reimbursing lower than traditional Medicare, and Medicaid funding decades behind on meeting cost of care, facilities are shifting operations to optimize reimbursement. But even that may not be enough. Richard Gamache, CEO of Aldersbridge Communities in Rhode Island, has had to make such operating decisions […]
The Centers for Medicare & Medicaid Services (CMS) hosted a webinar Tuesday focused on data submission related to quality reporting requirements for nursing homes. To remain compliant, skilled nursing facilities (SNFs) must meet or exceed two data submission thresholds. From October 1 to December 31, SNFs must submit 80% of data containing 100% of required […]
Nursing home operators, states and federal agencies continue to shift their strategy to meet the demands of the future work environment, as nursing shortages persist and nursing homes face possible upcoming staffing regulations. Some of these efforts have centered on easing education, training and credentialing. To that end, operators have bolstered relationships with local universities […]
Executives for American Healthcare REIT (NYSE: AHR), which launched a public offering in February, said Friday that they were optimistic about the company’s long-term care prospects even as occupancy growth might not be as robust in 2024 as in the year prior. During the company’s earnings call to discuss 2024 annual and 2023 fourth quarter […]
In an operating environment where many operators are downsizing, Dove Healthcare is extending its reach in Wisconsin by incorporating five new locations into its network. Following this expansion, Dove Healthcare will own a total of 10 skilled nursing and rehabilitation centers, along with five assisted living residences and three independent living complexes. These new locations […]
Litigation tied to the use of independent contractors in the nursing home space has increased ever since the Department of Labor (DOL) in January cracked down on the criteria used to classify workers in the sector. Operators are being targeted, rather than the agencies supplying such staff, and the changes are bound to affect recruitment. […]
Clinical complexity and rising acuity at nursing homes isn’t going away any time soon so nursing homes are adapting their clinical practices and also renewing ways they train staff – and surveyors. This trend of sicker residents has led to a hospital-like sorting and prioritizing of patients in a manner similar to a triage, said […]
As so many in the nursing home space focus on Medicaid reimbursement, others are taking a closer look at improving rate setting methodology and how it can be optimized for facilities. Medicaid rates are in part influenced by fair rental value, which is determined after experienced housing experts perform an in-depth market valuation on the […]
Traditionally, skilled nursing has been a challenging asset class for raising institutional funds. However, this paradigm may be shifting with a growing perception among institutional investors that nursing homes are a type of infrastructure, and the sector is already seeing financial gains. According to Northwind Group’s Ran Eliasaf and Jonathan Slusher, investments in nursing homes […]
PACS Group filed for an initial public offering with the Securities and Exchange Commission (SEC) on Wednesday, citing focus on growth plans in its filing. “As we continue to grow, we intend to explore additional purchases of real-estate assets, through purchase options or right-of-first refusals in existing leases, as well as acquisitions and de novo […]
The skilled industry industry may be at an ‘inflection point’ when it comes to adopting novel technologies, new payment frameworks and evolving care models amid challenges facing the sector. But a hopeful picture is emerging for operators seeking to improve clinical care, and some of it depends on how they innovate and fund the changes. […]
As a “chunk” of the nursing home sector teeters on the brink, the political will of the White House and the unions to implement the federal staffing mandate appears to be at odds with its practicality, affording the industry a chance to challenge it both legislatively and legally. This view was expressed by Ensign CEO […]
A large influx of new patients expected in less than a decade means that nursing home operators must start thinking about bolstering infrastructure along with improving the workforce. And yet, nursing home loans are often the most difficult to obtain across the health care continuum. Knowing how community ties can help providers obtain capital, and […]
The growing prevalence of Medicare Advantage (MA) plans in many skilled nursing markets has been a source of mounting challenges for operators, many of whom are wondering whether they can keep up with the change. Yet a few strategies can go a long way to make the transition work, experts said. They cite leveraging data […]
More government scrutiny of Medicare Advantage (MA) plans and data sharing with nursing homes could reduce claims denials and burdens associated with such plans, sector leaders have long argued. And now a report released Thursday by a Congressional advisory body backs that view in shedding light on how enrollees are captured in data. The Medicare […]
Bernie McGuinness has spent three decades in the nursing home industry, rising from a certified nurse aide (CNA) to reach the pinnacle as former CEO of Majestic Care. But the road for McGuinness has hardly ended there. Now, he is venturing into ownership with Journey Skilled Nursing. McGuinness, president and CEO of Journey, sat down […]
As the skilled nursing industry continues to evolve, efforts towards collaboration, innovation and advocacy will be paramount in addressing the challenges and opportunities ahead – along with making the industry “sexier” to potential nurses and healthcare professionals. This is according to Lana Blagg, Senior VP of Clinical Services at Touchstone Communities, who spoke at Skilled […]
Even as the Biden administration strives to crack down on confusing ownership structures in the nursing home industry, it appears there are gaps in federal data collection and limited visibility into ownership. Only one-third of private equity (PE) and fewer than one-fifth of real estate investment trust (REIT) investments in the nursing home space are […]
About a year ago, Illinois-based Heritage Operations Group significantly reduced its skilled nursing footprint, divesting almost half of its 44 skilled nursing facilities and an assisted living facility. At the time, the company cited added challenges posed by staffing shortages and increased staffing costs amid a challenging economic climate. But a year makes a difference. […]
The Office of the Inspector General (OIG) is recommending that the federal government bolster its support to nursing homes – including through policies that help strengthen the workforce – in order to improve quality of care. In its latest report, which draws upon lessons learned during the pandemic, OIG lays forth a set of five […]
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