SNFs Can Capitalize on Up to $10M in Forgivable Loans for Payroll, Rent — But Window May Be Short

As part of the sweeping $2 trillion coronavirus stimulus package signed into federal law last week, the Small Business Administration will soon offer up to $10 million in fully forgivable loans to small businesses across all industries under its Paycheck Protection Program (PPP). Skilled nursing facilities feeling the payroll or rent pinch can capitalize on […]

CMS to Offer Advance Medicare Payments to Providers as COVID-19 Relief

The federal government on Saturday announced a plan to offer advance Medicare fee-for-service payments, as well as accelerated reimbursements, to all Medicare Part A and B providers. Under the terms of the emergency action, most providers who bill under Medicare Parts A and B can request up to 100% of their Medicare payment for a […]

Skilled Nursing Lenders Still Operating, But Expect Delays — and Focus on Existing Clients Over New Ones

A group of senior housing and care lenders on Thursday emphasized that financing remains available in the space, but buyers and sellers shouldn’t expect business as usual when trying to complete deals during the COVID-19 pandemic. “There is capital out there, but I would say it is definitely a more limited supply and not nearly […]

Lending in Limbo as Skilled Nursing Finance Companies Adjust to a New Reality

The financing of skilled nursing facility deals has taken a backseat to emergency health concerns amid the coronavirus crisis, but some transactions are still moving along — while the long-term state of the M&A landscape, along with the rest of the U.S. economy, remains unclear. Over the past week, Skilled Nursing News reached out to […]

COVID-19 Brings Private Equity Investment in Nursing Homes into the Spotlight

Officials had already expressed concerns about the rise of private equity investment in skilled nursing facilities, citing a lack of transparency and concerns over quality. Then the coronavirus crisis hit. As nursing home operators struggle to fight back a disease described as “almost a perfect killing machine for the elderly,” several resident advocates raised worries […]

Coronavirus Briefs: Cases at Ill. Nursing Home Double in a Day; Federal Medicaid Match Jumps 6.2%

A note to our readers: As the coronavirus crisis continues to unfold, SNN will bring you the information that you need in one easy-to-access place. The weeks ahead will bring challenges both macro and micro, with potentially sweeping federal action needed to “bend the curve” and maintain our health care system’s ability to function — […]

Genesis Reports One COVID-19 Case, Confirms Hospital Demand for Overflow Beds at Nursing Homes

Genesis HealthCare (NYSE: GEN), one of the largest post-acute operators in the U.S., reported one confirmed case of the COVID-19 disease at one of its facilities, in an otherwise optimistic fourth-quarter and year-end earnings call for 2019. The Kennett Square, Pa.-based operator, which has hundreds of skilled nursing facilities and assisted and senior living centers […]

Officials Eye Nursing Homes as Failsafe for Overloaded Hospitals During Coronavirus Spread

A sweeping ban on nursing home visits dominated headlines both inside and outside the industry over the weekend, but buried in the federal government’s recent emergency COVID-19 guidelines was a waiver of the three-day hospital stay rule for Medicare skilled nursing coverage. Under normal conditions, a Medicare beneficiary must remain in the hospital for three […]

After PDPM, ‘More Than Half’ of Therapists Report Mandate to Provide Group, Concurrent Therapy

The Patient-Driven Payment Model (PDPM) was specifically designed to reimburse skilled nursing facilities based on the condition of the patients that they treat, rather than by the minutes of therapy provided to those patients. As part of the change, the Centers for Medicare & Medicaid Services (CMS) included a 25% cap on group and concurrent […]

REIT Stocks Fall Again After Reports of New Nursing Home Coronavirus Case

Another skilled nursing facility in the state of Washington has reported an outbreak of COVID-19, the disease caused by the novel coronavirus that is sweeping the globe — resulting in major declines in the stock prices of several real estate investment trusts (REITs) with holdings in the skilled nursing and senior housing sectors. That facility, […]

How Focused Post Acute Balances Urban and Rural Markets to Thrive Amid Medicaid, Labor Stress

A skilled nursing operator or investor could be forgiven for running toward the exits when presented with the opportunity to take over buildings in rural West Texas. Between persistently low Medicaid rates in the Lone Star State and the general operational difficulties that rural buildings face in markets across the country, the combination may not […]

Medicare Advantage Plans Attracting Lower-Income Seniors — While Saving Them $1,600 Per Year

Medicare Advantage plans have long been a thorn in skilled nursing facilities’ sides, with lower-per day rates and increased pressure to reduce lengths of stay than traditional fee-for-service Medicare. But a new report shines a light on why seniors are increasingly choosing the plans in the first place, reinforcing recent calls to embrace working with […]

Why Even the Best Operator Can’t Fix a Bad Skilled Nursing Market

Skilled nursing operators with a strong regional focus and market presence are attractive to potential investors and capital partners, but ultimately the realities of the market will trump even the best operator. The operator-driven nature of the SNF field makes the people involved in a given facility paramount, but investors can’t overlook how susceptible nursing […]

Diversicare ‘A Very Different Company’ After Kentucky Exit, Touts 7.5% Medicare Rate Boost

Despite a net loss for the quarter, skilled nursing operator Diversicare Healthcare Services (OTCQX: DVCR) touted its performance at the end of 2019, pointing to a 7.5% Medicare rate boost and generally positive performance under the new Patient-Driven Payment Model (PDPM). “With our portfolio changes behind us after the Kentucky exit and the implementation of the new […]

CMS to ‘Immediately’ Refocus Nursing Home Inspections on Infection Control Amid Coronavirus

In the wake of an outbreak of the novel coronavirus at a Washington nursing home, the Centers for Medicare & Medicaid Services (CMS) will immediately refocus inspections of skilled nursing facilities on compliance with the agency’s infection control policies — and suspend all non-emergency survey work, the agency announced on Wednesday. “We obviously are looking […]