It’s certainly too early to determine what the senior housing and care landscape will look like post-pandemic, but the leader of a leading real estate investment trust (REIT) in the space thinks post-acute facilities will have an easier time returning to some kind of normalcy once the peak of the COVID-19 crisis passes. Unlike the […]
Prior to the start of the COVID-19 pandemic, skilled nursing facilities that specialize in post-acute care were a rare target of true investor excitement in the greater institutional senior care continuum. With a shiny new Medicare payment model that gave providers more financial credit for the high-acuity services they’d increasingly added over the years, and […]
Citing the steady release of grant money from the dedicated health care stimulus fund, the federal government on Sunday announced the immediate suspension of a program that provided advances of Medicare Part A and B reimbursements. The Center for Medicare & Medicaid Services (CMS) halted the Advance Payment Program and indicated its intention to “reevaluate” […]
The Centers for Medicare & Medicaid Services (CMS) on Friday released a public database of staffing and resident counts for nearly 15,000 nursing homes, with the goal of potentially helping states make more informed decisions about the distribution of personal protective equipment (PPE) amid the COVID-19 pandemic. Using fourth-quarter 2019 data from the Payroll-Based Journal […]
Skilled nursing operators may have woken up Friday morning with another unexpected cash injection from the federal government, but nursing homes that rely primarily on Medicaid are still waiting for their share of the pie. The Department of Health and Human Services (HHS) on Friday began sending out the last $20 billion chunk of a […]
Over the course of decades, lawmakers have built a jury-rigged structure to support the American post-acute and long-term care landscape. At the base, Medicaid supports long-term care residents who can no longer live on their own without around-the-clock care. Medicare dollars pay for higher-acuity care that seniors require after hospital stays — and prop up […]
Nursing homes in Connecticut will get a 10%, “across-the-board increase” in their Medicaid reimbursements — with operators that volunteer to turn their facilities into dedicated COVID-19 treatment facilities eligible for even greater financial benefits — as the state scrambles to respond to the growing crisis. The office of Gov. Ned Lamont made the announcement on […]
The Centers for Medicare & Medicaid Services (CMS) late Monday approved 11 new state Medicaid waivers, opening the door for a host of emergency solutions to the COVID-19 pandemic — from an elimination of prior authorization requirements to the potential provision of care at unlicensed facilities. After Florida and Washington state landed the first 1135 […]
As both the chief medical officer for Signature HealthCARE and president of AMDA, the Society for Post-Acute and Long-Term Care Medicine, Dr. Arif Nazir has a micro- and macro-level view on how skilled nursing facilities are fighting the coronavirus. And even in these early days of the crisis, Nazir believes that the sweeping emergency steps […]
Florida became the first state to land an emergency Medicaid waiver amid the ongoing spread of the novel coronavirus, granting nursing homes in the Sunshine State a variety of exceptions intended to help providers weather the crisis — and more states could soon follow suit. Under the Section 1135 waiver approved this week by the […]
Hospital executives in the state of Indiana redirected at least $1.17 billion in extra Medicaid dollars, drawn down from the state’s supplemental payment program to boost nursing home reimbursement, toward projects to expand their own health systems, an investigation by the IndyStar published on Thursday revealed. The multi-part series — which tackled the funding system […]
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 […]
After the Centers for Medicare & Medicaid Services (CMS) announced an immediate crackdown on nursing home compliance in the wake of the coronavirus, the agency laid out new expectations for updated inspections and surveys — with no exact timeline for resuming non-emergency surveys in sight. Although containing and preventing the coronavirus is the agency’s current […]
At most skilled nursing facilities, the patient and resident population is primarily covered by the state’s Medicaid program — and in many states, the reimbursement for such care doesn’t approach the cost of providing it. As a result, providers across the country have common cause in lamenting the state of payment from their largest payer. […]
The Department of Justice this week announced the creation of a specialized task force targeting “grossly substandard care” in nursing homes, with both criminal and civil penalties on the table for owners and operators. About 30 individual facilities across nine states are already under investigation, the DOJ revealed in announcing its new National Nursing Home […]
Nursing home closures are on the rise, regardless of geography and quality ratings, according to a recent report authored by industry trade group LeadingAge — raising the possibility of market-specific supply shortages in the near future. In fact, more than 550 facilities have closed between June 2015 and June 2019, with a steady increase in […]
Welltower Inc. (NYSE: WELL) chairman and CEO Tom DeRosa touted the real estate investment trust’s new senior housing play as a possible alternative to Medicaid-reimbursed nursing homes in a Monday talk at the Chief Executives for Corporate Purpose CEO Investor Forum in Manhattan. On February 18, the Toledo, Ohio-based REIT announced welltowerLIVING, an initiative focused on […]
The head of the Centers for Medicare & Medicaid Services (CMS) touted the agency’s changes around enforcement of quality and safety standards in a blog post published on Tuesday, as part of a series on its five-part strategy to improve care in nursing homes across the country. The strategy’s components include: strengthening oversight, enhancing enforcement, […]
A group of 27 U.S. representatives asked the Centers for Medicare & Medicaid Services (CMS) to rethink a proposal restricting Medicaid supplemental payments — claiming enforcement will lead to decreased services and fewer available nursing home beds. The controversial proposed rule, the Medicaid Fiscal Accountability Regulation (MFAR), would bring tighter regulations to state-based Medicaid supplemental […]
The head of the Centers for Medicare & Medicaid Services (CMS) on Wednesday issued a strong defense of a proposed rule that nursing home advocates claim would place up to $50 billion in Medicaid reimbursements in immediate jeopardy, framing the move as a necessary step toward reducing fraud and waste. The Medicaid Fiscal Accountability Regulation […]
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