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 […]
As nursing homes’ operating margins dwindle due to insufficient Medicaid reimbursements, one state task force is encouraging lower performing facilities to simply shut down — and make more room for the remaining properties to grab a piece of a shrinking pie. The Nursing Facility Task Force of Massachusetts released a report declaring that the state […]
Since the landmark passage of a sweeping oversight bill in the late 1980s, hundreds of nursing homes have closed — while those that remained have increasingly taken on more difficult medical cases, according to new research from Brown University. The analysis, which focused on the effects of the Omnibus Budget Reconciliation Act of 1987 (OBRA […]
After multiple quarters of struggles with operator Daybreak Venture, Omega Healthcare Investors (NYSE: OHI) on Thursday announced a plan to largely purge the provider’s buildings from its portfolio. “During the course of the next several quarters, Omega anticipates transitioning, either through re-leases or sales, the vast majority of Daybreak’s existing Omega facilities,” chief operating officer […]
The Ensign Group (Nasdaq: ENSG) on Thursday announced that its skilled nursing facilities have seen rate increases of up to 6% under the new Medicare payment model, in part helping to drive the post-acute leader to another set of record earnings. The company’s established same-store facilities achieved those 6% gains, while Ensign’s transitioning facilities — […]
The first month of 2020 has brought news of potentially sweeping Medicaid changes on multiple fronts, with the current presidential administration doubling down on its goal of undoing the Affordable Care Act and reducing federal spending on the program. But while nursing home operators and advocates are right to be skeptical of a Centers for […]
Creating or joining an independent practice association (IPA) empowers providers to negotiate managed care plan services and rates, a potential game-changer for nursing home owners amidst Medicare Advantage headaches — pains that include shorter lengths of stay, or the elimination of skilled nursing stays altogether in favor of home care. Providers might opt into an […]
The skilled nursing industry’s opposition to a plan that could slash supplemental Medicaid programs for nursing homes began to ramp up over the last week, and as the fight moves into its next phase, SNF operators are finding allies in the senior living world. The comment period on the Medicaid Fiscal Accountability Rule (MFAR) came […]
A federal push to reform programs that nursing home operators use to boost Medicaid reimbursement rates could potentially lead to a $50 billion cut in total annual funding — but a separate Medicaid crackdown appears to have spared the long-term care industry, at least for the time being. The leaders of two major trade groups […]
Industry advocates in Massachusetts are close to winning a ballot initiative that would boost Medicaid funding for the state’s beleaguered nursing home industry by $272 million, but at least one influential lawmaker was skeptical of the plan’s cost. The state senate’s Elder Affairs Committee on Tuesday held an open discussion of the plan to increase […]
Health care providers — including skilled nursing operators — in New York could see a new 3% surcharge on all new facilities under the governor’s proposed budget for fiscal 2021. The New York Post first reported the news earlier this week. The 2020-2021 executive budget proposes setting a certificate of need (CON) fee of 3% […]
When it comes to the buying, selling, and financial backing of skilled nursing facilities, the new chief development officer of Senior Living Investment Brokerage has seen all angles. Steve Gilleland, who joined the Glen Ellyn, Ill.-based SLIB at the beginning of the month, worked on the lending side of skilled nursing and senior housing in […]