Various health care agencies and groups have expressed concerns over the effects of Obamacare repeal on Americans’ access to skilled nursing care, as well as the ongoing viability of SNFs as a business amid steep Medicaid cuts. At least one commentator also claims that the GOP health plans could lead to a return to the […]
Flying in the face of “contrarian” analysts who “signed its death certificate,” the skilled nursing industry continues to attract attention and dollars from investors, with per-bed prices tripling since 2003, a new report states. The median SNF sold for $94,600 per bed in 2016, a gain of 42% from 2015, according to a report released Wednesday by Irving […]
Faced with growing dissent from both the conservative and moderate wings of his own party, Senate Majority Leader Mitch McConnell delayed a vote on the Republican plan to repeal and replace Obamacare — one day after the Congressional Budget Office foresaw a dark future for Medicaid under the bill. McConnell announced Tuesday that the Senate would […]
Skilled Nursing News Take: On the same day that Kaiser Health News published this story, American Health Care Association President and CEO Mark Parkinson estimated that the Senate’s health reform bill would ultimately cost individual SNFs $600,000 annually. This KHN story suggests what that might look like—compromising care for people like Alice Jacobs while forcing providers like Dogwood […]
Under the Senate’s plan to repeal and replace Obamacare, most skilled nursing facilities will lose far more in Medicaid dollars than they make each year — and states could start the belt-tightening as soon as next year if the legislation passes in its current form. Pointing to two key changes in the way Medicaid funding […]
Welcome to an eventful Friday in the world of skilled nursing, as both industry players and average Americans still struggle to untangle the implications of the Senate’s version of the American Health Care Act — and the Senate GOP leadership attempts to wrangle enough votes to pass the legislation by the time Congress takes off […]
The U.S. Senate on Thursday released the long-awaited details of its Obamacare repeal plan, confirming rumors that it would see the House’s plan to cut Medicaid spending and raise it — potentially spelling trouble for skilled nursing operators. Medicaid remains the single largest payer for skilled nursing services in the United States, shelling out $55 billion to SNFs […]
As the Senate reportedly prepares to release its version of legislation that would repeal and replace the Affordable Care Act, a leading health care nonprofit warns that changes to the Medicaid program under the American Health Care Act could harm the skilled nursing industry. Medicaid represents the largest payer for skilled nursing services, providing $55 […]
Florida Gov. Rick Scott signed into law this week a health care bill that will bring a prospective payment system (PPS) to skilled nursing providers for Medicaid, but a statewide trade group says it has several issues with the legislation that it hopes to address before it takes full effect in 2018. Under the new law, […]
Several publicly traded real estate investment trusts (REITs) have backed off skilled nursing in recent months and years, but one major player recently made an eye-popping investment in the asset class. The largest health care REITs — Ventas (NYSE: VTR), Welltower (NYSE: HCN), and HCP (NYSE: HCP) — all have either spun off the majority […]
The Senate’s version of the American Health Care Act may include an even more austere future for Medicaid spending than the House’s vision of $800 billion in cuts over the next decade. Medicaid is the largest payer for long-term care nationally, and skilled nursing providers are watching the evolving legislation closely — though it remains unclear what […]
Genesis HealthCare (NYSE: GEN) on Friday announced the execution of a $53.6 million settlement with the United States Department of Justice over a variety of improper billing allegations. The Kennett Square, Pa.-based post-acute provider denied all of the government’s claims, which included four separate sets of allegations involving various Genesis subsidiaries. In its complaint, the DOJ […]
The American Health Care Act (AHCA)—the Republican plan to repeal and replace Obamacare—would alter the way Medicaid is funded, and could influence more states to shift care back to skilled nursing facilities (SNFs), according to a recent report. By switching Medicaid financing to per capita caps, which provides states with an aggregate amount of funding […]
It’s Friday afternoon, which means it’s time for a quick look back at the biggest skilled nursing headlines of the past week, and a peek into what could be on the horizon in the coming days. Skilled Nursing News brought you extensive coverage from the Post Acute Link Care Continuum Conference in our hometown of […]
Spending on skilled nursing services rose the fastest in Nevada over the previous two decades, followed by multiple states in the South, according to a new report from the Centers for Medicare & Medicaid Services (CMS). Payers in the Silver State — including Medicare, Medicaid, and private sources — shelled out $709 million for care […]
The state of Illinois has been without a formal budget for almost two years, sending ripple effects through various parts of the state’s economy and public services. But now a federal judge has ordered the Prairie State to begin addressing payments due to Medicaid providers, which currently total $2 billion. U.S. District Judge Joan Lefkow […]
While the nation stood transfixed by former FBI director James Comey’s testimony before the Senate, that same body moved closer to finding a Trumpcare bill that could satisfy the skeptics among its ranks. The under-the-radar movement was enough to prompt one Washington insider, speaking before a health care conference in Chicago on Sunday, to predict […]
The American Health Care Act would gradually constrict skilled nursing and other health providers’ ability to care for Medicaid patients over the coming decades, especially as the proportion of Medicaid recipients aged 85 and older increases, a new report from AARP alleges. The Washington, D.C.-based advocacy group’s concern stems from the AHCA’s mandate to shift […]
Skilled nursing facilities are a prime breeding ground for Legionnaires’ disease, and an outbreak could prove costly for the operator — both in terms of care outcomes and additional expenses — according to a recent presentation by the Centers for Disease Control and Prevention (CDC). The CDC analyzed 2015 data related to outbreaks of the potentially […]
The Administration for Community Living logged more than 9,000 complaints about involuntary discharges from long-term care facility residents across the country in 2015, and now lawmakers are taking notice. In particular, officials in Maryland and Illinois have begun investigating discharge rates in their states, according to a recent report from NPR. Maryland Attorney General Brian […]
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