While nursing home operators and industry trade groups appreciate the Biden administration’s proposal to use Medicaid as a tool to boost staff wages in the industry, some wonder if the federal government’s approach is too broad for an increasingly diverse industry. Facilities vary widely based on region and community demographics, company culture and size. Still, […]
Nursing homes and continuing care retirement communities (CCRCs) will ultimately experience an increase in expenditures from $174.2 billion in 2019 to $273 billion in 2030 – a fluctuation along that timeline reflects a drop in federal financial support and eventual moderation compared to what the industry received during the height of the pandemic in 2020. […]
With contributions from Alex Zorn and Jordyn Reiland Despite the challenges of the past two years, Blueprint Healthcare Real Estate Advisors managed to expand and diversify. Now the firm has reorganized its leadership ranks, admitted new partners and is eager to grow the practice as the senior housing and care industries move forward. That growth […]
A Republican senator is calling on the Justice Department to open an investigation into the “egregious and flagrant conditions” at the Woodland Behavioral and Nursing Center, a nursing home that has made national headlines amid the COVID-19 pandemic. U.S. Sen. Chuck Grassley of Iowa penned a letter to Attorney General Merrick Garland on Wednesday, urging […]
The Medicare Payment Advisory Commission (MedPAC)’s value incentive program (VIP) seeks to standardize the many value-based purchasing programs that are available to different care settings, including skilled nursing. In its most recent report on Medicare payment policy, MedPAC devoted a chapter to the design of a VIP for post-acute care (PAC) in order to highlight […]
Tightening margins and dried up Provider Relief Funds have made renovations and new builds next to impossible for many skilled nursing operators. The Diakonos Group, however, recently opened its second new SNF in Oklahoma in the past year — this one costing $17 million — as the long-time operator in the state is tired of […]
The former head of the Centers for Medicare & Medicaid Services this week expressed disappointment in the Biden administration’s nursing home policy proposals, calling the measures “short-sighted” and “outdated policy prescriptions.” In an op-ed published Monday in Modern Healthcare, Seema Verma called on the White House to instead take a more results-oriented approach instead of […]
Brookdale Senior Living (NYSE: BKD) will pay $3.25 million to settle allegations that it submitted false nursing home staffing data to the federal government and improperly handled resident discharges, the California Attorney General’s Office announced late last week. The settlement agreement comes one year after then-California attorney general Xavier Becerra filed a lawsuit against Tenn.-based […]
Skilled nursing operators will have until April 22 to decide whether they want to apply to become a part of the Centers for Medicare & Medicaid Services’ new direct contracting model. The Realizing Equity, Access, and Community Health (REACH) Accountable Care Organization (ACO) Model was announced by CMS last week. And while SNF participation in […]
Norcross, Ga.-based nursing home operator PruittHealth has taken a $260 million revenue hit since the early days of the COVID-19 pandemic in March 2020 – but saw a 19% boom in demand for its home health services. That’s according to a new report released last week, which also highlighted an estimated $102.1 million in Medicaid […]
The U.S. Senate this week voted to overturn President Biden’s health care workforce vaccine mandate in a 49 to 44 vote along party lines. It was a vote that was considered largely symbolic through a measure called the Congressional Review Act, according to a New York Times report. Six Democratic senators missed the vote. The […]
As the nursing home industry tried to digest a sweeping set of industry reforms proposed by the Biden administration on Monday, a Capitol Hill lawmaker got in on the action by proposing a bill to force private equity firms to disclose their ownership in facilities. Amid all these developments, one thing has become evident: the […]
President Joe Biden pledged in his first State of the Union address Tuesday night that his administration would do its part to boost nursing home quality, specifically calling out private equity-owned facilities. “As Wall Street firms take over more nursing homes, quality in those homes has gone down and costs have gone up. That ends […]
The Biden administration’s announcement of expansive nursing home reform on Monday elicited varied responses from industry trade groups and advocacy organizations. Groups representing skilled nursing providers expressed particular concern that the reforms would impose stricter expectations without providing the needed resources to meet new mandates related to staffing minimums and other proposed requirements. The reforms, […]
The Biden administration rolled out a comprehensive set of intended nursing home reforms on Monday to “crack down on bad actors.” The White House zeroed in on setting minimum staffing requirements and took aim at private equity ownership of nursing homes, among several other priorities and provisions in its plan. Steps toward reform were developed […]
As operators in the skilled nursing industry continue to reckon with the challenges related to the ongoing shift to value-based care – particularly on the reimbursement side – one provider has taken it upon themselves to create a post-acute network that is a “win-win” for all involved. Rockport Healthcare Services created affiliated entity Post Acute […]
The Global and Professional Direct Contracting Model is transitioning to a redesigned provider-led Accountable Care Organization (ACO) Model, the Centers for Medicare & Medicaid Services announced Thursday. The ACO Realizing Equity, Access, and Community Health (REACH) Model aims to continue the momentum of provider-led organizations participating in risk-based models and protect beneficiaries and the model […]
Staffing is unequivocally, and unsurprisingly, the top challenge for the skilled nursing industry in 2022. That’s according to the Skilled Nursing News 2022 outlook survey, conducted online late last year as a way to identify the top sources of concern and opportunities leaders saw in the year ahead. Labor challenges are not only widespread, but […]
The Department of Health and Human Services (HHS) on Tuesday said it is making more than $2 billion in Provider Relief Fund (PRF) Phase 4 distribution payments to providers, including nursing homes. That brings the PRF Phase 4 total payments to $11 billion, on the heels of $9 billion released in December. This is in […]
While Medicare beneficiaries have an “overwhelming desire” to receive care at home, skilled nursing academics argue the Choose Home Care Act of 2021 could put those same beneficiaries who require a high level of care at risk. Marquette University’s College of Nursing this month published a debate-style article about the legislation as written, focused on […]
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