Skilled nursing was one of three health care sectors to experience an increase in Medicare spending, while spending overall for 32 million Medicare beneficiaries declined in 2020. An analysis conducted by the Kaiser Family Foundation confirmed SNF spending experienced a 4.4% bump, or $1.1 billion increase between 2019 and 2020, despite a decrease in utilization; […]
Category: Medicare
As many in the nursing home sector pursue opportunities to add additional service lines to diversify their offerings, and potentially build new revenue streams, Ignite Medical Resorts has stuck to doing one thing well — and so far it’s paid off. The short-term rehabilitation and nursing care provider has turned the traditional post-acute experience on […]
The push to improve the nation’s nursing homes needs to go beyond calling for increased oversight and higher quality resident care as the sector largely remains in the spotlight. Federal officials should also provide skilled nursing operators ways build up the workforce and take steps to reduce staff turnover, in addition to offering residents and […]
Despite the arduous operating challenges facing skilled nursing providers in 2022 — workforce shortages, inflation, occupancy and looming federal regulations just to name a few — the future of the sector may not be as dark and stormy as one might anticipate. The obstacles nursing home operators have already and will continue to face over […]
Nursing home executives are increasingly exploring what it would take to start a SNF-at-home program, at a time when it has become apparent after the height of a global pandemic that patients would rather be cared for in the home when at all possible. For many skilled nursing providers it becomes part of a bigger […]
As patients continue to seek out ways to be cared for in the home over more institutional settings like nursing homes, an impending nationwide rollout of the Home Health Value-Based Purchasing (HHVBP) Model may dwindle managed care relationships and drive care further away from SNFs. Results from a nine-state, five-year demo of HHVBP showed a […]
While the Centers for Medicare & Medicaid Services (CMS) has been winding down certain waivers tied to the public health emergency (PHE), the agency has been noticeably silent about what could be the most impactful of the pandemic-related waivers – suspension of the three-day stay requirement. Industry leaders aren’t holding out much hope that the […]
ProMedica Senior Care, which houses the nonprofit health system’s skilled nursing operations, has lost $124.3 million during the first quarter of 2022 as both the operator and the industry continue to face lagging occupancy recovery coupled with high labor costs. The financial figure compares to $72.5 million in operating losses for Q1 of 2021. On […]
As the Centers for Medicare & Medicaid Services moves ahead with efforts to increase transparency over nursing home ownership — and with private equity in particular taking heat — the former head of the government agency called some of the initiatives “a colossal waste of time.” Instead, former CMS Administrator Seema Verma believes a more […]
Skilled nursing has seen its highest occupancy level since April 2020, increasing 94 basis points to end February at 76.7%. That’s according to NIC MAP Data Service, powered by NIC MAP Vision. Authors of the monthly report suggest the demand for skilled nursing properties is recovering despite challenges encountered by staffing shortages and the delta […]
The skilled nursing sector needs an overhaul in how facilities are paid – and how operators are allowed to allocate government dollars – in order to really live up to the term “nursing home.” That’s according to Harvard University professor David Grabowski, who — in referring to observations made by the late Robert Kane — […]
More than one-third of nursing homes in the U.S. could be at financial risk if the Centers for Medicare & Medicaid Services stands by its proposed funding cut and federal Medicaid dollars tied to the public health emergency end in 2022. That’s according to a report released on Thursday by the American Health Care Association/National […]
The Centers for Medicare & Medicaid Services (CMS) on Wednesday released groundbreaking new data on nursing home ownership that administrator Chiquita Brooks-LaSure hopes will bring more transparency to health care and inform policy decisions moving forward. “One of the things that we are particularly focused on is the turnover, not just at the staffing level, […]
Nursing home residents, staff and company leadership in the physical therapy space are already seeing a bottleneck in access to care, driven by cuts to the Centers for Medicare & Medicaid Services (CMS) Physician Fee Schedule (PFS) that went into effect three months ago. One significant cut among Medicare Part B physical and occupational therapy […]
Operators are feeling pressure from all sides as the proposed payment rule for the nursing home industry dropped on Monday, which unveiled a 4.6% cut to the Patient-Driven Payment Model (PDPM) and 3.9% increase to Medicare payments for the sector. The news comes at a time when SNFs are facing a historic workforce shortage, rising […]
The federal government on Monday proposed its payment rate update to nursing home reimbursements for fiscal 2023, which includes a 4.6% cut related to the Patient-Driven Payment Model. That cut from the Centers for Medicare & Medicaid Services (CMS) amounts to a total loss of $320 million, according to the agency. CMS – in its […]
As the Centers for Medicare & Medicaid Services unveils its proposed payment rules for the coming fiscal year, some in the industry feel that what has already been issued for inpatient rehabilitation facilities (IRFs), inpatient psychiatric facilities (IPFs) and hospice providers does not “bode well” for the skilled nursing industry. A Mizuho Securities analyst note […]
Nursing homes in Kansas run the risk of losing their federal funding, following Gov. Laura Kelly’s call to deter enforcement of the COVID-19 vaccine mandate. The Centers for Medicare and Medicaid Services (CMS) shared its plans in a letter dated March 18 to reduce survey and certification funding by $348,723 for this year if the […]
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 […]
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