TSOLife completed a $9 million Series A funding round for its AI-based business intelligence platform that translates and transcribes resident interviews and converts the information into consumable data. Data dashboards can be utilized by skilled nursing staff to look for actionable trends and insights. “TSO is the tip of the spear in gathering social insights […]
While the spotlight on skilled nursing continues to shine bright, an election year has advocacy groups certain that legislative efforts will be pared down to just a couple key pieces Congress aims to tackle this fall. Policy dedicated to boosting a floundering workforce, expanding telehealth beyond public health emergency (PHE) waivers, and streamlining authorization processes […]
Insurance giant Genworth (GNW) has teamed with Timothy Peck — the entrepreneur behind Call9 and Curve Health — on a startup meant to redefine the way older adults connect with skilled nursing and other long-term services and supports. Currently, when older adults and their loved ones are in need, they must start to navigate a […]
Actively looking to grow as an operator, EF Senior Care is using its consulting roots to more quickly diagnose problems prior to acquiring facilities, while developing its own software platform to better address turnover among administrators. In its unique business model, EF looks at potential properties through the lens of a consulting firm in order […]
As the financing, staffing and occupancy landscape continues to consistently change for the nursing home industry, delving into the data can better inform where operators should focus their resources moving ahead. CliftonLarsonAllen (CLA) in a Wednesday webinar outlined different ways to “socialize” data points to identify opportunities for nursing home providers, decide which opportunities are […]
North Carolina-based operator Principle LTC is bringing a new opportunity for Alzheimer’s research to its facilities, thanks to an expanded partnership with research organization Care Access. Principle LTC residents that meet criteria at North Carolina facilities, along with community members, will be able to participate in clinical trials, according to a news release announcing the […]
Now may be the perfect time for senior living and care executives to take a page from brands and companies such as Olay and Cirque du Soleil, hit the reset button, and reinvent themselves. At least that’s what John Cochrane, president and CEO of HumanGood, thinks. HumanGood is the seventh-largest nonprofit senior living provider in […]
Skilled nursing operators are facing madness — the bombardment of new tech, staff burnout, as well as intense and even ageist regulations and payment rates — yet there is a way to drive clinical innovation and create magic for residents. That’s according to Arif Nazir, chief medical officer at Signature HealthCARE and CEO of Signature’s […]
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 […]
CVS Health (NYSE: CVS) appears poised to become a bigger player in the post-acute care space moving forward, in a pilot program that highlights ongoing shifts away from facility-based care and into the home. The company announced last week that it is preparing to launch a post-acute transitions pilot for Aetna members in select geographies […]
Element5, a company focused on automating administrative duties in the nursing home, has raised $30 million in its latest Series B funding round — with plans to expand its technology use to more health organizations at a faster rate. The company also looks to expand into newer service lines within post-acute care and scale adoption […]
With data suggesting that more than 400 nursing homes could close in 2022 and pandemic-related federal funding coming to an end, SNFs are increasingly having to find ways to solidify their role in the post-acute care continuum moving forward. For nursing home leaders, this means identifying what types of investments will move the needle forward […]
As skilled nursing facilities continue to face financial constraints brought on by the pandemic, Omega Healthcare Investors (NYSE: OHI) wants to help support its operators’ technological improvements by investing in the space. Through a partnership with MyndVr, a leading virtual reality provider, the real estate investment trust (REIT) will bring virtual reality experiences to its […]
Curve Health raised $12 million in its latest Series A funding round, as the leaders behind the senior care technology platform have plans for significant growth in the next year. Curve Health’s platform includes telemedicine, health information exchange, data and predictive analytics and billing integrations, with the goal of avoiding unnecessary hospital trips and improving […]
Despite freezing admissions for a short time at the onset of the pandemic, Guardian Healthcare’s hospital referrals have bounced back since that time – which may be something of an anomaly in the skilled nursing space. The Brockway, Pa.-based provider with roughly 50 SNFs spread throughout Pennsylvania, West Virginia and Ohio has seen a significant […]
As the I-SNP model continues to expand across the skilled nursing industry, some see it as one way to effectively push telehealth services into smaller, rural facilities that don’t have the infrastructure to support the services by themselves. “We’re seeing a lot of traction in the I-SNP model,” TapestryHealth Co-Founder and Chief Growth Officer Mordy […]
Facility systems and technology have not been able to keep up with additional strains of pandemic workloads, according to direct care participants in a recent survey. About 81% of health care workers, including nursing home staff, have had issues with systems and technology while caring for patients – 73% say these same systems have not […]
Telemedicine provider and primary care practice TapestryHealth named Mark Hirschhorn CEO this week as the telehealth veteran plans to focus on seeing expanded use of the technology in the skilled nursing space. Hirschhorn wants to expand the use of Tapestry services, now operating in over three dozen states and hundreds of facilities, as it has […]
Health system interest, along with the ongoing pandemic, has continued to drive referrals away from skilled nursing facilities and toward home health programs in 2021. WellSky, a data analytics company focused on providers across the care continuum, has seen a 15% increase in discharges to home health programs that would normally be reserved for a […]
Dialyze Direct, already the nation’s leading provider of hemodialysis services in skilled nursing facilities, shows no signs of slowing as it’s poised to enter states in 2022. The national provider now in 13 states and 130 SNFs across the country, announced this week that it acquired Renew Dialysis, a regional provider of on-site dialysis with […]
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