ShiftKey, which connects senior care and other health care professionals with work opportunities, has a new $300 million cash infusion that will move the firm forward towards its next phase of growth. Dallas-based ShiftKey offers a platform where licensed health care staff including registered nurses, certified medical assistants and clinicians can search for and […]
Category: Technology
Operators in the nursing home space are dealing with a crippling workforce shortage and rising costs of care – all while seeing continued higher acuity among residents. Providers and vendors in the space agree they’re seeing a larger proportion of patients with higher acuity, but the definition of acuity varies along with methods to measure […]
The top quotes of 2022 memorably captured some of the biggest skilled nursing issues of the year, from “shocking” payment policies to “colossal” regulatory issues to “transformative” changes. The quotes below not only serve as reminders about what transpired over the last 12 months, but touch on many issues that are still pressing as 2023 […]
Lenders, operators, industry lobbying organizations and consumer advocates all agree that an expansion of skilled nursing financing programs through the Department of Housing and Urban Development (HUD) could be a game-changer in driving much-needed innovation. Building on suggestions from the National Academy of Sciences, Engineering, and Medicine (NASEM), the authors of a recent Health Affairs […]
Skilled nursing and post-acute companies — and other providers serving older adults — must raise their games to deliver services within a new health care paradigm, as payers and consumers alike demand a more integrated continuum. In particular, post-acute and senior care companies must “be the answer” as large insurance companies seek ways to more […]
When it comes to recruiting and retaining nursing home staff, Chelsey Gray has taken a cue or two from her time in the tech world. Prior to joining Revive Health Senior Care Management as an owner and chief transformation officer, Gray worked for a large government contracting firm and spent time as a data scientist. […]
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 […]
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