While clinical leaders in skilled nursing facilities welcome new hires to their staff, many are seeing an influx of nurses with less real-world experience. Nurses fresh out of school were unable to complete their clinicals on-site due to Covid, leaving students to learn as best they could in online skills labs and other solitary training, […]
The nurse practitioner (NP) role has evolved to be much more involved in the day-to-day operations of a nursing home, especially given the higher acuity that the care setting has adopted. Institutional special needs plans (I-SNPs), which are designed to care for residents that need a higher level of clinical care, has led to more […]
Nursing home operators across multiple states have raised wages for certified nursing assistants and licensed practical nurses, thanks to a combination of union actions, post-pandemic market dynamics and public policy shifts. But with operators still facing acute financial pressures, raising wages is not a simple matter. Larger structural changes are needed to support higher wages […]
MidCap Financial provided a $33 million mortgage for a lease-purchase option on five skilled nursing facilities in Oregon for Avalon Healthcare Group. The Salt Lake City-based Avalon operates post-acute facilities in Hawaii, Oregon, Washington, and Utah. MidCap’s Department of Housing and Urban Development (HUD) lending team will work with Avalon to begin the bridge-to-HUD refinance […]
When the federal government announced the new system for Medicare reimbursement, skilled nursing operators across the country knew it meant a sea change, especially in the area of rehab and therapy. For Avalon Health Care Group, the Patient-Driven Payment Model (PDPM) meant that it was time to draw on a national perspective on the coming […]
A privately operated skilled nursing facility for veterans in Utah ranked number one in the country* for rehospitalization rates — a feat its administrator ascribes to both smart staffing and a prime location. The Southern Utah Veterans Home tied for the number-one spot in a recent ranking of all 15,421 nursing homes in the United […]
The 211-bed Avalon Southwest Health & Rehabilitation in Tuscon, Ariz., was recently sold for $15 million, or $71,000 per bed. The SNF was owned by a group of investors in San Francisco, who leased it to Avalon Health Care. These investors sold the facility to a Chicago-based owner-operator with roughly half a dozen facilities in Missouri […]
Headwinds are ripping the skilled nursing industry from the ground up, and financing is no exception, according to a debt financing panel at the National Investment Center for Seniors Housing & Care Spring Investment Forum in Dallas. “We are being selective in our approach to skilled nursing and there’s no two ways about it,” Jeff […]
If skilled nursing operators are planning to provide custodial long-term care for years to come, they might want to think again. “Custodial care has no place in skilled nursing, in my opinion,” Rick Matros, CEO of Sabra Health Care REIT (Nasdaq: SBRA), said Wednesday at the National Investment Center for Seniors Housing & Care (NIC) […]
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