In Center Point and Jonesville, Louisiana, two properties comprising 244 licensed skilled nursing beds, operated by CommCare, have been successfully sold to Omega Healthcare REIT and their operator, Venza Care. According to Blueprint, who facilitated the sales, the facilities have stable performance levels, and experienced a significant financial boost following Louisiana’s Medicaid rate adjustment effective […]
Centers for Medicare & Medicaid Services
The Centers for Medicare & Medicaid Services (CMS) is placing limits on the use of artificial intelligence (AI) tools in denials of claims related to Medicare Advantage plans, and adding more guidance to health care providers on post-acute care admissions. The agency issued an FAQ Tuesday to address concerns related to coverage criteria and utilization […]
The year 2024 will pose a challenging landscape for skilled nursing professionals, with staffing problems still creating headaches. And yet, optimism is increasing and providers seem eager to drive expansion amid overall positive expectations for occupancy growth. The Skilled Nursing Outlook 2024 survey, which SNN conducted in partnership with Net Health, points to leaders perceiving […]
Generative AI may become a more prominent part of caregiving for skilled nursing operators who need to save time due to staffing shortages. WellSky, a software analytics company that services healthcare providers, unveiled a collaboration with Google Cloud late last week to develop advanced data analytics tools, machine learning capabilities, and artificial intelligence in healthcare […]
The landscape of healthcare financing, especially for skilled nursing facilities, has been undergoing significant shifts in recent times, but the growth outlook has improved and approval of government-backed loans is expected to rise in the coming months. The Department of Housing and Urban Development’s (HUD) lending in the skilled nursing space for less risky loans […]
As wildfires continue to plague the western U.S. and Canada, the repercussions of the resulting smoke infiltrating long-term care facilities have become a significant concern for nursing home residents across many parts of the country. Luke Montrose, an environmental toxicologist at Colorado State University, conducted a study in 2020, which found that one facility allowed […]
Joseph Schwartz, the owner of Skyline Management Group LLC, has admitted his involvement in a massive $38 million employment tax fraud scheme. The scheme targeted nursing homes owned by Schwartz across the country. Skyline, headquartered in Wood Ridge, N.J., once operated over more than 100 skilled nursing facilities across 11 states, providing care for over […]
The Centers for Disease Control and Prevention’s (CDC) COVID-19 reporting system has improved, but more still needs to be done to ensure safety protocols are promptly in place at nursing homes, a report from the Office of Inspector General (OIG) released Friday states. The report delved into the intricacies of CDC’s reporting process, specifically focusing […]
Capital Funding Group (CFG) announced the closure of a $9.5 million loan from the Department of Housing and Urban Development (HUD), facilitating the refinancing of an existing bridge loan previously executed by CFG. The funds were allocated to support a 173-bed skilled nursing facility located in Pennsylvania. The financing deal, finalized on December 20, 2023, […]
A new Office of Inspector General (OIG) report points to significant deficiencies that could jeopardize the health and safety of residents, staff, and visitors in Oklahoma nursing homes. The OIG audit on the state’s nursing homes focused on compliance with federal regulations for life safety, emergency preparedness, and infection control. It reveals deficiencies across all […]
The rising prevalence of substance abuse disorders has placed a growing demand on skilled nursing operators to provide comprehensive care within the continuum of healthcare services. Yet there are complex legal considerations that operators must grapple with when it comes to admitting individuals being treated for substance abuse disorders, and clinical teams must be trained […]
A recent legal development in New York marks a significant step towards the enforcement of minimum staffing requirements for nursing homes in the state. The move paves the way for the imposition of fines, reaching up to $2,000 per day, against nursing homes found to be understaffed. The lawsuit, brought forth by LeadingAge and that […]
Managing personal technology devices is a common concern among staff at businesses across the nation, and nursing homes are no exception. While policies for personal technology use at nursing home organizations run the gamut – from completely restricting cell phone use to limited use to even encouraging use among employees – nursing homes have had […]
A recent audit by the New York Comptroller’s Office revealed that the state’s nursing homes are still unprepared for another pandemic or infectious disease outbreak, more than two years after the COVID-19 pandemic. The audit, led by Comptroller Tom DiNapoli, found that while the state health department has made some improvements since the height of […]
The year 2023 was a busy one for skilled nursing operators – many of whom began to see signs of recovery from the pandemic amidst challenges that have continuously plagued the industry. In our reporting, a few outstanding and recurring themes we observed from the year past included staffing shortages, low reimbursement rates, and governmental […]
Evans Senior Investments (ESI) has arranged a lease transaction for a substantial skilled nursing and supportive living portfolio that spans across Illinois and Missouri. ESI successfully secured a tenant and finalized a ten-year lease agreement for this portfolio, which encompasses 13 communities and over 1,600 licensed beds in both states. The lease spans a decade […]
An operator based in a state mired by lower reimbursement rates found a way to turn the tables by utilizing Green House homes, which are part of a reimagined long-term care housing project that is focused on not only better living quarters, but innovative staffing approaches, lobbying the state legislature, and advising on greater community […]
A strong balance sheet and strategies for delivering more continuous, integrated care will be key for successful skilled nursing providers. Often, nursing home care is catered to “graduating” patients out of hospitals when in reality, residents constantly return to the hospital system. Those investors currently involved with incubating post-acute organizations say that they are attempting […]
York Capital Management’s private equity arm, York Private Equity, entered into a strategic growth partnership with Comprehensive Rehab Consultants (CRC), a physiatry, psychiatry, and care transition group. “We chose York as our partner given their long-term, collaborative approach and proven experience supporting businesses in the post-acute healthcare industry. This partnership will allow CRC to broaden […]
Nursing home ownership changes have largely been embraced by the industry and will have little impact on deal activity, with the new transparency rule from the Centers for Medicare & Medicaid Services (CMS) having very little impact on the sector. Instead, the new rule will force nursing homes to report ownership details during critical junctures […]
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