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 […]
Centers for Medicare & Medicaid Services
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 […]
As nursing homes grapple with a tough economic and labor environment – which has forced closures and created access issues – patient and nursing home advocates underscored the emotional toll of care, calling upon the federal and state governments to do more to address new and emerging generational challenges to care. Anne Tumlinson, founder of […]
Healthcare Real Estate Investment Trusts (REITs) specializing in post-acute care facilities experienced “disappointingly flat” occupancy rates in November, according to investment analysts. BMO Capital Market’s Juan Sanabria highlighted the challenges faced by skilled nursing facilities (SNFs) in maintaining growth, with market share loss to home health. The Centers for Medicare & Medicaid Services (CMS) data […]
As operators mull problems on staying up to date with new or upcoming rules, legal and compliance executives believe that the federal government’s staffing proposal and focus on healthcare fraud prosecution are among the top challenges facing the sector. Speaking at Skilled Nursing News’ Risk Summit, leaders from Cascadia Healthcare and American Senior Communities, discussed […]
The skilled nursing sector made significant strides in recovery nationally, with positive trends in occupancy rates and demand for care. However, challenges such as labor shortages and constrained liquidity continued to shape the industry landscape. This is according to Marcus & Milichap, a commercial real estate brokerage firm, which issued its latest national report. The […]
The aftermath of the Covid virus, with enduring effects on older adults, resulted in prolonged dependence on nursing home staff. Older patients in nursing homes who survived Covid declined rapidly and for a much longer period for activities of daily living (ADL) and brain function, putting extra pressure on nursing home staff and resources, according […]
Covid era changes to census and staffing – as well as closures of nursing homes – should be more closely considered in assessing the right level of staffing being proposed by federal agencies, while a focus on funding can improve the chances of fulfilling the increased requirements. That’s the analysis of a report released by […]
Beyond minimum staffing requirements, operators may need to prepare for updated assessment requirements, which leaders say will be a “core” aspect of the mandate, along with the 24-hour registered nurse (RN) requirement. And these assessment requirements have increased, resulting in criticism from industry experts on both their value and the added burdens that these might […]
The Biden-Harris Administration announced Wednesday a final rule requiring skilled nursing facilities (SNFs) to disclose additional ownership and management information. The final rule, displayed on the Federal Register by the Centers for Medicare & Medicaid Services (CMS), implements portions of the Affordable Care Act. Nursing homes must submit ownership disclosures within a year of the […]
CareTrust REIT (NYSE: CTRE) executives disclosed their intention to sell 11 skilled nursing facilities in the Midwest that were classified as held for sale in the second quarter. The announcement was made during the company’s third quarter conference call on Friday, and in the broader context of CareTrust’s proactive portfolio management strategy. Executives indicated that […]
As CEO of Atlanta-based nonprofit A.G. Rhodes and LeadingAge board member, Deke Cateau knows that well-intentioned policies sometimes simply don’t work in the real world – and can even wreak havoc for nursing homes. “If we have individuals … making critical changes to an industry that they do not understand, it’s dangerous. It would be […]
Occupancy for skilled nursing facilities (SNFs) increased nationally by 40 basis points month-over-month through October 22, 2023, following a prior increase of 15 basis points, according to BMO Capital Markets’ analysis on SNF REIT occupancy data for October. Real estate investment trusts (REITs) have been outperforming this overall increase, with a 45 basis point rise […]
Seema Verma, the former administrator of the Centers for Medicare & Medicaid Services (CMS), isn’t happy with the talk on Capitol Hill around nursing homes, saying that it shows a lack of knowledge on the lawmakers’ part, making it incumbent upon sector leaders to engage with lawmakers directly, even inviting them into facilities. Currently senior […]
The Centers for Medicare & Medicaid Services (CMS) should not implement the proposed nursing home staffing mandate for numerous reasons, including that “numerical staffing staffing thresholds are not consistent with the modern clinical practice.” That’s according to the American Hospital Association (AHA), which commented on the proposed mandate on behalf of its nearly 5,000 member […]
Paying nursing homes an upfront fee for new Medicaid patients could help save the government insurance program money. That’s according to recently published research paper in the National Bureau of Economic Research, which found that patients whose nursing home costs are covered by Medicaid have no financial incentive to leave because they do not incur […]
Amid the House of Representatives electing a speaker after a period of chaos, federal lawmakers on Wednesday also engaged in discussion of the proposed federal nursing home minimum staffing mandate. In a subcommittee hearing of the House Energy & Commerce Committee, critics contended that the minimum staffing rule would place an excessive burden on facilities, […]
With the federal staffing mandate pending, many nursing home operators are looking for ways to retain their current staff. Research has shown that the role of regional clinical leadership – and the turnover rates of NH administrators (NHA) and directors of nursing (DON) – have an impact on overall quality. Stuart Almer, the CEO of […]
Only 6% of real estate investment trust (REIT) assets are in compliance with the federal minimum staffing proposal for nursing homes, compared to the industry average of 19%. This difference is due at least in part to less nonprofit representation in REITs, BMO Capital Markets analysts said in a note on Thursday. The BMO analysts […]
The proposed federal staffing mandate for nursing homes is drawing more opposition on Capitol Hill. U.S. Senators Kevin Cramer (R-ND) and Angus King (I-Maine), both members of the Senate Veterans Affairs Committee (SVAC) sent an opposition letter on Oct. 19 to the Centers for Medicare and Medicaid Services (CMS), expressing concerns that the mandate may […]
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