When Melissa Powell first joined Genesis HealthCare back in November, she likened it to the “Wild West.” The skilled nursing operator had more than 5,000 open positions, ranging from frontline staff to leadership level jobs. Genesis was also in the early stages of its shift toward a market-focused model as part of its ongoing restructuring […]
Welltower Inc. (NYSE: WELL) continues to shrink its long-term care portfolio, selling seven Genesis HealthCare properties in the first quarter of this year. Overall, the senior care segment represented just 4.8% of Welltower’s total NOI in place at the end of 2021 — versus 10.1% at the end of 2020. The 530 basis point decline […]
While the calls for nursing home ownership reform tied to private equity (PE) have grown louder from the current administration and other federal figureheads, industry leaders say such endeavors are old hat — investors are already leaving the SNF sector in favor of home health and private-pay senior housing. That’s according to an article published […]
Capital providers dealing in the skilled nursing space are pushing back on the White House’s position on institutional capital, stressing the need for it in the sector. While institutional capital is critical to many of the key players in the space, some capital providers say newer owner-operators will have a hard time getting the necessary […]
Almost one year ago exactly, Brian Beckwith ended his tenure as CEO of Formation Capital and began to consider his next moves. Sheryl Marcet was also considering her future. At the time, Marcet was a managing director at Formation, and she had first worked with Beckwith when they were both at GE Capital. Beckwith and […]
Of all aspects of the current workforce crisis in skilled nursing, the role of staffing agencies arguably evokes the most reaction. It’s an issue that has sparked interest not only from long-term care and senior living groups like the American Health Care Association/National Center for Assisted Living (AHCA/NCAL) and LeadingAge, but members of Congress as […]
This year was another rollercoaster for the skilled nursing industry as operators – and truthfully the nation alike – went from the tail end of another covid surge, to the widespread availability of vaccines, then considerable optimism and a possible light at the end of the tunnel, back to another COVID-19 surge and as I’m […]
Several recurring topics crept up while chronicling Skilled Nursing News’ most-read stories of the year – occupancy, staffing, acquisitions and the industry’s place in value-based care – among others. Of course, the COVID-19 vaccine rollout and subsequent mandate were top-of-mind the entire year as well. The Biden administration sought to boost lagging staff vaccine rates […]
Genesis HealthCare’s most recent move to shift toward a market-focused model has some in the industry wondering if the post-acute care company is attempting to follow in the footsteps of another major player in the skilled nursing space. Late last week Kennett Square, Pa.-based Genesis announced the departures of their Chief Operating Officer Paul Bach, […]
Genesis HealthCare Inc. is making additional leadership changes as it simultaneously announces the move toward a “market-focused model” as part of the post-acute care company’s restructure during the COVID-19 pandemic. Chief Operating Officer Paul Bach, Chief Nursing Officer JoAnne Reifsnyder and Chief Financial Officer Tom DiVittorio have announced their plans to leave the company. Bach […]
Recent collaboration between Signature HealthCARE and Genesis HealthCare during the COVID-19 pandemic revealed that industry leaders should look to establish formal networks and build on pre-existing programs to facilitate and encourage collaboration across organizations. The need for interprofessional collaborations across organizations is not new but has only intensified since the pandemic and the collaboration between […]
Genesis HealthCare Inc. is yet again on the hunt for a new leader less than eight months after current CEO Harry Wilson was named to head the organization as the post-acute care company continues its restructure during the COVID-19 pandemic. Wilson and his consulting firm, the MAEVA Group, were brought on in March to develop […]
The relationship between hospital systems and skilled nursing facilities was shaken by a reactionary attitude at the beginning of the pandemic, where a lot of “missteps” were taken out of a need to protect one’s own patients, Signature HealthCARE chief medical officer Dr. Arif Nazir said. Now that relationship is a whole lot more collaborative, […]
The Centers for Medicare & Medicaid Services (CMS) is in the “rulemaking” stage of its development of a federal vaccine mandate for all health care workers employed by Medicare or Medicaid funded facilities, according to a CMS official. Dr. Lee Fleisher, CMS’ chief medical officer and director of the Center for Clinical Standards and Quality […]
Kennett Square, Pa.-based Genesis HealthCare on Monday announced it has vaccinated all of its staff, barring those with medical or religious exemptions. While Genesis said it met the first deadline under its COVID-19 inoculation policy announced earlier this month, it did not reveal how many employees were terminated as part of its mandate. “While we […]
Following the Biden administration’s announcement that all nursing home staff must be vaccinated against COVID-19 or risk losing Medicare and Medicaid funding, operators and senior living organization leaders fear singling out one group of health care workers will only exacerbate a continued staffing crisis. Some state mandates, on the other hand, call on all health […]
Genesis HealthCare this week agreed to a settlement surrounding denied admissions for prospective residents prescribed medication to treat opioid use disorder (OUD). Nine Genesis skilled nursing facilities (SNFs) across Rhode Island and Massachusetts were accused of violating the Americans with Disabilities Act (ADA), Rehabilitation Act and Patient Protection and Affordable Care Act when they allegedly […]
Although accountable care organizations (ACOs) have never been particularly popular among skilled nursing facilities, timing may be ripe to take on more risk to stay competitive in the market. ACO participation may help operators maintain referrals when so many potential residents are being diverted to home health care, hospice and other tracks along the continuum […]
Massachusetts Gov. Charlie Baker ordered on Wednesday that all long-term care staff in the state must be vaccinated by Oct. 10. Massachusetts appears to be the first state to issue a COVID-19 vaccine mandate for nursing facility workers, according to the state’s long-term care association. The order received immediate praise from the state’s health care […]
Genesis HealthCare has implemented a “universal” COVID-19 vaccination requirement for its employees, care partners and onsite vendors, the post-acute care provider announced Tuesday. The policy requires that individuals have a single dose of the Janssen vaccine or the first dose of a two-dose mRNA vaccine by Aug. 23. The second dose, if applicable, would be […]
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