Nonprofit operator Lutheran Life Communities is filing for Chapter 11 bankruptcy as it seeks to reorganize its operations and financial holdings. The organization is a major nursing home provider in the Chicago metropolitan area, with the Lutheran Home in Arlington Heights offering more than 380 beds, according to the 2024 LZ 200 rankings of nonprofit […]
Lutheran Life Communities
After years in which Medicare policy and Covid-19 drove more hospital referrals to home health, skilled nursing facilities recently have seen referrals surge, thanks to a variety of factors. Referral trends through January 2023 showed a jump in patients sent to the nursing home while at the same time rejection rates for home health agency […]
Given increasing complexities in payment systems and intensifying financial pressures, more nursing home providers are hiring leaders with a specialized and sophisticated focus on reimbursement. Even smaller operators are seeing the value of these positions, which demand a mix of financial and clinical acumen, and a C-suite mindset. Valerie Taylor, for one, became a corporate […]
As acuity rises in the long-term and post-acute care settings, nursing homes and hospitals are in greater competition for nurses. Nurses may have in the past preferred to work in the traditional hospital setting for the chance to apply their clinical skills in more sophisticated ways, and for higher salaries. But an increase of residents […]
The skilled nursing sector is in the midst of upheaval, and providers must create and execute on strategies that involve difficult choices and significant financial investments if they hope to thrive in the future. “We are in a period of disruption,” Dana Wollschlager, partner and industry practice leader of senior living development and advisory services […]