In an era of record-low skilled nursing occupancy and rapidly shifting payment models, some operators have found a single solution to both problems: an in-house insurance plan. Skilled nursing providers can create their own institutional special needs plans (I-SNPs), a type of Medicare Advantage program specifically designed to cover beneficiaries who are confined to an institution […]
About 33% of seniors enrolled in the Medicare program have elected to use managed Medicare Advantage plans, and that number is expected to grow — potentially faster than the government thinks. The Congressional Budget Office has predicted growth in MA plans by about 4% per year, but Dan Mendelson, president of Avalere Health, says his […]
Despite all the doom and gloom in the skilled nursing industry in recent years, at least one major financial player thinks the time is ripe for operators and investors to expand. “We, as an industry, need to be at parity in the health care delivery system,” Formation Capital Founder and Chairman Arnold Whitman said during […]
The skilled nursing world is in upheaval, but too many providers are complacently running the skilled nursing facility of yesterday rather than creating a successful model for the future. That’s according to Anne Tumlinson, founder of consultancy Anne Tumlinson Innovations and a nationally recognized authority on post-acute and senior care. She previously led Medicaid oversight […]
Depending on whose earnings call you happened to catch this season, the predicted surge in demand for skilled nursing services is just around the corner — or it isn’t coming at all. At Omega Healthcare Investors (NYSE: OHI), management enlisted the services of two consulting firms to crunch the numbers on demographic trends over the […]
After a year that saw reports of eye-popping prices for skilled nursing beds, the trend appears to be headed in the opposite direction. The per-bed price for skilled nursing facilities dropped 1% between the third and fourth quarters of 2017, falling to $83,800 according to the most recent data from the National Investment Center for […]
Just when it seemed like the skilled nursing industry had enough potential issues on its plate for 2018 — potential cuts to Medicaid and Medicare, ongoing reimbursement pressures, and staffing woes — the historically healthy stock market took a major tumble. Sabra Health Care REIT (NASDAQ: SBRA), Ventas Inc. (NYSE: VTR), and other health care […]
Headwinds in the skilled nursing industry have forced many non-profits to operate at a significant financial loss, to the point that SNF assets are becoming a drag on their overall health. That’s according to Lisa McCracken and Dan Revie, writing in Ziegler Investment Banking’s Senior Living Z-News, which covered the dispositions and closures of not-for-profit […]
You’ve made it to the end of the week before a long holiday weekend, but before you go, take a look at some of the top stories from the nursing home world that didn’t make it to Skilled Nursing News. But first, a quick reminder that SNN’s headquarters in Chicago will be closed on Monday, […]
Skilled nursing mergers and acquisitions (M&A) activity contributed to an overall strong third quarter, as as nursing care accounted for $3.5 billion of the total $5.0 billion in transactions volume for the quarter, according to a report by the National Investment Center for Seniors Housing and Care (NIC). Seniors housing accounted for the remainder ($1.5 […]
The third quarter of 2017 saw greater transaction volume in skilled nursing than in senior housing, as well as a 227% increase in skilled nursing transactions from the prior quarter, according to a blog post by Bill Kauffman, senior principal at the National Investment Center for Seniors Housing & Care (NIC). In the third quarter of […]
Welcome to Skilled Nursing News’s weekly roundup of the top headlines you need to see to kick-start your morning — from a SNF with a curiously low asking price to more negative trends in occupancy to the long-term effects of a lawsuit over snacks in Pennsylvania. SNN readers flocked to the story of a former […]
Care plans that promote an active senior lifestyle, used in conjunction with current pharmaceuticals, can empower skilled nursing providers to make a tremendous impact in managing — and possibly delaying — Alzheimer’s disease. This is according to Maria Carrillo, chief science officer at the Chicago-based national non-profit Alzheimer’s Association. Carrillo spoke about the pervasiveness of Alzheimer’s […]
Nursing care occupancy experienced a dip last quarter, according to data released Tuesday by the National Investment Center for Seniors Housing & Care (NIC). Specifically, average nursing care occupancy fell from 86.6% in the second quarter of 2017 to 86.2% in the third quarter of 2017, the data show. The 86.2% figure is the lowest NIC has […]
It’s been a busy few weeks in the world of skilled nursing, from a flurry of mergers-and-acquisitions news to a major industry executive’s bold prediction about the future of custodial care. In case you missed them the first time around, here’s a quick recap of the biggest stories you need to read to catch up. […]
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) […]
Investing in the professional development of immigrants who work as long-term caregivers, as well as helping them integrate into the American culture and its norms, is crucial to combatting the long-term care industry’s labor shortage. This is according two former national governmental figures who spoke Wednesday in a debate titled, “The Impact of the Trump […]
The industry continues to sort out what went wrong in Florida, but there were other headlines from the week in skilled nursing, including some grim numbers from the National Investment Center for Seniors Housing & Care (NIC) and an interesting ownership shuffle for some former Kindred facilities. First, the bad news: Nursing home occupancy dipped […]
It’s been a difficult week in the world of skilled nursing, with investigators still attempting to determine what went wrong at the Rehabilitation Center at Hollywood Hills in Hollywood, Fla., where a lack of power in the wake of Hurricane Irma led to the deaths of eight residents. As of Friday morning, about 50 of […]
Skilled nursing occupancy rates have dropped to their lowest levels in the last five years, and the bottom still may not be in sight. SNFs were 81.7% occupied in the second quarter of 2017, according to the most recent data from the National Investment Center for Seniors Housing & Care (NIC). That’s a drop from 82.7% in […]
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