New payment models frequently shoulder the blame for the uncertainty surrounding the skilled nursing marketplace, as operators struggle to shift from the private-pay and Medicare of the past to Medicare Advantage and other new reimbursement methods. But, according to one SNF consultant, the time for blaming new models is over — and the only thing […]
The total dollar value of nursing care properties that changed hands in the second quarter of 2017 fell slightly from previous quarters, according to preliminary data from the National Investment Center for Seniors Housing & Care (NIC). In total, $1.4 billion worth of senior care mergers and acquisitions occurred in the second quarter — with senior […]
Just as experts predicted, occupancy rates for nursing facilities declined between the first and second quarters of 2017. Nursing care facilities were 86.5% full in the second quarter, according to the most recent figures from the National Investment Center for Seniors Housing & Care (NIC). That’s down from the 87.2% first-quarter figure presented in the […]
As ongoing Obamacare repeal efforts cloud the future of Medicaid, a bipartisan pair of representatives introduced a bill they claim will help strengthen Medicare Advantage access for the most vulnerable seniors. H.R. 3168 would reauthorize Medicare Special Needs Plans, which are generally restricted to recipients who need institutional care, must manage chronic illnesses, or qualify for […]
The Senate’s proposed health care legislation, like the bill that passed the House, includes significant cuts to Medicaid, which is the top payer for skilled nursing services. This presents obvious challenges for SNFs, but also may provide some positive outcomes. In the first quarter of 2017, 65.2% of patient days were attributed to Medicaid, and the Medicaid patient […]
Chief executives and financial managers who work in California’s skilled nursing industry make more per year than the national average for those professions, while general and operations managers earn less. That’s according to a sample from a newly launched National Investment Center for Seniors Housing & Care (NIC) MAP report that tracks metropolitan, state, and national employment and wage […]
Occupancy at skilled nursing facilities rose 36 basis points from the fourth quarter of 2016 to the first quarter of 2017, but ended the quarter on a downward trend. SNFs had 82.6% occupancy in the first quarter of 2017, according to the latest Skilled Nursing Data Report from the National Investment Center for Seniors Housing […]
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