As nursing home operators continue to decry staffing shortages as a contributor to access issues for residents, new construction of facilities to meet demand appear to be lagging as well. New construction has become especially difficult for operators trying to add Medicaid beds for low income residents, given notoriously low reimbursement rates – which are […]
The high renovation costs associated with adopting new rules for room occupancy limits are forcing some operators to close their doors, as was recently the case with Northeast Health Group in Massachusetts. Many of these vulnerable facilities, built in the 1960s and 1970s and designed for three to four residents per room, are already in […]
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 […]
With the cost of construction steadily rising, more skilled nursing developers are finding they need to put extra thought into where—and how—they spend their money. And although it may sound like common sense to some, owners and developers should first understand the market in which they do business before they open their wallet. “From a competitive standpoint, if I was […]
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