Customer service, staff wellbeing, and tackling low reimbursement rates are some of the top priorities for nursing home operators as they prepare for the future. And educating and supporting care teams is especially important in order to strategize with the quality measures that will be implemented in the coming years, as these will have an […]
Many nursing home operators in the past year have been in rebuilding mode, bolstering staff and reworking systems to fit better in a post-pandemic world. Principle LTC has been doing much the same in developing programs offered to help employees in crisis or those who want to further their education. But, it’s going to take […]
If there’s no additional funding for the minimum staffing rule, well over 5% of existing facilities will close, depending on how successfully operators can pivot to meet the standard. The rates of closure may even reach 10% to 15%, depending on the market, cautioned sector leaders attending the LTC100 conference this week. Steve Nee, CEO […]
As Principle LTC maintains a focus on staff retention and recruitment, the company is developing new programs to ensure staff have meaningful relationships to their roles. Lynn Hood, CEO of Principle LTC, which manages 45 facilities across North Carolina, Kentucky and Virginia, said that over her lengthy career in health care, she has learned that […]
The Future Leaders Awards program is brought to you in partnership with PointClickCare (BHB, SHN, SNN) and Homecare Homebase (HHCN, HSPN). The program is designed to recognize up-and-coming industry members who are shaping the future of behavioral health, home health, hospice and palliative care, senior housing and skilled nursing. To see this year’s Future Leaders, […]
Chief financial officers of skilled nursing facilities are increasingly collaborating with the front line while paying close attention to key operational metrics. Such evolutions in the role are crucial, given immense financial pressures caused by the skyrocketing cost of care and low Medicaid reimbursement rates. CFOs in the space would do well to collect real-time […]
In 2022, skilled nursing providers faced crushing workforce challenges, and responded with a wide array of initiatives. Through apprenticeship programs, sign-on bonuses and other incentives and programs, operators did notch wins, as reflected in numbers such as participation rates, program completion rates and retention figures. Trilogy Health Services, Dwyer Workforce Development (DWD), Principle LTC and […]
Staff education has proven to be a big hurdle for nursing home operators seeking to recruit and retain staff, as the staffing shortage has brought many in the workforce to their breaking points and punitive monetary penalties lock operators out of creating their own education programs. Not only are resources spread thin, employees and those […]
Hospital systems across the country are seeing a bottleneck of referrals to nursing homes, as staffing shortages have forced many facilities to hit pause on new residents. The Washington State Hospital Association (WSHA) saw an opportunity to address the backup of patients in an upcoming state legislative session, with plans to advocate for more funding […]
Building partnerships with leaders of different parts of the health care continuum will continue to be a big part of strengthening the industry’s business model, as getting recognition from other sectors builds credibility, along with referrals and business opportunities. That’s according to executives from Genesis HealthCare, ProMedica Senior Care and Principle LTC. Larger corporate organizations […]
North Carolina-based operator Principle LTC is bringing a new opportunity for Alzheimer’s research to its facilities, thanks to an expanded partnership with research organization Care Access. Principle LTC residents that meet criteria at North Carolina facilities, along with community members, will be able to participate in clinical trials, according to a news release announcing the […]
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