After 50 Years, PruittHealth Looks to the Future with I-SNP — and Staff Development Strategies from Disney

PruittHealth spent 2019 celebrating its 50th anniversary in the post-acute and long-term care space, but second-generation CEO Neil Pruitt, Jr. says his company — along with the rest of the industry — must focus on novel and creative strategies for surviving into the future. Pruitt sees potential in a variety of forward-thinking initiatives, from the […]

Genesis Opens Pennsylvania Rehab Location; PruittHealth to Develop in North Carolina

Genesis Opens Short-Term Rehab Center in Exton, Pennsylvania Genesis Healthcare (NYSE: GEN) opened its 12th PowerBack Rehabilitation location in Exton, Penn., The Daily Local News reported. The 85,000 square-foot Exton center includes a rehabilitation gym and 120 private suites. It is expected to employ approximately 300 people, according to the publication. The PowerBack Rehabilitation service […]

How In-House Insurance Plans Can Boost Skilled Nursing’s Fortunes

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 […]

For SNF Providers, Cost to Meet Emergency Prep Rule May Vary

As the floodwaters left by two major hurricanes recede in Texas and Florida, skilled nursing operators across the U.S. are battening down the hatches before the emergency preparedness rule from the Centers for Medicare & Medicaid Services (CMS) hits in November. And although the end goal is clear, the total costs aren’t always so easy […]

Skilled Nursing Transactions: CareTrust REIT Expands in Four States

Capital One Provides $16.3 Million Loan to Refinance PruittHealth SNF Portfolio  Capital One announced that it provided a $16.3 million loan to PruittHealth to refinance a portfolio of three skilled nursing facilities (SNFs) and an intermediate care facility for individuals with developmental disabilities (ICF-MR) in Georgia, as well as a SNF in North Carolina. Four […]

Skilled Nursing Industry Shores Up Plans Before Emergency Prep Rule Hits

A storm has been brewing on the horizon for some time now. As a new emergency preparedness rule from the Centers for Medicare & Medicaid Services (CMS) approaches, skilled nursing providers are trying to make sure they’re protected from the flood of new regulations. Under the rule, which was first introduced in 2013 and finalized […]

How Offering Insurance Can Pay Off for Skilled Nursing Providers

Large skilled nursing providers across the country are increasingly selling private insurance plans to their residents, and it appears to be paying off for at least one of them. Among them are Erickson Living and Signature Healthcare, two of the country’s biggest providers of skilled nursing services. Both Erickson and Signature offer private Medicare Advantage […]