Skilled nursing operators in the state of Texas have had a lifeline in the form of an add-on to the daily reimbursement rate for their Medicaid patients, one that dates back to the earliest months of the COVID-19 pandemic. Now, with COVID-19 cases down precipitously from the beginning of 2021, it’s not clear how long […]
StoneGate Senior Living
The majority of patients at any nursing facility have their care covered by the Medicaid program of any given state, and those rates are notorious for being insufficient to cover the cost of the services those patients demand — to the point that operators from multiple states can argue near-simultaneously that it is theirs with […]
One of the first legislative packages designed to help the U.S. navigate the fallout of the COVID-19 pandemic included an increase in the federal matching funds for state Medicaid programs during the emergency period related to the coronavirus. And a second major aid package under debate would go even further to increase federal dollars for […]
House Democrats on Tuesday introduced a major aid package with a provision that would indefinitely delay the implementation of a controversial rule that imperiled billions in Medicaid funding for skilled nursing facilities. The bill also would boost the Federal Medical Assistance Percentage (FMAP), or Washington’s share of state Medicaid rates, by 14% — up from […]
Twenty-eight skilled nursing facilities in Texas and Oklahoma will be purchased by the non-profit Preservation Freehold Corp., with $689.7 million of unrated taxable and tax-exempt bonds coming to market this month to finance the purchase or refinance of the facilities. The Bond Buyer first reported the news on February 14. All but two of the […]
The federal government has proposed a rule governing the use of Medicaid supplemental payments for nursing homes that could have drastic effects on the reimbursement they receive. But the ripples of the rule don’t stop there. They could also overhaul the taxes that providers pay in several states — taxes that in turn contribute to […]
With skilled nursing facilities in multiple states facing significant shortfalls in their Medicaid reimbursement, supplemental payment programs used to bolster rates have become a lifeline. This is especially true for Texas and Indiana, both of which employ programs designed to get SNFs a higher rate for Medicaid services through varying mechanisms. Both states are motivated […]
Dwight Capital pulled off a $7.75 million bridge loan for a pair of skilled nursing facilities in northwestern Tennessee: Douglas Health and Rehabilitation Center in Milan, Tenn. and Palmyra Health Care Center in Palmyra, Tenn. The two-SNF portfolio consists of 145 total units, with 73 skilled nursing beds at the Palmyra facility and a mixture […]
Date: Wednesday, May 22Time: 1:00 p.m. CDTRegister Now The new Medicare payment system for nursing homes may be grabbing all of the flashy headlines in the post-acute care world, but Medicaid remains the dominant payer for nursing home services nationwide. Persistent funding shortfalls have caused waves of closures in states across the country, and operators […]
Texas SNF Plans $4.5M Expansion, Including Gym and Private Rooms Arbor Grace Skilled Nursing and Rehabilitation in Kilgore, Texas is planning a $4.5 million expansion that will add 15,000 square feet to its footprint, the Longview News-Journal reported. The project will include a 2,200-square-foot therapy gym and 20 private rooms, which will bring the total number of beds […]
Simpson Place Assisted Living expanded its facility in Dallas, adding 50 skilled nursing beds and celebrating with a ribbon cutting last month.. It’s a move that could seem curious given declining skilled occupancy and Texas’ low Medicaid reimbursement rates, but Simpson Place operator StoneGate Senior Living “kind of bucks the trend” in terms of occupancy, according […]
Construction: In progress Illinois Community to Offer Short-Term Rehab A forthcoming senior living and nursing facility in Huntley, Illinois, will offer short-term rehab when it opens in December. The 110-bed Alden Estates of Huntley is part of a $51 million project from Alden Realty Services, the Northwest Herald reported. The project will also have independent living, assisted living […]
Subscribe
Receive industry updates and breaking news from SNN.