Bernie McGuinness, CEO of Majestic Care, always knew that he wanted a rewarding career where he could work with people and make a tangible impact. His pursuit of such a career led him from being a certified nursing assistant (CNA) to the CEO of a nursing home company that he co-founded. Majestic Care now has […]
By Tim Regan American Healthcare REIT, the majority owner of Trilogy Health Services, is filing for an initial public offering nearly one year after its $4.2 billion merger. The Irvine, California-based real estate investment trust (REIT) is seeking to list shares of common stock on the New York Stock Exchange as part of an initial public […]
Federal reforms — on top of chronic underfunding in the state — has Texas-based Cascade Health Services fearing that certain facilities will be left at a disadvantage as the operator looks to grow regionally. Permanent Medicaid rate increases could be a start, Cascade CEO Ron Haney told Skilled Nursing News, but facilities in Texas will […]
As Trilogy Health Services has grown from two facilities to 127 since Leigh Ann Barney came on board, the senior care company has continued to scale its business by being “strategically opportunistic.” What that means, according to Barney, is that Trilogy has acquired or built buildings by following the organization’s core tenants: Offering care across […]
While nursing home operators welcome more time to certify temporary nurse aides (TNAs), many believe it’s simply not enough — and must be just the first in a series of steps the federal government has to take — to help revive a seriously depleted workforce from top to bottom. The Centers for Medicare & Medicaid […]
Licensed practical nurses (LPNs) want to take on more leadership responsibilities – and operators want them to be in such positions – as the pandemic, coupled with the Patient-Driven Payment Model (PDPM) and staffing crisis, force employers to rethink paths to promotion. The LPN wasn’t always the first choice for leadership positions, according to Catherine […]
Nursing home operators need to really lean into soft skills as the sector continues to face a historic staffing crisis, experts say, focusing more on individualized attention between staff and employer while examining how leadership style and first impressions make a difference in recruiting and retaining staff. Cassie Mistretta, CEO of Senior Living Properties (SLP) […]
As the staffing crisis continues to challenge nursing home leaders across the sector, the hundreds of thousands of workers lost over the course of the pandemic may leave a bigger hole in the industry beyond the ability to fill shifts and accept new patients. Specifically, some executives worry about a dwindling number of future female […]
Finding solutions to high staff turnover rates and persistent retention and recruitment challenges will take a combination of strategies — forcing nursing home operators to be creative and nimble to find out what works best for them. What can often get in the way of finding the right set of solutions for a provider is […]
The American Health Care Association President and CEO Mark Parkinson called on the entire nursing home industry to fight against the “offensive” nursing home reform package laid out by the Biden administration this month as rhetoric around the reform continues to ramp up. Parkinson and other health care officials feel lawmakers are “pointing the finger” […]
The Biden administration wants to make information surrounding nursing home ownership and conditions more publicly accessible. Reporting released by USA Today this week could add fuel to that fire. The report stems from the publication’s nursing home project, where USA Today researchers combed through various databases to generate their findings. Described as a “first-of-its-kind analysis” […]
Staffing is unequivocally, and unsurprisingly, the top challenge for the skilled nursing industry in 2022. That’s according to the Skilled Nursing News 2022 outlook survey, conducted online late last year as a way to identify the top sources of concern and opportunities leaders saw in the year ahead. Labor challenges are not only widespread, but […]
Seeing a need for better ancillary service providers in the post-acute care space, operator Trilogy Health Services last week formally launched its subsidiary business – branded Synchrony Health Services – on a broader platform. As part of the launch, Synchrony plans to initiate its lab services division in the second financial quarter of this year, […]
American Healthcare REIT plans to increase its investment in skilled nursing operator Trilogy Health Services post-merger, CEO Danny Prosky told Skilled Nursing News. It’s going to be the real estate investment trust’s (REIT) “primary source of growth” in the SNF market. Trilogy, the 12th-largest senior living provider in the United States according to 2020 Argentum […]
In this Priorities, Plans & Perspectives interview, Skilled Nursing News sits down with Leigh Ann Barney, President and CEO at Trilogy Health Services, to learn about her full-transparency approach to goal setting and vision that transcends every level of the organization. Read on to discover how Barney’s perspective has evolved over thirty years in the […]
National Health Investors’ (NYSE: NHI) skilled nursing assets are outperforming assisted and independent living properties at this stage of the pandemic. Memory care is also on the company’s list of underperforming assets. These three types of properties experienced more significant occupancy and margin pressure, driven by staffing shortages and in turn increased hourly rates and […]
In a comprehensive review of research surrounding room occupancy at long-term care facilities during the pandemic, evidence suggests single-resident rooms keep patients healthier, happier and is their desired option moving forward. Converting multi-resident rooms to single-resident rooms is expected to require initial investments in reconstruction and higher ongoing operating and capital costs, but researchers with […]
Griffin-American Healthcare REIT III (GAHR III) and Griffin-American Healthcare REIT IV (GAHR IV) on Thursday announced a merger agreement — as well as the acquisition of American Healthcare Investors — to become American Healthcare REIT, Inc. In a $1.125 billion joint venture transaction that closed in 2015, GAHR III acquired a majority stake in Louisville, […]
The nursing home industry has been through the wringer over the past 24 months, first with the implementation of a new Medicare payment model, the Patient-Driven Payment Model (PDPM), and then the COVID-19 pandemic. Coming out of the pandemic, operators across the country need to start thinking about their future in the post-acute care continuum. […]
Trilogy Health Services, one of the largest skilled nursing and senior living providers in the United States, is aiming to recover 90% of pre-pandemic occupancy by the end of the year. The Louisville-based company also is pursuing selective new developments and is seeking to grow through its ancillary services business, while addressing workforce challenges through […]
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