Occupancy for post-acute care was flat on a month-over-month basis as of April 9, 2023, according to a data analysis from BMO Capital Markets. The news is dimmer for the real estate investment trusts (REITs) covered by the firm, most of which saw sequential declines, according to a note issued Friday. The analysts mapped REIT […]
Zimmet Healthcare Services Group
Following states like Illinois and New York, Connecticut is the latest state to introduce a bill aimed at transforming staffing and requiring transparency changes among area nursing homes. Proposed changes would apply to the more than 200 nursing homes across the state. One change involves boosting minimum staffing hours from 3 to 4.1 per person […]
The skilled nursing industry is facing a defining moment that could determine the future of Medicaid reimbursement, with a new model emerging that ties increased dollars to facility performance. “I doubt that we’re going to get another chance,” Zimmet Healthcare Services CEO Marc Zimmet said Tuesday at the annual eCap conference in Miami. This as […]
As the skilled nursing industry is beset by crippling staffing shortages, inflation costs, and increased government oversight in an already highly regulated field, operators must be proactive in shielding themselves from litigation risk. Risk is coming from a multitude of different places, according to experts at a Zimmet Healthcare Services Group webinar on Thursday, and […]
“The sector has a tremendous opportunity to reimagine how we deliver care.” These are the words of Nate Schema, president and CEO of The Evangelical Lutheran Good Samaritan Society, one of the largest providers of skilled nursing services in the United States. Good Sam is reimagining care in part through a $350 million virtual care […]
As CEO of Zimmet Healthcare Services Group, Marc Zimmet has spent decades analyzing the skilled nursing industry and developing solutions for post-acute care operators. An expert in reimbursement, compliance, and strategy, Zimmet takes the Hot Seat to share some of details around how he came to the industry, his favorite destination when he’s not analyzing […]
As the SNF sector enters its third year under the Patient-Driven Payment Model (PDPM), data analytics and consulting firms like Zimmet Healthcare Services Group are finding stark differences in reimbursement levels between top-performing operators and those at the bottom of the barrel. For one, the top 10% of SNF providers have rates $70 over the […]
A lot of temporary measures will dry up or disappear when the public health emergency (PHE) comes to an end, but one thing that may become permanent is the Medicaid rate bumps states put in place to alleviate pressures nursing home operators face. At least that’s the hope for industry leaders and advocacy groups. Right […]
The five-star quality rating system has been a thorny issue for a lot of operators in the skilled nursing space, with many calling for a significant overhaul to quality metrics as facilities drown in seemingly endless federal benchmark adjustments. Even academics and consultants monitoring the sector believe the ratings system needs to be updated – […]
As the Centers for Medicare & Medicaid Services (CMS) works to establish federal minimum staffing levels, industry leaders are calling on the government agency to broaden the caregiver definition. The current federal requirement does not provide a specific daily minimum standard, rather, it states that nursing homes must provide “…sufficient nursing staff to attain or […]
The nursing home sector may be facing even bigger, more longstanding obstacles than current staffing woes and increased costs due to rising inflation. According to one industry leader, the crisis facing long-term care is the data itself. “We have this one-size-fits-all regulation, we have irrational payment systems where reporting is fragmented, redundant and inconsistent and […]
Utah-based skilled nursing company Eduro Healthcare recently acquired seven facilities in the San Antonio, Texas area, bringing the total count in the state to 15. Eduro first entered the Texas market in April 2021, and has seen success as operational and delivery of care changes are implemented, according to a news release. “Having worked in […]
Whether it’s uttered during an interview, highlighted during an industry conference or referenced in a news release, I’ve heard and seen the word “crisis” quite often during my time reporting on the skilled nursing industry. And it’s not surprising the word has been used so frequently. Covid-19 was a global crisis that hit the nursing […]
The Biden administration, and its federal agencies, appear to be in lockstep in how they have been thinking and talking about nursing homes, industry leaders say, further evidenced by the latest release on the rules of participation for Medicare and Medicaid. Specifically concerning the administration’s efforts to establish a minimum staffing ratio among facilities, the […]
Persistent staffing shortages have put some MDS coordinators at a difficult crossroads. More and more are being called to fill in on the nursing home floor and assist in patient care. On one hand MDS coordinators are registered nurses and often have years of experience in direct care, but for some it’s not how they […]
Operators and nursing home industry leaders wait with bated breath for the implementation of new staffing measures in its five-star rating system starting in July, a move seen by some as insensitive in light of a historic staffing shortage and soaring agency use. While facilities have been reporting staffing turnover and weekend staffing data since […]
Despite the arduous operating challenges facing skilled nursing providers in 2022 — workforce shortages, inflation, occupancy and looming federal regulations just to name a few — the future of the sector may not be as dark and stormy as one might anticipate. The obstacles nursing home operators have already and will continue to face over […]
Persistent staffing shortages combined with regulatory headwinds have put even more pressure on nursing home MDS coordinators, a specialty position that itself has not been immune to the job turnover felt across the sector. And their role to ensure that facilities get the reimbursement they earn and the right care is provided may be more […]
Skilled nursing operators are presently eyeing a $320 million proposed decrease to Medicare funding at a time when a historic labor crisis and federal policies and rhetoric have a chance to make a mark on the industry for years to come. In just the last few months, the Biden administration unveiled its nursing home reform […]
After delaying cuts last year due to Covid, the Centers for Medicare & Medicaid Services (CMS) announced last week that it is moving forward with proposed cuts to Medicare funding for nursing homes. The CMS proposal includes a 3.9% Medicare rate increase for skilled nursing facilities, but the agency announced cutbacks to PDPM payments by […]
Subscribe
Receive industry updates and breaking news from SNN.