Despite ongoing investments from operators, the nursing home industry is struggling to rebuild its workforce and recover from the pandemic. Meanwhile, operators are concerned that the federal minimum staffing proposal, once finalized, will make operational challenges worse even as nursing homes limit admissions and are concerned about closures. Such findings were outlined in the American […]
Category: Occupancy
The year ahead for Sabra Health Care REIT (Nasdaq: SBRA) presents a “terrific” opportunity for improved margins and potential dealmaking, with eyes on multiple asset classes, according to Sabra CEO Rick Matros. While the California-based real estate investment trust (REIT) has focused in the past couple years on diversifying its portfolio – namely adding behavioral […]
Health care settings, including the nursing home sector, performed worse than expected for about half of the federal government’s quality measures during the Covid-19 pandemic, although key measures such as rehospitalization rates for short-stay residents did surprisingly better, the Centers for Medicare & Medicaid Services (CMS) reported Wednesday. Overall, the pandemic had major impacts on […]
It’s becoming harder than ever to operate standalone skilled nursing facilities amid inadequate government funding, and innovative business models that deal with challenges, especially those related to staffing, have and will be borne from necessity. “Innovative models are going to present themselves in some way to stop this train,” said Dan Hermann, president and CEO […]
National Health Investors Inc. (NYSE: NHI), much like other real estate investment trusts (REITs), is looking at deals across the continuum of skilled nursing and senior housing and looking into different ways to invest, including through joint ventures, executives said. “We’re hopeful that we’re seeing the tip of the iceberg,” said NHI Chief Investment Officer […]
Pricing for nursing home care continued to grow the fastest in the first month of 2024 compared to other major health care categories, jumping by 4.9% in January, as wages grew but job growth lagged. That’s according to Altarum’s Health Sector Economic Indicators (HSEI) Briefs published on Tuesday. Nursing home care was among service prices […]
Soaring costs associated with skilled nursing – and problematic payer sources – are making it harder for continuing care retirement communities (CCRCs) to provide such labor intensive post-acute care. CCRCs have to ask themselves some hard questions when it comes to what services they can reasonably offer, and if it’s worth it to keep open […]
As nursing home operators rethink workforce initiatives in the midst of recovering from the pandemic’s devastating labor losses and a looming federal minimum staffing proposal, it’s crucial to listen to what nurses need from their employer and what they hope to see from the sector in the future. Workforce success in 2024 may lie in […]
The recent closure of a California facility is bringing even more attention to the broader issue of bed shortages and “transfer trauma” at nursing homes across the U.S., given that shutdowns of facilities have continued to mount in recent weeks. Efforts are being made to prevent “transfer trauma” among the older residents at skilled facilities, […]
Following the sudden closure of Northview Village, St. Louis’ largest nursing home, Rep. Cori Bush (D-Mo.) is calling for a formal investigation into the finances, provision of care and use of Medicaid and Medicare funds of the facility. Bush sent a letter to the U.S. Department of Health & Human Services (HHS) Secretary Xavier Becerra […]
Deficiencies in nursing homes, both on average and those deemed more serious, have increased over time – partly as a result of decreasing staffing levels. Between 2015 and 2023, facilities with serious deficiencies, or violations of federal regulations, increased from 17% to 26%, according to a data note published on Friday by KFF. The average […]
The Department of Health and Human Services (HHS) and its Secretary, Xavier Becerra, need to “do its part” to increase Covid vaccination rates among nursing home residents, starting with easing logistical issues that continue to be barriers to uptake. That’s according to LeadingAge President and CEO Katie Smith Sloan, who also cited the benefits of […]
The need for Medicaid as stopgap coverage for long-term care is more apparent when looking at differences in race, gender and ethnicity, and rural versus urban status of the residents. This is according to an analysis conducted by ATI Advisory, which identified the impact of disparities and differences in resources – finances, insurance and social […]
Northview Village, the largest nursing home in St. Louis, closed abruptly on Friday displacing 170 residents, with loved ones not immediately able to find them. Ahead of the closure, there was no warning for employees or residents alike as workers learned they might not be paid at the end of last week, leading to staff […]
Operating a skilled nursing facility today is considered a difficult business with regulations and reimbursement woes making the space “tougher every day.” As a result, some operators say they regularly budget a loss for skilled nursing services, and if it weren’t for other lines of business, skilled nursing would be unsustainable. This dire view of […]
As the skilled nursing industry heads toward a new year with continued labor shortages and reimbursement gaps, service repositioning and closures among operators are expected trends for the space. And although there are signs of positivity in the form of increased Medicaid reimbursement in some states, extensive rural closures are creating “nursing home deserts” and […]
With dementia being one of the leading indications for nursing home placement, developing and perfecting models to predict level of care can be crucial when patients and families – and nursing homes – dive into future planning. Simple self-reporting or proxy responses by patients on models are good ways to estimate if and when a […]
As patient preference continues to shift away from nursing homes, public attention is increasingly on alternate modes of skilled nursing care as well, including continuing care retirement communities (CCRCs). Newsweek, for one, came out with a ranking of such communities in partnership with global market and consumer data firm Statista. The companies expect rankings to […]
One of the unintended consequences of the minimum staffing proposal may mean less utilization of nursing homes as residents are shifted to other means of care – a trend spurred by an expanded use of Medicaid waivers. Policymakers may opt for these as a safety net for access issues among seniors, especially in rural settings, […]
Cost of capital, occupancy recovery across all assets and the minimum staffing proposal were top of mind for National Health Investors Inc. (NYSE: NHI) during its third quarter earnings call on Wednesday. NHI CEO Eric Mendelsohn said there was a bit of a fakeout in terms of occupancy recovery last December, with operators saying there […]
Subscribe
Receive industry updates and breaking news from SNN.