News

Watercrest Senior Living’s First COO Focuses On Leadership Development

April 23, 2017 Alana Stramowski, Senior Housing News - The buzzword “company culture” is not new to the senior living industry, but Watercrest Senior Living is renewing its investment in the concept with its first-ever chief operating officer.  Watercrest, which owns and operates three assisted…

States Bolstering Efforts To Fight Medicaid Waste, Fraud In Wake Of GAO Report

April 21, 2017, Emily Mongan, McKnight's Long-Term Care News - Many state Medicaid programs are trying to improve their data analytics and provider education to curb fraud and waste within the program — efforts recently criticized in a federal report — one official said this week.

Per-Person Medicaid Caps Could Cut Funding For Dual Eligibles By $44 Billion

April 21, 2017, Emily Mongan, McKnight's Long-Term Care News - Spending on beneficiaries who qualify for both Medicaid and Medicare could drop by $44 billion over the next ten years if the Medicaid program moves to a limiting per-capita system, according to new research.

Solving The Senior Housing Middle Market Crisis

April 20, 2017, Stephanie Aaneson, Senior Housing News - The senior housing industry has evolved over the last 40 years to become a thriving sector for developers and operators providing housing and care to the aging population.  Yet the options available today leave a major portion of the…

Report: Kindred ‘Willing To Engage’ In Complete Buyout

April 20, 2017, Mary Kate Nelson, Senior Housing News - Late last year, Kindred Healthcare (NYSE: KND) announced its intention to completely exit the skilled nursing sector.  Now,…

SNF Evacuations Elevate Mortality Rate For Residents, Study Finds

April 18, 2017, Emily Mongan, McKnight's Long-Term Care News - Nursing home residents forced to evacuate due to either man-made or natural disasters may potentially face an increased risk of mortality for months following the evacuation, a recently published review shows.

Seniors Housing Inventory Growing Fast

April 17, 2017, Brian Rogal, Modern Healthcare - Developers and lenders in the seniors housing sector have for years only allowed new construction to proceed at a modest pace.  The development community’s aim was to avoid the mistakes made in past booms, when too many inexperienced…

CMS Asks For Comments On Physician-Owned Hospital Regulation

April 17, 2017, Virgil Dickson, Modern Healthcare - The Trump administration wants to hear comments on restrictions that the Affordable Care Act placed on physician-owned hospitals.  On Friday, the CMS issued a proposed rule for inpatient hospitals that contained two requests for information.…

These Properties Outshine Senior Living In Investors’ Eyes

April 17, 2017, Mary Kate Nelson, Senior Housing News - Health care real estate investors have expressed interest in acquiring assisted living communities and skilled nursing facilities this year—but not nearly as much interest as they have in acquiring…

AdCare Fires CEO For Lying About His Credentials

April 17, 2017, Lois Bowers, McKnight's Long-Term Care News - AdCare Health Systems fired its CEO and chairman of the board, William McBride III, on Monday after an internal investigation revealed that he had lied about his educational background, the self-managed healthcare real…