News

Genesis Lays Off Staff In $50 Million Cost-Cutting Move

February 23, 2017, Tim Mullaney, Senior Housing News - Census and labor pressures continued to hit the skilled nursing and post-acute sector hard at the end of 2016, prompting industry giant Genesis HealthCare (NYSE: GEN) to take major cost reduction initiatives, including laying off corporate…

Genesis Lays Off Staff In $50 Million Cost-Cutting Move

February 23, 2017, Tim Mullaney, Senior Housing News - Census and labor pressures continued to hit the skilled nursing and post-acute sector hard at the end of 2016, prompting industry giant Genesis HealthCare (NYSE: GEN) to take major cost reduction initiatives, including laying off corporate…

Advocates 'Shocked' At Medicaid Proposals' Potential Impact On Nursing Facilities

February 23, 2017, Emily Mongan, McKnight's Long-Term Care News - Advocates for seniors were stunned when they recently learned that a Medicaid overhaul proposal may be included in a upcoming bill to replace the Affordable Care Act (ACA), one group leader reported Wednesday.

How Senior Living Can Capture Value With Home Care Partnerships

February 22, 2017, Alana Stramowski, Senior Housing News - Society is heading toward a major shift in 2020, when the growth rate for those 85 and older will accelerate. To be able to handle that, there needs to be an infrastructure that will keep up. Senior housing providers and investors…

Welltower CEO: Occupancy Down, But Oversupply ‘Not Our Story’

February 22, 2017, Mary Kate Nelson, Senior Housing News - Despite seeing pressure on occupancy, Welltower (NYSE: HCN) isn’t preoccupied with the idea of senior housing oversupply. In fact, leadership at the Toledo, Ohio-based health care real estate investment trust (REIT) feels confident…

MN Health Officials Overwhelmed By Nursing Home Complaints, Report Says

February 21, 2017, Emily Mongan, McKnight's Long-Term Care News - Minnesota Health Department officials acknowledged last week that they are leaving many nursing home complaints uninvestigated, which they said reflect a recent influx.  The Minnesota Office of Health Facility Complaints…

Tuesday Jump-Start: Brookdale Buyout?

February 20, 2017, Mary Kate Nelson, Senior Housing News - We’re back from a three-day weekend relaxed, refreshed, and ready to see what this week has in store.  Before this week gets too busy, here’s a recap of what happened last week:   On Wednesday, an analyst floated the idea of a 

GAO Report Highlights Four High-Risk Healthcare Areas

February 20, 2017, Lois Bowers, McKnight's Long-Tern Care News - Medicare, Medicaid, medical product oversight and veterans' healthcare are the four healthcare-related areas on the Government Accountability Office's “2017…

When Retirement Comes With A Daily Dose Of Cannabis

February 19, 2017, Winnie Hu, New York Times - Ruth Brunn finally said yes to marijuana. She is 98.  She pops a green pill filled…

CMS Nominee Verma Grilled On Fraud, Fee-For-Service At Confirmation Hearing

February 17, 2017, Emily Mongan, McKnight's Long-Term Care NewsSeema Verma, President Donald Trump's nominee to lead the Centers for Medicare & Medicaid Services, told lawmakers on Thursday that she'd make targeting healthcare fraud and abuse a “top priority” should she get…