News

Nursing Homes Will Weather Coronavirus Crisis — But No Excuse For Lapses

March 15, 2020, Alex Spanko, Skilled Nursing News - Public health officials and the nation’s most prominent nursing home industry leaders haven’t minced words when describing the threat that COVID-19 presents to residents and operators, and neither will we: The next few months will present…

CMS Bans Most Visits To Nursing Homes, Waives Three-Day Stay Rule In Coronavirus Battle

March 14, 2020, Alx Spanko, Skilled Nursing News - The federal government late Friday formally issued new guidance prohibiting all non-essential visits to nursing homes, while also waiving the three-day hospital stay requirement for subsequent Medicare skilled nursing coverage, as officials…

O&M Investments Acquires California Skilled Nursing Facility

March 13, 2020, Ben Swett, SeniorCare Investor - Following a busy 2019 with five announced acquisitionsO&M Investments just announced its third off-market transaction…

When In Need Of Renovations

March 10, 2020, Steve Monroe, SeniorCare Investor - How often have you heard that the vast majority of skilled nursing facilities need substantial renovations in order to compete?  Now, we are hearing it about all those assisted living communities built in the 1990s, and even the early 2000s. …

From The Front Lines At NIC

March 9, 2020, Ben Swett, SeniorCare Investor - As the hordes descended on San Diego for the Spring NIC conference, we soon learned that hotel rooms suddenly became available at the last minute.  Why?  Cancelations and no shows, perhaps 10% to 15%, as fears of the coronavirus…

‘Not Sustainable With This Many Winners’: PDPM Gains May Be Higher Than Early Numbers Show

March 5, 2020,  Alex Spanko, Skilled Nursing News - The early returns for the new Medicare payment model for nursing homes have been broadly positive, with multiple experts and operators pegging the revenue gains at a healthy but modest 5% to 6%.  But the actual gains may be higher than those…

Net Income For SNFs Falls To 50 Cents Per Day, But Occupancy Looking Up

March 4, 2020, Lyndee Yamshon, Skilled Nursing News - Between the time period of 2014 and 2018, the average net income for nursing homes dipped to 50 cents per patient day, down from $4 at the start of that timeframe — but still up from a loss of four cents per day in 2017, according to a…

DOJ Forms Nursing Home Task Force, Promises Criminal And Civil Penalties For Owners And Operators

March 4, 2020, Alex Spanko, Skilled Nursing News - The Department of Justice this week announced the creation of a specialized task force targeting “grossly substandard care” in nursing homes, with both criminal and civil penalties on the table for owners…

CMS Suspends Non-Emergency Surveys For Virus Focus

March 4, 2020, Maggie Flynn, Skilled Nursing News - In the wake of an outbreak of the novel coronavirus at a Washington nursing home, the Centers for Medicare & Medicaid Services (CMS) will immediately refocus inspections of skilled nursing facilities on compliance with the agency’s infection…

‘Medicare Is Being Privatized’: Why Medicare Advantage May Make PDPM Irrelevant For Nursing Homes

March 3, 2020, Alex Spanko, Skilled Nursing News - The new fee-for-service payment model for nursing homes took up most of the oxygen in the industry over the past two years, but the rise of Medicare Advantage in markets across the country could make all of that preparation for naught — sooner…