News

CMS Move To Delay Elective Surgeries Could Create Lasting Strain On Skilled Nursing Facilities

March 19, 2020, Maggie Flynn, Skilled Nursing News - Skilled nursing facilities, and post-acute providers in general, will feel pain even beyond the immediate short-term challenges of protecting residents and staff from the spread of the novel coronavirus, several experts predicted Thursday.

The…

CMS Expands Medicare Telehealth Services To Fight COVID-19

March 17, 2020, Michael Brady, Modern Healthcare - The Trump administration on Monday announced that it will expand telehealth services for Medicare beneficiaries and cut back on HIPAA enforcement, the latest move to combat the 

ASHA/Argentum Joint Message To Congress On COVID-19 Paid Medical Leave Legislation

March 16, 2020, David Schless, ASHA - We are writing on behalf of Argentum and the American Seniors Housing Association (ASHA) regarding H.R. 6201, the Families First Coronavirus Response Act.  Argentum and ASHA are the leading national associations exclusively dedicated to supporting companies…

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…