Finance

Blanket waivers issued for New York and New Jersey in Hurricane Sandy’s wake

The Centers for Medicare & Medicaid Services has granted blanket waivers for New York and New Jersey after Hurricane Sandy, easing the regulations required of long-term care and other health providers. Read More »

What are your employees’ most expensive health risk factors?

A recent study links almost one-quarter of employer/employee health spending to a list of just 10 health risks. What’s the No. 1 health risk? Surprise: It’s not smoking. Read More »

ACA health benefits: Some employers rethink their workforce to avoid paying

The new employee benefits rules created under the Affordable Care Act (ACA) don’t go into effect until Jan. 1, 2014, but some employers are making changes to their workforce structures already, hoping to avoid the the coverage changes and penalties. Read More »

Henry Ford and Beaumont health systems to merge hospitals, LTC care sites

Updated: 5/21/13: Both parties have decided to cancel merger talks for now. The continuum of care gets bigger and broader in Michigan as two health systems join to form one of the largest non-profits in the state. Read More »

How do you spell nurse retention? R-e-s-p-e-c-t

The challenge of retaining quality nursing staff and reducing turnover rates can be eased through a few crucial changes in management strategy, say session leaders at this week’s LeadingAge annual meeting. Read More »

Assisted living construction concentrated in select markets

As of the second quarter of 2012, construction in assisted living properties represented 3.0 percent of existing assisted living inventory within the top 31 metropolitan markets. Construction activity as a percent of existing inventory dropped as low as 2.1 percent in early 2010. Read More »

LTC trends report: Reimbursement #1 challenge, technology #1 game changer

Amid the cuts in payments and struggles with occupancy rates, the current long-term care business environment has opportunities for innovation in cost models, care delivery models and technology-driven value, notes the 28th annual Licensed Nursing Facility Cost Comparison. Read More »

RICO suit filed against nursing home workers unions

HealthBridge files a RICO lawsuit against nursing home workers unions as the strike begun in July continues. Read More »

Seniors’ #1 reason for life insurance is life, not death, survey shows

Most people view life insurance as financial protection in the event of their death. But seniors are buying life insurance in case they live too long, an interesting twist to seniors’ views on retirement planning. Read More »

AHCA/NCAL: Keynote inspires the big heart in LTC’s small businesses

Is long-term care the corporate “little engine that could”? Business strategy author Jim Collins, the keynote speaker at Monday’s opening of the AHCA/NCAL Annual Conference and Expo, offers inspiration to attendees on being successful in business amid the challenges that the LTC market presents. Read More »

AHCA/NCAL: Future of LTC relies on leadership and resilience

A few raindrops didn't dampen the spirits of more than 2,000 attendees and 350+ vendors who celebrated the resilience and discussed the challenges of long-term care on today's opening day of the AHCA/NCAL Conference and Expo in Tampa, Fla. Read More »

Washington Post buys LTC company, invests in home and hospice care

One of the nation's best-known newspaper companies just joined the long-term care market. Read More »

New website helps employers navigate benefit changes under ACA

In California, business owners are taking a positive approach to the ACA. Answers to their questions on how to provide the health benefit to employees and comply with the ACA mandate are available online. Read More »

Former assisted living CEO indicted on $130 million in fraud

Former Sunwest Management CEO Jon Michael Harder surrenders to federal authorities, facing more than 50 charges of fraudulent activities and accusations of $130 million in investor losses. Read More »

LTC facilities should prepare now for Social Security payment changeover, Feds say

In March 2013, the majority of nursing home residents will experience a radical change—no more government checks in the mail. Long-term care facilities should start now to educate their staffers and their residents on the new electronic direct deposit system. Read More »

Health Care REIT to buy Sunrise Senior Living

Health Care REIT announces its intent to buy Sunrise Senior Living, in the third major senior housing real estate deal this week. Read More »

Kindred buys IntegraCare; doubles its hospice and home care foothold in Texas

Kindred Healthcare invests deeply in the heart of Texas, announcing its agreement to purchase IntergraCare's Texas-based home care and hospice operations. Read More »

Nursing home cutbacks could tally $65 billion over next decade

The unfortunate overlap of multiple payment-reduction laws and regulations could add up to $65 billion less for skilled nursing home budgets over the next 10 years, according to nationwide data released today. Read More »

Nursing home employees see slight pay raises in 2012; turnover still a problem

Read about the regions and job titles that pay nursing home employees the most in the annual nursing home payscale survey, released this week. Read More »

AHIP: More companies choosing high-deductible health plans

A low-premium, high-deductible health plan used to be viewed as "the single consumer's plan." Now, high-deductible plans are a favorite of employers, especially for large-group coverage. Read More »

Prudential stops LTC group coverage sales

The market loses yet another provider of long-term care insurance group coverage as Prudential bows out of the difficult genre. Read More »

LeadingAge launches financial assessment and referral service

LeadingAge has started a financial and legal advice service for its not-for-profit members. Struggling facilities can request an assessment and receive advice from experts for free. Read More »

Liability reform, alternative dispute resolution can save SNFs a bundle in liability claims

State reform to limit medical liability claims and facility-based arbitration agreements can have huge impacts on long-term care’s finances, notes a study by ACHA/NCAL and Aon Global Risk Consulting. Read More »

Alaska leads the nation in nursing home costs

Where a consumer lives plays a large role in his or her financial planning for long-term care. Costs from the nursing home through the home care categories vary greatly, according to a national study. Read More »

New tool assesses financial impact of ICD-10 switch

The Health Information Management Systems Society (HIMSS) and technology company Jvion have developed an online tool to help facilities calculate the financial impacts of migrating to ICD-10. Read More »

Genesis HealthCare acquires Sun Healthcare for $217 million

Genesis HealthCare, one of the nation’s largest long-term care providers, buys Sun Healthcare Group to expand its services, geographic presence and grow business during these uncertain times in the healthcare industry. Read More »

AMA works with insurers to cut medical claim errors

Making the claims processing more efficient, leads to savings and allows physicians to spend more time on patient care and less on payment reconciliations. Read More »

U.S. healthcare spending to surge in 2014; overall spending to rise with or without the ACA, journal reports

A detailed economic forecast, released this week by Health Affairs, predicts national healthcare spending will experience “modest growth” during the next nine years, but will spike in 2014 when the Affordable Care Act (ACA) coverage expansions activate. Read More »

Nursing home profits soar in Q1 2012, yet many facilities provide “lousy” care

Strong revenues may please corporate shareholders, but CMS data shows that many nursing homes are providing substandard care for residents. Read More »

The world’s greatest senior housing dilemma

Yesterday’s article on the most exciting prospect in senior housing had been posted no longer than an hour before I started receiving emails and social media notifications from industry observers with stakes in China. Read More »