Finance

Senate votes to increase dementia research in FY2018

The Senate Appropriations Committee approved funding an additional $414 million for dementia and Alzheimer’s research in the coming fiscal year. 

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NIC, other industry associations form national initiative against senior finance fraud

Four senior industry associations are teaming up with a not-for-profit investor protection firm to provide free resources for senior care providers to help their residents stay savvy and avoid financial scams.

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VA to ease grant process for rural veteran nursing homes

New regulations could make it easier for rural communities to compete for grant funding to build state-run veteran homes.

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CMS launches Hospice Compare site

Much like the Nursing Home Compare site for skilled nursing facilities, the new data comparison tool will allow consumers to see quality measures data on hospice and palliative care providers.

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CMS raises reimbursement by 1%, pushes VBP

With the Value-Based Purchasing program due to begin in 2019, CMS is pushing SNFs to get on board with performance baselines now.

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KKR, Walgreens buy PharMerica for $909M

The joint venture will convert pharmacy benefit manager PharMerica into a private company.

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How the Senate healthcare bill could affect seniors

The Senate’s proposed healthcare bill, the Better Care Reconciliation Act, calls for deep cuts to Medicaid. The program pays for about two-thirds of the 1.4 million seniors who live in nursing homes. 

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Kramer to step down at NIC

After 27 years at the helm, Kramer will transition to the role of strategic advisor at the National Investment Center for Seniors Housing & Care.

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Business intelligence with a long-term care twist

A new software platform gathers data from multiple sources across the facility and allows deep data analytics to optimize performance.

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Aetna pulls out of ACA

The insurer, which withdrew from 11 states in 2016, will not offer ACA-participating policies in any state in 2018.

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