Finance

Update: Mass. governor slashes proposed nursing home wage increase

Earlier this year, the Legislature approved a $35.5 million increase for nursing home direct care staff wages. Gov. Charlie Baker halved the increase days before the budget was to go into effect.  Read More »

SCOTUS says no to challenge on labor law for home care

The U.S. Supreme Court has decided not to hear a case that would have challenged the Department of Labor’s ruling on labor protections for home care workers. Read More »

Blue Wolf Capital acquires National Home Health Care

New York-based private equity firm Blue Wolf Capital acquires the National Home Health Care Corporation (NHHC) for a sum of $65 million.  Read More »

Sunrise Senior Living donates $75k to Alzheimer’s Association

Sunrise Senior Living will make a donation to the Alzheimer's Association's Brain Ball in honor of national honoree Thomas J. DeRosa, CEO of Welltower, Inc. Read More »

Aging on the big screen

Senior editor Nicole Stempak headed to the 40th annual Cleveland International Film Festival. In an unexpected plot twist, she found there weren’t many films featuring older adults, part of a larger narrative on aging. Read More »

Are you ready for PBJ transactions?

With the new CMS reporting requirements looming, skilled nursing facilities are gearing up for the mandatory Payroll-Based Journal data transactions for direct-care workers. Read More »

AL, memory care costs keep rising, especially in South

Seniors can expect to pay $99 to $125 per month more for assisted living and memory care compared to 2014, especially in the Southern states. Read More »

Guardian Pharmacy partners, expands to West Coast

Two long-term care pharmacy companies join forces to boost market share in California. Read More »

LTC mergers: Transitioning the culture clash

Putting two companies together successfully means keeping a close eye on staff transitions. Read More »

Calif. agrees to $15 minimum wage

The state of California legislature has passed a bill to raise the hourly minimum wage to $15 gradually over the next six years. Read More »

TL Management buys Bon Secours NY

Bon Secours Health System sells its NY arm, including the Schervier Nursing Care Center and other senior living properties. Read More »

FBI investigates hospice owner for overmedicating, Medicare fraud

The FBI is looking into claims the 34-year old accountant himself chose which home healthcare patients would be moved to hospice, recruited unqualified patients and charged the government for services not medically necessary. Read More »

Census success north of 90

Keeping units filled can be a struggle for CCRCs, especially in a sluggish economy. We asked successful CCRC operators to share their secrets to boosting census above 90 percent—and keeping it there. Read More »

Ziegler, My LifeSite launch state reports on CCRCs

Maryland is the first in the series of state-by-state reports examining the way continuing care retirement communities (CCRCs) charge for services and how the communities are administered. Read More »

A disciplined approach to growth capital

Growth and evolution go hand in hand for LTC providers who finance wisely. Ziegler offers tips on how to evaluate financial options when it's time to expand. Read More »

LeadingAge report: Options for LTSS financing makeover

Financing for long-term care services and suppports (LTSS) is in big trouble and needs new financing options that don't push all the burden onto Medicaid.  A new report from LeadignAge explores some alternatives. Read More »

Is senior living ready for a C-suite retirement exodus?

Succession planning and employee incentives will become even more important over the next few years, as more than 40 percent of senior living’s top-level executives near their own retirement ages. Read More »

Hawaii legislature proposes LTC benefits for seniors

Proposed legislation could make Hawaii the first state in the nation to offer long-term care benefits to seniors.  Read More »

RehabCare to pay $125M in fraud settlement

National therapy giant RehabCare is back in trouble again, this time agreeing to pay $125 million to settle false billing claims. Read More »

Employee benefits: The personal touch

Are economic pressures and changing rules under the Affordable Care Act forcing you to pare down your employee benefits offering? Incorporating voluntary benefits can keep employees happy by allowing them to add on customized benefits. Read More »

Nationwide tests new LTC + life insurance model

A national insurance company has added a new hybrid policy for the “sandwich” generation: A life insurance policy with a long-term care rider that can provide survivorship benefits for an elderly parent rather than a spouse. Read More »

Capital One acquires GE Capital Healthcare Financial Services

The acquisition has resulted in the formation of Capital One Healthcare, which will provide more than $11 billion in total outstanding balances of financial services to the healthcare industry. Read More »

National health spending picks up steam

The national healthcare spending growth rate has accelerated for the first time after five years of sluggish growth, according to new annual data from CMS. Read More »

CEO charged in $190M investment scheme

The Securities and Exchange Commission has charged the head of Global Healthcare REIT of money-mixing and defrauding investors. Read More »

Report: Liability costs expected to rise in 2016

Liability loss rates vary widely among individual states depending on tort reform, use of arbitration, the jittery market and many other factors, notes a new analysis. Read More »

Brookdale appoints new COO, CFO

Executive leadership changes continue to be made at Brookdale Senior Living, the nation's largest senior living provider. Read More »

Budget deal could include 2% Medicare cuts

Congressional and White House leaders reached a late-night federal budget deal that would include across-the-board 2-percent Medicare cuts. Read More »

Former assisted living CEO ordered to pay $4.2M in occupancy fraud case

Former Assisted Living Concepts CEO Laurie Bebo was convicted of multiple violations of securities laws. Read More »