Finance

As tariff fears rise, so do skilled nursing facility construction costs

A tight labor market has continued to drive up construction costs for skilled nursing facilities — and that’s before accounting for the potential effects of disruptive new tariffs from the Trump administration.

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Some hospice providers neglecting patients, abusing Medicare, according to HHS report

The report calls for the Centers for Medicare and Medicaid Services, which is a key player in the funding of hospice services, to increase its level of scrutiny to improve the detection of these problems.

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ProMedia’s purchase of eight bankrupt nursing homes a move to “redefine health care”

Eight nursing homes in the region that had been in bankruptcy proceedings are now owned by ProMedica, a Toledo-based health network.

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LifeCare in Pennsylvania to close, lay off 122

LifeCare Hospitals of Mechanicsburg LLC, a provider of specialty acute medical care, is shutting its doors, displacing 122 workers.

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Blue Ridge CEO falls on sword, fires self to cut assisted living facility’s costs

The top executive of an assisted living community and rehab facility in Martinsville, Virginia, is soon to be out of a job, and it’s by his own design.

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Ascension expands services throughout Michigan, other states

As Ascension Michigan continues to reorganize its operations and rebrand its 15 hospitals, the Roman Catholic system has fully integrated its home health, infusion and hospice operations into Ascension at Home, a seven-state subsidiary of parent company Ascension Health.

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Biogen sees positive results in Alzheimer’s trial, shares

Biogen Inc. shares surged more than 18% Friday after the biotechnology company and Tokyo-based Eisai Co. Ltd. announced positive results from a mid-stage trial of a treatment for Alzheimer’s disease.

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Alzheimer’s Association should see healthy amount of proposed $401 million funding increase

The Alzheimer’s Association, its advocacy arm the Alzheimer’s Impact Movement and its nationwide network of advocates are celebrating another proposed funding increase for Alzheimer’s and dementia research at the National Institutes of Health.

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Feds push for long sentence in case on American Senior Communities former CEO

U.S. Attorney Josh Minkler is recommending that James Burkhart be sentenced to 151 months in prison for his role in running more than two dozen fraud schemes and kickback arrangements that prosecutors say reaped nearly $20 million. 

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Maine votes to fund nursing homes

The state Legislature enacted on June 20 a bill sponsored by Senate Democratic Leader Troy Jackson of Allagash to fund Maine’s nursing homes, part of a $41 million spending package.

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