Finance

Calif. hospice files for Chapter 11, Scripps Health steps in

A San Diego hospice company files for bankruptcy protection amid federal investigations, while Scripps Health steps in to cover hospice needs in the region. Read More »

AL salary report shows investments in memory care, proactive wellness

The annual assisted living salary report is out: Find out which positions and regions pay the most—and which staff positions are garnering new attention this year. Read More »

Snowbirds in Florida

In this blog, Pamela Tabar recounts her two-week visit with a group of septuagenarians, and how snowbirding seniors can teach us a lot about the high-tech, high-service expectations senior living organizations are going to have to meet--starting now. Read More »

Hospice accused of detaining, billing patients who were not terminally ill

A Florida hospice becomes the latest whistleblower lawsuit targeted by the Department of Justice’s Medicare fraud squad. Read More »

3 ways to measure marketing tactic effectiveness

Which marketing tactics are working best for your facility? Direct referrals aren't the only way to measure the worth of your marketing strategies. Read More »

Long-term care insurance rates become gender based

Because of the stronger likelihood that more women will access benefits than men, long-term care insurance providers are rethinking their policy premiums. Read More »

Market growth drives senior housing in 2013

The long-term care market is poised for growth in 2013 after the industry experienced a significant increase in mergers and acquisitions activity, refinancings and development projects over the last couple of years. To access capital that is increasingly available, borrowers should review their funding options and do their homework about specific lenders before submitting a financing request. Read More »

A waiting game for Medicaid reimbursements in Illinois

A prolonged wait for state Medicaid reimbursement can place a long-term care organization in financial jeopardy. Read More »

5 tips for increasing LTC resident pay and reducing collections

As the resident pay portion in long-term care has increased over the last several years, many facilities are finding it difficult to collect the resident’s entire portion when the resident doesn't have the resources to pay all at once. Here are five key tips for increasing the collection of the resident pay portion, thus reducing the account receivables that end up in collections. Read More »

One-on-one with … Sharon Yester

Sharon Yester, chief asset management officer for CNL Financial Group, the investment management firm of CNL Healthcare, spoke with Long-Term Living on emerging senior housing markets, finding good operators to partner with and meeting the exploding demand for memory care products. Read More »

Genesis HealthCare buys Sun Healthcare Group

One of long-term care's largest skilled nursing companies just got bigger, as Pennsylvania-based Genesis HealthCare adds to its service lines in a $215 million deal. Read More »

Short-term rehab soars to No. 1 service in SNFs

Still think the majority of residents at skilled nursing facilities (SNFs) are grannies? Not anymore. Check out the fastest-growing demographic in today’s LTC market. Read More »

Senior care planning takes a woman’s touch, men better at LTC’s financial aspects

When it comes to long-term care planning, it takes a village—or at least the input of both men and women. Read More »

Brookdale mulls restructuring options amid Medicare reductions

Brookdale Senior Living is considering several financial options to refit its operations in an era of Medicare reductions, announced Brookdale's CFO and co-president Mark Ohlendorf today at the Stephens Fall Investment Conference. Read More »

2012 LTC rate report: Nursing homes reach $90k, market ripe for adult day services

Skilled nursing facility private room rates rose by 3.8 percent compared to last year, reaching a national average of $90,520 per year. But two sectors of long-term care had no cost increases at all, according to the annual survey from MetLife Mature Market. Read More »

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 »