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Financial, medical data may carry SNFs into a brighter future

September 21, 2018  |  I Advance Senior Care
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“The marriage between clinical and financial data, I think, will be important with whatever the next payment model looks like,” Vincent Fedele, director of analytics at the New Jersey-based consulting firm, said.

Experts expect slow occupancy rates in skilled nursing facilities

September 18, 2018  |  I Advance Senior Care
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“I think we’re probably at around the trough,” Sabra Health Care REIT (Nasdaq: SBRA) chief investment officer Talya Nevo-Hacohen said during the Senior Housing News Summit in Los Angeles.

Nursing homes residents, staff face tough decision with hurricane

September 14, 2018  |  I Advance Senior Care
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At Trinity Grove, a 100-bed skilled nursing facility in Wilmington, North Carolina, residents will be riding out Hurricane Florence — despite widespread evacuations triggered by the Category 3 storm, which could potentially deliver a historic blow to the...

Skilled nursing occupancy hits new record low

September 13, 2018  |  I Advance Senior Care
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Back in March, NIC reported a record-low occupancy figure of 81.6% for the first quarter of 2018; the data generally cannot be compared release to release due to changes in the exact groupings of facilities that submit data to NIC.

Nursing home employees allegedly scam resident out of $600k

September 10, 2018  |  I Advance Senior Care
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She trusted the workers at her nursing home to help her, but her Public Guardian says some just helped themselves to her money.

Short-term care finds role fuzzy with regards to skilled nursing facilities

August 31, 2018  |  I Advance Senior Care
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The shifting tectonic plates in the skilled nursing landscape include a focus on value and a new payment system that puts the focus on medically complex patients and specialties. 

ProMedica's credit takes hit in wake of mega deal

August 17, 2018  |  I Advance Senior Care
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After warning last month that a credit downgrade was likely, Standard & Poor’s this week lowered its long-term credit rating for non-profit health care provider ProMedica by multiple levels.

Skilled nursing facility industry's future lies in local growth, expert says

August 16, 2018  |  I Advance Senior Care
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If there’s been one recurring theme in the skilled nursing industry over the last few years, it’s distress, with dropping national occupancy stats and new payment models changing the way providers deliver post-acute care.

Americans ill-equipped to pay for long-term care, survey shows

August 15, 2018  |  I Advance Senior Care
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Moll Law Group  surveyed 2,000 people to see how prepared they are for the realities and costs of long-term care.

IRS proposes limit to tax benefit that includes skilled nursing, assisted living facility owners

August 15, 2018  |  I Advance Senior Care
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The draft rule has drawn criticism from the American Health Care Association/National Center for Assisted Living (AHCA/NCAL).

CVS long-term care posts Q2 loss

August 10, 2018  |  I Advance Senior Care
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CVS Health Corp. posted a $2.6 billion net loss in the second quarter after a one-time $3.9 billion charge related to its long-term care business, the company said today in a financial report.

Attis Industries acquires Quality Rx

August 10, 2018  |  I Advance Senior Care
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Attis currently offers blood and toxicology panel, molecular diagnostic, and pharmacogenetic testing services for over 200 physician clinics, long-term care facilities, hospitals, and laboratories located from California to Florida. 

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