Welltower dumping most Genesis HealthCare holdings in $880 million deal, strengthens ProMedica joint...
By
Danielle Brown
Mar 03, 2021
Welltower is cutting most ties with beleaguered Genesis HealthCare, the company announced late Tuesday.
McKnight’s unveils 2021 Women of Distinction Hall of Honor inductees
Feb 19, 2021
Nineteen women will be inducted into the McKnight’s Women of Distinction Hall of Honor as part of the program’s third annual class.
Industry may ‘never be the same’ without increases in Medicaid reimbursement, advisors warn
By
Danielle Brown
Feb 19, 2021
Increased state Medicaid reimbursement is necessary if providers ever hope to improve their financial and operational outlooks, a new analysis by advisory firm Marcum LLP suggests.
Investors’ lawsuit claiming CVS-Omnicare improprieties is dismissed
By
Danielle Brown
Feb 17, 2021
A federal class action lawsuit that alleged CVS Health Corp. misled shareholders about struggles within its long-term care pharmacy business after its acquisition of Omnicare has been dismissed. The complaint...
PDPM revenue, caring for COVID patients ‘significantly offsetting’ CareTrust’s decline in occupancy
By
Danielle Brown
Feb 12, 2021
The Patient-Driven Payment Model arrived not a moment too soon for CareTrust REIT’s skilled nursing operators.
SNF occupancy hits all-time low, managed Medicare rates also drop
By
Danielle Brown
Feb 11, 2021
Industry experts expect operators to continue experiencing revenue pressures throughout the winter months after skilled nursing occupancy hit and managed Medicare rates hit record lows.
95-year-old makes more than 3,000 masks for local nursing homes, community
By
Danielle Brown
Jan 26, 2021
When masks were hard to come by during the start of the pandemic, Ohio long-term care resident Miriam Looker channeled Rosie the Riveter and sprang into action to make masks for some relatives.
Also in the News for Thursday, Jan. 7
Jan 07, 2021
Record fraudster Esformes appealing $43 million in federal penalties stemming from conviction … $600K federal grant is aimed at helping nursing homes implement COVID-19 mitigation practices … NC officials...
CMS details 5 new scenarios that trigger infection control-focused surveys
By
Danielle Brown
Jan 06, 2021
Multiple weeks with new coronavirus cases or low staffing are among the additional scenarios that will trigger a focused infection control survey at a nursing home, the Centers for Medicare & Medicaid...
Genesis HealthCare looks toward pandemic recovery after CEO change
By
Danielle Brown
Jan 06, 2021
The new chief executive officer of post-acute care giant Genesis HealthCare is hoping to steer the company onto a steadier path after months of financial uncertainty caused by the pandemic.