Oak Grove Capital has arranged for an $8.9 million bridge loan to facilitate the acquisition of Hugh Chatham Nursing Center, a 127-bed skilled nursing and assisted living facility in Elkin, NC, the company...
Lawmakers go to bat for providers over backlogged Medicare appeals
By
James M. Berklan
May 22, 2014
Angry lawmakers ripped an overwhelmed Medicare appeals process that has wilted under a tenfold increase in audits recently. Federal officials from two key agencies agreed that the Medicare’s Recovery...
Intel-GE Care Innovations and iHealth Lab partner
May 21, 2014
Intel-GE Care Innovations and iHealth Lab Inc. have announced plans to integrate iHealth vital sign monitoring products into the Care Innovations™ Connect Platform for remote care management.
Also in the news for May 19, 2014 . . .
May 19, 2014
Blogger accused of sneaking into nursing home, snapping pics of U.S. Senator’s wife … Antipsychotics linked to more rapid ADL decline in women … diuretics tied to acute kidney injury...
Fraudsters admit they bought nursing home drugs as part of $60 million scheme, feds announce
By
Tim Mullaney
May 16, 2014
A husband and wife have pleaded guilty to masterminding a sprawling drug diversion scheme that involved reselling nursing home medications, according to federal and state authorities.
Nursing homes suffering from reimbursement shifts to home care, market analysis finds
By
Tim Mullaney
May 14, 2014
Reimbursement is shifting to home health, hurting the finances of skilled nursing facilities, a newly released market analysis states.
Federal law does not allow former nursing home resident to sue over involuntary discharge, court rules
By
Tim Mullaney
May 14, 2014
A woman involuntarily discharged from an Illinois nursing home does not have the right to file suit under the federal law regulating Medicaid providers, a federal court ruled Monday.
Federal court rules $1 billion nursing home case can proceed, ties alleged poor management to IL gubernatorial...
By
Tim Mullaney
May 09, 2014
A legal case involving $1 billion in wrongful death and other judgments against a bankrupt nursing home company can proceed, a federal court has ruled. The matter involves private equity firm GTCR, which...
Long-term care was the strongest healthcare sector for mergers and acquisitions last year, analysis shows
By
Tim Mullaney
May 09, 2014
Long-term care was the only healthcare sector to experience an increase in mergers and acquisitions last year, according to a new analysis from business intelligence firm Irving Levin Associates Inc.
Infection management strategies can reduce hospital readmissions, experts say
By
Elizabeth Newman
May 05, 2014
Long-term care facilities with an outbreak of influenza-like illnesses may want to consider running viral panels, as well as increase measures to prevent and treat pneumonia promptly, two infection control...