Genesis Healthcare expects to see its annual operating costs reduced by $30 million under the newly implemented Patient Driven Payment Model, CEO George Hager Jr. said in November.
House subcommittee investigating CMS, nursing homes’ COVID-19 responses
By
Danielle Brown
Jun 17, 2020
The federal government and five of the largest nursing home operators are being targeted by a House panel in a newly launched investigation into the handling of the coronavirus crisis.
Also in the News for Tuesday, Nov. 17
Nov 17, 2020
SCAN Foundation honors four states for improving LTSS for seniors … Five Genesis nursing homes get new owners … Feds have ‘failed’ long-term care pharmacies during pandemic, group says … New...
Welltower expands LTC footprint with UK partnership
By
Danielle Brown
Feb 17, 2022
After exiting its relationship with U.S. long-term care giant Genesis HealthCare, Ohio-based real estate investment trust Welltower now plans to develop the “next generation” of care homes in the United...
Nursing home workers vote to strike over staffing, healthcare access
By
Danielle Brown
Jul 17, 2020
Hundreds of nursing home workers at three Rhode Island facilities have called for a strike in an effort to secure higher wages, better healthcare benefits and minimum staffing requirements.
Also in the News for Friday, Dec. 18
Dec 18, 2020
Nursing home, CCRC spending increased by 3.3% in 2019 … First U.S. nursing homes receive coronavirus vaccine; Genesis facility among the firsts … FDA panel endorses second coronavirus vaccine for emergency...
Also in the News for Friday, Sept. 25
By
Danielle Brown
Sep 25, 2020
Omega revises accounting method for operators Genesis, Signature citing ongoing concerns related to pandemic, expects change to cause $140M write down … NJ nursing home temporarily suspends services,...
Also in the News for Friday, Oct. 30
Oct 30, 2020
Welltower announces write-off for Genesis amid ‘going concern,’ reports occupancy drop for third quarter … National Guard being deployed to Indiana nursing homes next week, state announces additional...
Genesis meets goal of vaccinating entire staff, company says
By
Danielle Brown
Aug 30, 2021
The nation’s largest nursing home operator said it met its goal of having all staff vaccinated “as promised” by its first deadline under its new COVID-19 inoculation policy.
March Business briefs
Mar 04, 2020
LTC ACO, Genesis Healthcare’s accountable care organization, announced a partnership with skilled nursing, long-term and rehabilitation provider Senior Living Properties in late January.