Category: Medicare and Medicaid

Jefferies: Doc Fix Delay a Godsend for Healthcare REITs, SNFs

The so-called “doc fix” bill passed by Congress on Monday represents a “win” for healthcare providers with meaningful exposure to medicare, especially real estate investment trusts (REITs) and skilled nursing facilities (SNFs), suggests a recent Jefferies LLC report. The “doc fix” is a temporary solution to curb Medicare spending on physician services under the Sustainable… Read More »

CMS: CCRCs Count as Community-Based Care Settings

In updating guidance from a final rule published in January, the Centers for Medicare & Medicaid Services rule that continuing care retirement communities (CCRCs) do count as community-based care settings. Unlike more institutionalized settings such as nursing homes, CCRCs do not raise the same concerns regarding isolation, particularly since CCRCs “typically include residents who live… Read More »

Five Reasons Healthcare Reform Can't Ignore Assisted Living

Five Reasons Healthcare Reform Can’t Ignore Assisted Living

Assisted living hasn’t been a major focus of healthcare reform and how it fits into the nation’s healthcare system, but industry stakeholders say that doesn’t mean it won’t be impacted. Healthcare reform is poised to make a splash in the assisted living world for a number of reasons, including more acute care knowledge of what… Read More »

MedPAC Calls for 4% SNF Medicare Cuts, Home Health Incentives

As Medicare margins continue their double-digit residency for skilled nursing facilities (SNFs), the Medicare Payment Advisory Commission (MedPAC) is recommending that Congress mandate a 4% payment reduction to providers starting in 2015, among other policy changes within the post-acute care space.  Despite recent reductions to SNF payments, Medicare margins remained high in 2012 at 13.8%, according… Read More »

19 Properties in Calif. Senior Care Chain File for Bankruptcy

Financial pressures and burdens stemming from multiple pending class action lawsuits have forced 19 affiliated senior care entities in California to each file for Chapter 11 bankruptcy protection. Country Villa Service Corp. manages 19 entities that provide assisted living, skilled nursing, rehabilitation, and other health-care related services. Despite each entity filing separately, they essentially operate… Read More »

Proposed Legislation Protects Medicare Providers Against Lawsuits

A bipartisan bill introduced by two members of the House of Representatives seeks to reduce malpractice risk against Medicare and Medicaid providers—a move that intends to lower healthcare costs  and improve patient care. H.R. 4106, colloquially known as the “Saving Lives, Saving Costs Act,” is a joint effort between Reps. Andy Barr (R-KY) and Ami… Read More »

SNH REIT to Sell 9 Senior Living Properties, Lower Medicaid Exposure

Senior Housing Properties Trust (NYSE:SNH) is trying to sell nine senior living communities in an ongoing effort to limit the REIT’s exposure to Medicaid and Medicare reimbursement exposure.  The portfolio that SNH is looking to divest has 708 units, and a majority of the combined revenues the communities generate come from government-funded programs, the REIT… Read More »

U.S. News Ranks Best Nursing Homes of 2014

U.S. News Ranks Best Nursing Homes of 2014

U.S. News & World Report on Wednesday released its annual Best Nursing Homes 2014 list, which highlights the top nursing homes in every state and encompasses nearly 100 major metropolitan areas. Around 25% of nursing homes considered for 2014′s list achieved a five-star rating, the highest given through the Centers for Medicare & Medicaid Services’ Nursing Home… Read More »

Senior Care Niches Top Private Equity Targets for 2014

Skilled nursing facilities and home healthcare are listed among the top areas for private equity investment in 2014 in a Beckers Hospital Review article on trends for 19 niche investment areas in the healthcare space. “While the overall volume of transactions in 2013 declined from 2012, there was significant growth in certain sub sectors of healthcare,” says… Read More »

New Players To Shake Up Senior Living Finance in 2014

New Players To Shake Up Senior Living Finance in 2014

New entrants into the senior housing space are creating acquisition and development financing opportunities, lenders say. Bill Kauffman, Managing Director of Oak Grove Capital’s senior housing division, has seen continued entrance of equity investors moving into the senior housing market and forming alliances with existing operators and a handful of new operators—moves that will create more… Read More »

Senior Living Provider OK’d for Paid Resident Referrals: OIG

A nonprofit senior living provider concerned about violating the Federal anti-kickback statute was green-lighted to compensate a placement agency in exchange for new resident referrals, said the Department of Health and Human Services Office of Inspector General in a recent advisory opinion. The unnamed provider requesting the advisory is a nonprofit corporation that owns and… Read More »