The adult son of a former nursing home resident has been determined responsible for paying his mother’s $93,000 bill by a Pennsylvania appeals court, reports Forbes, and this might be the beginning of a new trend. Pennsylvania is one of 30 states that have filial responsibility statutes—laws that impose a duty on adult children to [...]
One of the most common and longstanding—but also preventable—practices causing serious harm to nursing home residents is overusing antipsychotic drugs, according to testimony during a Senate Aging Committee hearing last week, reports Forbes. It’s common for these drugs to be used “off-label”—meaning, not as they were intended to be used—and this can both harm patients [...]
Pharmaceutical company Omnicare, Inc. (NYSE:OCR), the nation’s largest pharmacy for long-term care facilities, must pay the U.S. government $50 million in a settlement over complaints it dispensed painkillers to nursing homes and other senior care facilities across the country without proper prescriptions or authorization. The Covington, Ky.-based company’s settlement with the Department of Justice is [...]
As assisted living regulations evolve and tighten, Medicare and Medicaid reimbursements fluctuate, and healthcare reform begins to take effect, many states are facing their own challenges as they continue to develop, operate, and implement new rules and programs. Here is a collection of long-term care related stories from across the nation that are worth reading. [...]
Here’s a list of possible turnaround opportunities for senior care facilities, ranging from troubled facilities that have lost Medicare/Medicaid licensing, to ones that have been shut down by the state, to places that plan to close their doors voluntarily for various reasons. 1. From Bangor Daily News (Maine)—Fight Brews Over DHHS Plan to Close Nursing [...]
A growing number of people are expected to end their lives in a nursing home, but there’s no way to measure which facilities offer the best end-of-life care—and that needs to change, according to researchers in a recently published article. The nursing home “report card” published by the Centers for Medicare and Medicaid Services (CMS) [...]
Here’s a list of possible turnaround opportunities for senior care facilities, ranging from troubled facilities that have lost Medicare/Medicaid licensing, to ones that have been shut down by the state, to places that plan to close their doors voluntarily for various reasons. From SCNow.com—Troubled S.C. Assisted Living Facility Closing Its Doors Place: Magnolia Gardens Assisted [...]
Ohio assisted living residents give their facilities a higher average satisfaction rating than do nursing home residents, according to the Ohio Department of Aging’s 2011 nursing home and residential care facility resident satisfaction surveys. Residents in Ohio nursing homes gave an overall satisfaction score of 87.1%, while individuals in assisted living facilities averaged a 92.33% [...]
On the Record: Steven Insoft, CFO & COO of Aviv REIT
While publicly traded healthcare real estate investment trusts (REITs) like HCP, Inc., Ventas, Inc., and Health Care REIT Inc. grab a lot of headlines, privately traded ones like Aviv REIT often seem to fly under the radar. But as Senior Housing News recently discovered after speaking with Aviv’s Steven Insoft, who holds dual roles of [...]
On the Record: Majd Alwan, Executive Director of LeadingAge CAST
With technological advancements tied so closely to the future of senior care, Senior Housing News recently interviewed Majd Alwan, Ph.D., the Senior Vice President of Technology and Executive Director of the Center for Aging Services Technologies (CAST) at LeadingAge, an association of not-for-profit, long-term care providers of senior services. At any given time, CAST is [...]
On the Record: Keith Reuben, EVP of Commercial & Specialty Lending at Capital One Bank
In the past 30 years, Capital One has transformed itself from “just” a credit card company into one of the U.S.’s top banks. And as part of its lending arm, Capital One Bank says it has a significant focus on its commercial and specialty finance business, which encompasses senior housing and care lending. Last Fall, [...]
On the Record: Adam Kane, SVP of Corporate Affairs at Erickson Living
In 2009, the company known as Erickson Retirement Communities, headquartered in Baltimore, Md., filed for Chapter 11 bankruptcy protection. In December of that year, Hanover, Md.-based Redwood Capital Investments LLC bought most of the bankrupt company’s assets for $365 million, out of which emerged Erickson Living. Senior Housing News recently caught up with Adam Kane, [...]
On the Record: David Reis, CEO of Senior Care Development
After seeing that Senior Care Development, LLC had placed a stalking-horse bid on the bankrupt Clare at Water Tower, in Chicago’s Gold Coast, Senior Housing News tracked down its chief executive officer David Reis for an exclusive interview. Reis has extensive experience in senior living development, and specializes in ground-up development of large-scale continuing care [...]
