As healthcare reform begins to take effect, many care providers—including those in the senior care industry—are looking for innovative ways to improve care quality and reduce costs by coordinating care, but if Medicare payments remain unstable, it could prevent those efforts, according to post-acute care provider Kindred Healthcare at a recent Senate Finance Committee hearing held [...]
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 [...]
Construction: Planned Eastern Consolidated is marketing a 51.65-acre fully entitled development site in Brookhaven Long Island for $15 million, reports the National Real Estate Investor. The site includes approved plans for constructing a 408-unit senior housing project, Heritage Square Housing Development. The development plans feature a 392,400-square-foot residential building and a 20,000-square-foot building earmarked for [...]
One of the latest innovations in affordable senior housing made its grand debut on Tuesday, May 22 when the first MEDCottage unit was placed in a Virginia family’s backyard. “Today, as 78 million baby boomers prepare for their senior years—potentially straining nursing homes and government-funded healthcare programs—we’ve taken a significant step forward in redefining the role [...]
Home health care fraud has made national headlines recently with multi-million-dollar fraud busts having taken place in Dallas and the Miami area in the past several months. A hearing held in late April before the Senate Finance Committee addressed the issue and brought a new—albeit old—potential solution to light. While many proposals have been made [...]
As America’s older population grows, so does the demand for affordable senior housing—especially following the economic downturn. Considering nonprofit providers’ need to access capital at a reasonable cost in order to supply an increasingly necessary commodity, Lancaster Pollard recently updated its “Financing Options for Nonprofit Senior Living Organizations” guide. The guide is meant to “demystify” [...]
Several governments in countries around the world are experimenting with mobile healthcare technology, including remote monitoring for seniors, but a new study found that among older patients, telemonitoring did not result in fewer hospitalizations or emergency department visits. In fact, the study showed that seniors in the telemonitoring group actually had a higher mortality rate [...]
Here’s a list of possible turnaround opportunities for senior care facilities, ranging from troubled facilities that have lost or may lose 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. This edition also includes five facilities in one Wisconsin county [...]
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. From Knoxville News Sentinel—Hillcrest [...]
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 [...]
