CMS Bans Arbitration Agreements in Long-Term Care

In one fell swoop, the Centers for Medicare & Medicaid Services (CMS) has squashed the controversial use of pre-dispute arbitration agreements in long-term care. The move was announced Wednesday, when CMS issued a new final rule governing the nation’s long-term care facilities. The new rule, which marks the first comprehensive update CMS has made regarding […]

Why Senior Living Must Adapt to New Payment Programs

While the health system has been shifting away from its fee-for-service reimbursement model, alternative payment programs have accelerated coordination across the care spectrum, and senior living providers are becoming more involved. Bundled payment programs are among these new models that have been introduced over the past few years by the Centers for Medicare & Medicaid […]

CMS to Boost Skilled Nursing Payments by 2.1% in 2017

Skilled nursing facilities across the United States are expected to see Medicare reimbursements increase by 2.1% in 2017, or a total increase of $800 million from payments in 2016, under the proposed payment rate released by the Centers for Medicare and Medicaid Services Thursday.  The increase is based on a market basket increase of 2.6%, […]

New Payment Model Treats SNFs More Like Hospitals

As part of the ongoing effort to reduce hospitalizations of skilled nursing residents, some providers will be eligible for increased payments to beef up their services, the Centers for Medicare & Medicaid Services (CMS) has announced. Skilled nursing facilities participating in Phase Two of the Initiative to Reduce Preventable Hospitalizations will receive payments for multidisciplinary […]

Universal Long-Term Care Insurance Proposed by Financing Experts

There’s no doubt that long-term care financing poses serious challenges, and how to institute comprehensive reforms that expand services and make senior housing and other options more accessible is still up in the air. One group has set out to find those reforms and recently published its first consensus report with recommendations to shift financing […]

Erickson Living Touts Record Year, $565 Million Pipeline

Erickson Living is moving up the ranks of independent living providers, following a 2015 in which the company completed the construction of five new residential buildings and reduced hospital readmission rates for members of its integrated health plan. A Baltimore, Maryland-based developer and manager of continuing care retirement communities (CCRCs), Erickson Living on Wednesday revealed […]

White House: ‘Age Wave’ Can Make Country Stronger

The White House is pushing for more public and private sector collaboration to address the coming “age wave” that’s set to hit the senior living industry. That’s one idea recently released in the final report from the sixth Conference on Aging that was hosted by the White House in July. The aging conference has been conducted […]