The Centers for Medicare and Medicaid Services’ (CMS) proposed changes to the home health prospective payment system (HH PPS) would lead to negative Medicare financial margins for more than half of all home health agencies, according to National Association for Home Care & Hospice’s (NAHC) analysis of data in the proposal. CMS released its proposed rules […]
Category: Data
Less than 40% of older Americans with moderate to severe disabilities reside in a nursing home, with most choosing to receive care in their homes or communities, says new data analyzed by Avalere Health LLC for The SCAN Foundation. In 2006, only 38% of older Americans with disabilities chose to receive care in nursing homes, […]
Moody’s Investors Service has confirmed its negative rating outlook for the not-for-profit healthcare sector thanks to new medians data from fiscal year 2010, which further illustrate the challenges facing the sector, says Moody’s in a new report. Continuing high unemployment rates, uncertainty about healthcare reform, and upcoming Medicare cuts support Moody’s negative outlook, says the […]
Home care is more affordable that many realize, as 49% overestimated the cost by more than $6 an hour, a recent Home Instead Senior Care poll shows. Around 73% of surveyed seniors and their families who receive paid home care found it to be at a good value and were satisfied with their care; the […]
There are signs of stronger demand for senior rental housing, reports U.S. News, evidenced by increased rental rates at high-end senior housing complexes during the last quarter. Additionally, the value of housing complexes is going up, and may point to upcoming rental unit additions. The housing bust slowed down what had been a nationally expanding senior […]
LTC Properties, Inc. (NYSE:LTC) experienced a 46.8% increase in net income available to stockholders in the second quarter to $11.3 million and $0.37 per diluted share, compared to the second quarter of the previous year’s $7.7 million and $0.33 per diluted share, meeting analysts’ expectations. Total revenues rose 18.2% to $21.2 million in the second […]
Brookdale Senior Living, Inc. (NYSE:BKD) experienced a substantial net loss in the second quarter of more than 250%, which its CEO attributed to the poor economic climate and the recently announced reductions in Medicare reimbursement. Brookdale lost nearly $34 million in the second quarter ending on June 30, 2011, more than triple the amount lost […]
The Centers for Medicare and Medicaid Services (CMS) recently released the National Health Expenditures spending projections through the next decade, with national health spending expected to reach $4.6 trillion by 2020 due to an aging population. The government-sponsored share of health spending is expected to increase from 45% to nearly 50% by that time. The aging […]
Ventas,Inc.’s (NYSE:VTR) profit plummeted more than 66% for the second quarter, after spending billions of dollars on real estate investments in the first six months of 2011. “Year-to-date 2011 has been outstanding, as we completed $11 billion of high-quality acquisitions while simultaneously improving our balance sheet and credit profile and delivering excellent results to our […]
Net income for Sunrise Senior Living, Inc. (NYSE:SRZ) tanked to $1.8 million, and $0.02 per diluted share, for the quarter ending on June 30, 2011. This is 96% lower than the previous year’s $46.3 million, and $0.81 per diluted share, and reflects the affect the housing bust had on the company. Revenue also decreased to […]