Benchmark Senior Living Gets $50 Million Investment for Recapitalization, Development Wellesley, Mass.-based Benchmark Senior Living has secured a $50 million investment from Och-Ziff Capital Management, according to CoStar.com, for the purpose of recapitalizing existing senior living assets and financing the development of new senior living communities in the New England and Mid-Atlantic regions. Cushman & […]
Category: Hospitals
As the Affordable Care Act implementation continues to take effect, hospitals across the nation must either reduce their readmissions or pay the price for not doing so—but not many have been significantly successful so far, and a lot of that has to do with a lack of standardized procedures for care coordination, finds a study […]
More seniors are choosing to focus on dying comfortably rather than living as long as possible, and they’re using hospice services to do so—a trend that could be favorable for both senior living providers and hospitals as health care reform rules regarding hospital readmissions kick in. Hospice service providers everywhere are seeing growth, the Statesman […]
Reducing hospital admissions for elderly nursing home residents is a top priority in the healthcare industry considering the negative health effects that can accompany hospitalizations, along with the massive price tag they often bear, and a new program that’s in the works seeks to do just that. Unnecessary hospital admissions amount to more than $4 […]
A recent NBC News investigation looked into the costly world of “permanent” hospital patients: when hospitals are forced to keep patients for months—even years—because the patients have nowhere else to go. All of this happens at enormous costs to hospitals, costs that usually can’t be recouped because the patients have no way of paying for […]
Hospitalization of older people can lead to accelerated cognitive decline, according to new research published in the journal Neurology, and these findings reflect the need for and timeliness of recent announcements by the Center for Medicare & Medicaid Services (CMS) regarding initiatives aimed at reducing hospitalizations from skilled nursing facilities. Rates of cognitive decline after […]
The Centers for Medicare & Medicaid Services (CMS) announced 23 new participating organizations in its Community-based Care Transitions Program (CCTP) on Wednesday, March 14, at least three of which will be partnering with skilled nursing facilities. The program seeks to prevent hospital readmission for Medicare patients who are transitioning into post-care settings such as nursing […]
The U.S. Department of Housing and Urban Development announced the commitment to insure a $37.1 million mortgage for Knox Community Hospital in Mount Vernon, Ohio. The loan is made possible through the Federal Housing Administration’s Section 242 hospital mortgage insurance program. “By helping to make projects like this possible, FHA is not only improving the community’s […]
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 […]