On Monday, the Centers for Medicare & Medicaid Services (CMS) issued guidance to ensure that nursing homes have safe re-opening plans as states prepare to relax lockdowns stemming from the coronavirus pandemic. The guidance includes benchmarks that may be adopted by independent living and assisted living communities transitioning from their own access restrictions. But it […]
Category: Covid-19
The Covid-19 pandemic has created new risks for providers of Medicare Advantage (MA) plans — but those plans are also proving their value and may still be a major future component of senior living. That’s the message from some of the most prominent players that have been pushing for increased MA integration in senior living […]
Senior living providers have responded to enormous challenges since the Covid-19 pandemic reached the United States in mid-March, but the hardest weeks might now lie ahead. “I do think that the next 30 days are going to be the most crucial time for our company,” Milo Pinkerton, founder and CEO of Heritage Senior Living, told […]
As more states are now mandating that assisted living facilities test either residents, staff or both for Covid-19, providers that have been asking for widespread testing for weeks are now faced with logistical challenges and unanswered questions. This highlights the need for best practices and guidelines if testing mandates are going to become more commonplace, […]
No other U.S. public finance sector has been hurt more by the Covid-19 pandemic than senior housing and care, according to Moody’s Investor Service. “While many hospitals, entities with bonds secured by taxes frozen during the economic shutdown, and other types of enterprises are seeing some pinch, no other sector has seen the singular confluence […]
The coronavirus pandemic is highlighting the need — and current lack — of middle-market senior housing, but Covid-19 may also be opening the door for investors and operators to meet growing demand for this product. Investor groups are studying the market landscape to determine how to crack the middle-market equation, and many see the easiest […]
The U.S. House of Representatives on Friday passed a $3 trillion package of Covid-19 relief measures, including a $200 billion fund to provide hazard pay for essential workers. “We are pleased to see a number of our priorities included in the bill’s provisions: among them, an additional $100 billion for the PHSSEF, a Heroes Fund […]
As with other publicly traded owners, The Pennant Group (Nasdaq: PNTG) has been under pressure from the coronavirus pandemic since mid-March. The Eagle, Idaho-based owner is now seeing an uptick in home health census this month, as well as stabilization in its senior housing occupancy, and believes these trends can continue throughout the second quarter, […]
For The Springs Living Founder and CEO Fee Stubblefield, dealing with Covid-19 has felt a little like piloting a commercial jet. “We were cruising along at 30,000 feet, and guess what, the air got contaminated and we had to shut off the engines,” Stubblefield said during a recent appearance on SHN’s Transform podcast series. “At […]
It’s been a little more than two months since Covid-19 turned the world on its head — but the senior living industry is already contemplating creative ways to change how buildings are designed, to cope with current and future challenges. In the short-term, providers have come up with ways to keep residents and staff safe […]