[Update] Post-Acute Providers Applaud Historic Medicare Payment Fix

Skilled nursing operators and other post-acute providers can look forward to more stable reimbursements in the future, thanks to the historic passage of a bill to change how Medicare sets payment rates. The Senate approved H.R. 2, the Medicare Access and CHIP Reauthorization Act (MACRA,) late Tuesday in a 92-8 vote, and President Barack Obama […]

10 Most Expensive Places for Assisted Living in 2015

With the cost of assisted living care increasing dramatically on a national basis, this senior living option remains most expensive in Washington, D.C., according to the 12th annual Cost of Care Survey from Genworth. “The survey shows a dramatic increase in facility based care, including assisted living and nursing home facilities, while the cost to […]

Must Reads: Keys to Ventas’ Success, Google ‘Ventures’ into Anti-Aging Tech

Diversified Business Model is Key to Success — For large-cap real estate investment trust (REIT) Ventas, Inc., success flows from having a diverse capital stack and a variety of products in different geographies, Chairman and CEO Debra Cafaro said at the recent Citi Global CEO Property Conference. The company’s experience with various types of deals […]

Providers Blast Changes to Nursing Home Quality Ratings

A huge number of skilled nursing facilities will have their reputations unfairly jeopardized and consumers likely will be confused by new changes in the government’s quality rating system for nursing homes, provider associations argued today after the controversial reforms officially were announced. Since 2008, the federal government has rated SNF quality using a five-star system, […]

Indiana Lawmakers, Developers Clash Over Potential SNF Moratorium

Concerned that the building boom of new skilled nursing facilities (SNFs) in Indiana is costing the state millions, lawmakers and some nursing home industry advocates are once again pushing for a moratorium on new construction for these properties in 2015, reports Indianapolis Business Journal. However, some SNF developers and others in the construction industry strongly […]

Today Show: Not Your Grandmother’s Long-Term Care

Nearly 70% of Americans will need some form of long-term care, but changes in the way care is delivered and the increasing costs to provide it certainly presents some challenges, according to a recent segment of the Today show. Chatting with Today financial editor Jean Chatzky and Carol Levine, author of “Planning Long-term Care for […]

NPR: Nursing Homes Rarely Penalized for Too Much Drug Use

Despite national campaigns spearheaded by the U.S. government to reduce the use of antipsychotic medications in nursing homes, many states are rarely penalized for over-sedating their residents, according to a recent NPR report. While antipsychotic drugs have been proven to help people with mental illnesses like schizophrenia and bipolar disorder, they can be potentially lethal […]

California Deemed Inadequate in Investigating 11,000 Nursing Home Complaints

California’s Department of Public Health has failed to effectively investigate nursing home complaints, according to a state audit that notes there are 11,000 unresolved complaints and reported incidents in its system. What’s more, many of these complaints and incidents have remained open for nearly a year on average, with the average number of days open ranging […]

Extendicare to Pay $38 Million in Largest Failure-of-Care Settlement in DOJ History

Extendicare Health Services Inc., which operates 146 skilled nursing facilities in 11 states, has agreed to pay $38 million to settle claims that it billed Medicare and Medicaid for “substandard” nursing services, the Department of Justice (DOJ) announced late last week.  Extendicare and its subsidiary Progressive Step Corporation (ProStep) allegedly billed the federal government for […]