As the financial crisis continue forward for all of America, a growing concern is the rise of financial trouble for seniors as the value of not only their homes decline but also their retirement savings being eroded by either the stock market or the need to spend those funds more quickly for day to day […]
Category: Nursing Homes
The Pennsylvania General Assembly recently passed a bill that establishes a separate category for assisted living facilities in the state separate from the current category that classifies them them same way as personal-care homes or personal care providers. Many states have already made this designation a part of their state law and others, such as […]
A national task force from the American Association of Homes and Services for the Aging (AAHSA) recently released a report that the current survey and certification processes used to evaluate long-term care facilities nationwide is broken and beyond repair. The task force concluded in its final report, “Broken and Beyond Repair: Recommendations to Reform the […]
HCP (NYSE:HCP) announced that it has placed $259 million of secured debt on 21 of its senior housing assets. The assets are cross-collateralized and the debt has a 7-year term with a fixed interest rate of 5.83%. Fannie Mae purchased the secured debt provided by Grandbridge Real Estate Capital LLC. HCP, Inc., an S&P 500 […]
More seniors are trying to stay at home, whether it’s an economic decision or an emotional decision, and trying to figure out how to use technology to make their stay at home more comfortable. Many people think that the use of technology for “aging services” is a costly indulgence. While the capital and upfront expenditures […]
As home health care agencies face increased wage costs and an extremely competitive job market for health care workers, the burden of meeting Medicare shortfalls is being passed along to local and state governments to fill the gap. Adding to the mix are increasing medical insurance costs and higher gas prices, these problems seem to […]
There is a looming epidemic on the horizon: an estimated 2.9 million people with intellectual or developmental disabilities or some significant functional limitation live with caregivers who are 55 or older. As these caregivers age, what happens to those who need care? More importantly what happens to those who gave care now need it themselves? […]
Last week the federal government released information on some of the most troubled nursing homes and this initiative could pave the way for further information to be provided to the public domain if Congress passes a bill that was introduced earlier this year. While many private operators publish data on quality of care, their offerings […]
Legislation was recently introduced into the Senate that end the ability for nursing home residents to waive their right to trials. Prior to admitting new patients, many nursing homes are having their clients sign arbitration agreements rather than allowing them to take their disputes to a court of law. The Fairness in Nursing Home Arbitration […]
A recent study by the San Francisco School of Nursing showed that a California law that raised the reimbursement for nursing home care from $124 per day in 2004 increased to $152 per day in 2006 but the quality of care stayed the same or decreased in some cases. The increase in revenues for the […]
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