Brookdale Senior Living (NYSE: BKD) is still feeling the heat from new competition—but its outlook isn’t all bad. The Brentwood, Tennessee-based senior living provider held its second-quarter 2017 earnings call the day after a report surfaced that its potential acquisition by Beijing-based real estate and leisure firm Zhonghong Zhuoye Group Co Ltd had been put […]
CMS
A flurry of news has come out of the nation’s capital this week with implications—some positive, some less so—for the senior housing industry. Specifically, a U.S. Senator pushed to kill the EB-5 visa program, which is utilized by some senior housing developers. Also, the Centers for Medicare & Medicaid Services (CMS) pushed back the compliance […]
Happy Monday! It’s a busy time in the senior housing industry as public companies begin to share their latest financial results. It’s also a busy time in “funny hat” news, due in part to one half of an athletic elderly couple. Here’s what you may have missed last week: HCP Inc. (NYSE: HCP) is on […]
What a difference a weekend makes. On Friday, The Ensign Group (Nasdaq: ENSG) shares were down 6.12% at market close, after a new skilled nursing facility (SNF) payment system was floated by the Centers for Medicare & Medicaid Services (CMS). On Monday, shares were up 7.30% as of mid-afternoon, following a strong quarterly earnings announcement, […]
Already embattled, publicly traded skilled nursing providers and real estate investment trusts (REITs) had an especially tough day on Friday. Shares were down across the sector on the heels of the Centers for Medicare & Medicaid Services (CMS) revealing details of a possible overhaul to the payment system for skilled nursing facilities (SNFs). The current […]
Senior living providers with home health care branches are about to see major changes to how these service lines qualify to participate in Medicare and Medicaid. The Centers for Medicare & Medicaid Services (CMS) has issued its final rule outlining the Medicare and Medicaid Conditions of Participation (CoP) for home health agencies. Prior to the new […]
Some of the sickest—and most costly—residents in senior care settings are the focus of a new type of accountable care organization (ACO). A new ACO is in the works for dual-eligible Medicaid-Medicare beneficiaries, the Centers for Medicare & Medicaid Services (CMS) announced Thursday. These beneficiaries—who typically are very frail, sick, and old—account for a disproportionate […]
The majority of high-quality nursing homes can be found in California, Ohio, and Florida, while the greatest percentages of the best nursing homes are located in Washington, D.C., Colorado, and Delaware, according to rankings from U.S. News & World Report. More than 2,000 nursing homes earned the distinction of a U.S. News & World Report […]
Medicare-certified long-term care providers can continue to use arbitration agreements for the moment, thanks to a federal court ruling. Residents who sign arbitration agreements when they are admitted to skilled nursing facilities (SNFs) waive their right to use the court system in the event a dispute arises, and instead go through private arbitration. Consumer advocacy […]
Skilled nursing providers concerned over the federal government’s ban on arbitration agreements now have at least one reason for hope. A newly filed lawsuit seeks to overturn the ban and asks a judge to delay enforcement pending the outcome of the case. The Centers for Medicare & Medicaid Services (CMS) overstepped its authority in banning […]
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