Some senior living providers considering adding home health branches may be forging enterprises ripe with labor issues, according to a recent study that revealed deep concerns over labor standards for home health care workers. While caregivers achieved a victory when the Department of Labor ruled this group of workers were entitled to overtime and minimum wage protections, […]
CMS
Amid recent reports of patient harm and a lack of oversight within nursing homes, a new law could start holding nursing homes more accountable for low quality ratings. The Nursing Home Accountability Act, sponsored by U.S. Rep. Mark Walker (R-NC), aims to cut nursing homes with the lowest scorers from Department of Housing and Urban […]
Several parties want the federal government to ban pre-dispute arbitration agreements in nursing home contracts, sparking pushback among those in the senior living industry who regard the documents as essential. The Centers for Medicare & Medicaid Services (CMS) is currently considering regulations on how arbitration agreements are presented to nursing home residents upon admission, but […]
After a year of record transaction volume across senior living, the “Big Three” senior housing REITs now are taking aim at a different asset class by allocating more resources through very different strategies. With chatter that blockbuster portfolio transactions in senior housing are harder to come by, HCP Inc. (NYSE: HCP), Welltower Inc. (NYSE: HCN) and Ventas […]
Providers that receive Medicare reimbursements for skilled nursing services will be seeing lower payment levels next year than the government initially proposed, due to updated economic data. For fiscal year 2016, total SNF payments will increase by an aggregate $430 million from 2015 levels, as opposed to the $500 million increase that the Centers for […]
Spending on continuing care retirement communities and nursing facilities is projected to accelerate in the next decade, hitting nearly $275 billion by 2024, according to data released this week. That amount represents consumers’ out-of-pocket spending as well as expenditures from private health insurance, Medicare, Medicaid, other insurance programs and other third-party payers. It was calculated […]
Big changes have swept the whole senior care industry since 1991, with leading providers innovating in nearly every aspect of operations. But one thing that has remained constant in the last 24 years now appears set to change: The requirements that skilled nursing facilities must meet to participate in Medicare and Medicaid. The Centers for […]
Fires in senior living apartments and communities have swept national headlines recently, detailing the destruction that these disasters can cause, and sparking conversations around fire safety — particularly as it relates to buildings’ construction. In a suburb of San Antonio, Texas, five people died and 10 were injured late last year after a three-alarm fire […]
Long-term care facilities participating in Medicare and Medicaid may soon be required to recognize the rights of same-sex spouses regardless if their state has validated the marriage, according to a recently proposed rule by the Centers for Medicare & Medicaid Services (CMS). “These revisions would promote equality and ensure the recognition of the validity of same-sex […]
The Centers for Medicare & Medicaid Services (CMS) proposed a new rule Monday that aims to improve incentives to participate in Accountable Care Organizations (ACOs). The changes would update and improve policies governing the Medicare Shared Savings Program (Shared Savings Program) by targeting several program areas including beneficiary assignment, data sharing, available risk models, eligibility requirements, participation […]
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