A former nursing home business office manager in Michigan has pleaded guilty to embezzling more than $460,000 from residents.
Muppet theory can change the way we view business, and today is brought to you by the letters L, T and C.
The number of both nursing home beds and nursing home residents in the United States declined between 1999 and 2004, according to the recently released results of the National Nursing Home Survey: 2004 Overview.
Senior living executives at a recent gathering of the Assisted Living Federation of America expressed their confidence in the strength of the industry, despite the current economic hardships facing other business sectors.
Nursing home operators may be lamenting the government's proposed Medicare payment cuts, but the stock market has reacted differently. Shares of several publicly traded long-term care chains spiked Monday, according to a recent market analysis.
A new study finds that difficult economic conditions are restricting nursing homes' access to capital. As a result, facilities are renegotiating supplier contracts, freezing jobs and holding off on wage increases, and delaying infrastructure projects.
After hitting record prices in 2007, the average price paid per bed for skilled nursing facilities fell by 18% to $45,500 in 2008, a new report by Irving Levin Associates Inc. found.
Despite the general economic gloom at the end of 2008, Kindred Healthcare Inc. ended the year strong. Net income rose by 30% in the fourth quarter compared with the same quarter a year earlier.
Senate leaders have scheduled a vote on the economic stimulus package today. It follows weeks of hard-fought negotiations and compromises between the parties.
Loan performance and capitalization rates in the senior housing sector are beginning to feel the pinch of the nation's credit crunch, according to a new market analysis released Tuesday by the National Investment Center for the Seniors Housing & Care Industry (NIC).
Expanding its labor pool and accessing capital to fund construction projects are two ways the long-term care field can stimulate U.S. economic recovery, the American Health Care Association and the Alliance for Quality Nursing Home Care said Thursday.
Business leaders around the country are engaged in silent combat against a bill that would make it easier for workers to organize.
Erickson Retirement Communities, a major developer of continuing care retirement communities, will eliminate more than 250 full- and part-time positions in reaction to turmoil in the financial markets, the company said Thursday.
John Erickson, founder of Erickson Retirement Communities, a major senior living company, has stepped down from his post as the company's CEO, effective immediately.
Sunrise Senior Living Inc. took some defensive action to avert a potential takeover after its stock hit a new low this week, plummeting to $0.38 per share, a news report said.
Sunrise Senior Living Inc., the largest assisted living chain in the United States, lost nearly $69 million in the third quarter of 2008. That reportedly is the company's worst loss in eight years.
A new survey of healthcare leaders finds that almost all feel the current healthcare payment system is fundamentally flawed and must be reformed. An overwhelming majority favor bonuses for high-quality outcomes and more efficient care.
Kindred Healthcare Inc. widened its loss in the third quarter to $21 million or $0.56 per share, while revenues grew by a slight 1%.
Hospitals that serve large groups of the elderly, poor, African-American or female patients tend to be ranked lower than hospitals with healthier, younger clientele under the Medicare pay-for-performance program, according to new research from the Duke Clinical Research Institute.
Times are tough economically, but they're not impossible, said Larry Minnix, president and CEO of the American Association of Homes and Services for the Aging, in an interview with McKnight's on Monday.
Golden Living should be synonymous with quality care, Dr. Neil Kurtz, the new CEO and president of Golden Living, told McKnight's this week.
The controversial $700 billion bailout plan signed by the president last week is likely to have a positive effect on long-term care housing, according to an expert from the American Association of Homes and Services for the Aging.
U.S. Reps. Pete Stark (D-CA) and Jan Schakowsky (D-IL) recently introduced a new version of the Nursing Home Transparency and Quality of Care Act of 2008 to the House.
A new survey of state officials shows that increasing budget pressures could lead states to start clicking down their Medicaid programs. Most have resisted cuts thus far, but the odds of that continuing are becoming less and less likely, according to a report by the Kaiser Commission on Medicaid and the Uninsured.
Seniors in more impoverished areas of the country are significantly more likely to die after surgery than their wealthier neighbors, according to recent research.
Congress was attempting to hammer out an agreement Wednesday on a $700 bailout package for the unstable financial sector. Such action is good news for long-term care and seniors' retirement accounts, according to Bruce Yarwood, president of the American Health Care Association.
Both employers and employees are paying more for healthcare, according to several recent surveys chronicling the rise and fall of employer-sponsored healthcare rates and premiums over the last year.
The seniors housing and care sector has made noticeable progress towards developing transparent data, but it still lags behind other real estate classes, according to one of the nation's most renowned real estate experts.
The average skilled nursing occupancy rate held steady, while rates for assisted living and independent living fell noticeably. That is according to the National Investment Center for the Seniors Housing and Care Industry's Market Area Profiles (NIC MAP) statistics released Thursday.
A year after a news report uncovered resident care and ownership problems at privately held nursing homes, a new report from Harvard Medical School finds the opposite: Quality at nursing homes does not suffer, and, in certain cases, may even improve under private-equity ownership.