In a nutshell, troubled long-term care operators seem to be encountering this scenario with managed care companies: initial romance, followed by heightened accountability and reduced payments.
I was hoping to get clear answers about the sector's future at the National Investment Center for the Seniors Housing & Care Industry's regional meeting last week in San Diego. I did, but I also must admit there were times when it was hard to give the various speakers the attention they deserved.
With credit from private lenders tight, nursing homes are increasingly turning to the federal government for mortgage loans, according to a Thursday article in the Wall Street Journal.
I recently had the good fortune of interviewing three of the industry's top association executives. If their collective advice could be distilled to a bumper sticker-sized message, here's how it would read: Change is here, deal with it.
The National Investment Center for the Seniors Housing & Care Industry has officially released the second edition of the "NIC Investment Guide."
Tom Scully wondered privately before his keynote address at a seniors housing and care conference last week why he was being asked to speak. Afterwards, long-term care executives in the audience were probably wondering the same thing.
If President Obama is re-elected in November, governors who have resisted implementing the Affordable Care Act's Medicaid expansion will likely change their tune, a former government official speculated last week.
Staffing has always been a major challenge in the seniors housing and care sector. And a new health insurance requirement scheduled to take effect in less than 16 months could worsen the problem.
Investment in seniors housing continues to grow, but operators need to be prepared for the expanding role of managed care and a move toward value-based reimbursement, experts cautioned Thursday at the National Investment Center for the Seniors Housing & Care Industry annual conference.
As states expand enrollment in managed care plans, operators should focus on quality improvement, according to panelists at a National Investment Center for the Seniors Housing and Care Industry session.
It's encouraging to see capital and new construction returning to the field. And it's a safe bet that both issues will be popular topics when the National Investment Center for the Seniors Housing & Care Industry holds its 22nd annual meeting in Chicago next month.
Several years ago I called some industry experts with a simple request. I asked if there was a place where I could find some basic benchmarks about industry spending. Didn't think I was looking for anything that was really off the wall, just run-of-the mill budgeting-type stuff.
Economic trends should give senior living operators reason for cautious optimism, according to a leading economist. That's because the economy's main driver - consumer spending - appears to be rebounding.
Market and policy changes will force skilled care operators to dramatically change their business practices, an industry analyst said Monday. Successful operators will need to demonstrate quality care, risk management expertise and an ability to find complementary partners, according to Dan Mendelson, Avalere Health's CEO.
The National Investment Center for the Seniors Housing & Care Industry is holding its tandem housing regional symposium and skilled nursing investment forum Sunday through Tuesday in Boca Raton, FL. Former Health and Human Services Secretary Gov. Tommy Thompson and Dr. Peter Morici, Professor of Business and Public Policy at the University of Maryland, lead the speaker slate. Investors and skilled nursing operators will be able to attend concurrent educational programs on hot issues of the day.
Underlying reasons for Thursday's record crowd at the annual meeting of the National Investment Center for the Seniors Housing & Care Industry are hard to discern, the group's president told McKnight's. More than 1,800 providers are attending the event, said NIC President Robert G. Kramer.
A new agreement between the National Investment Center for the Seniors Housing and Care Industry and Real Capital Analytics will bring better real estate-related data to operators, according to both partners. Under the agreement, NIC will provide RCA seniors housing information. For its part, RCA will enhance this data to provide jointly produced industry trend reports and analytics. "I'm excited about the collaboration and look forward to enhancing investor knowledge and understanding of the seniors housing industry and its potential," said Robert G. Kramer, NIC's president.
We might have just been subjected to the biggest dose of chutzpah seen in a long, long while. It smacked of the old image of the leering used-car salesman (sorry, used car sales people) rubbing his thumb and forefinger together to imply he could save YOU money.
Marketplace and policy changes will place unprecedented pressure on providers to diversify and expand how they do business, according to panelists at a skilled care program in Los Angeles.
A pair of investment and operations forums for long-term care operators and lenders will take place next week at the Hyatt Regency Century Plaza in Los Angeles. "New opportunities, new realities: What's in your playbook" is the title of the regional investment symposium being hosted Monday and Tuesday by the National Investment Center for the Seniors Housing & Care Industry (NIC). "The future of the skilled nursing sector: Strategies for survival & success in fiscal uncertainty" will piggyback Tuesday through Thursday as an investment forum centered on skilled nursing.
Talk about your good advertising for upcoming business meetings. Next week, the National Investment Center for the Seniors Housing and Care Industry is hosting its second annual spring meeting for skilled nurisng operators and a companion regional investors meeting in Los Angeles.
The National Investment Center for the Seniors Housing and Care Industry will open its 20th anniversary conference Wednesday night in Chicago. Considered the premier gathering of deal-making investors and seniors housing operators, the NIC meeting will run until noon Friday at the Sheraton Chicago Hotel & Towers.
Hundreds of long-term care operators will converge in San Diego next week to participate in the first ever National Skilled Nursing Investment Forum from Monday through Wednesday. Others also will be attending the accompanying annual NIC Regional Symposium, which runs from Wednesday through Friday, also at the Hilton San Diego Bayfront Hotel.
Construction activity in the seniors housing and care sector has slowed significantly over the last two years, due largely to the overall economic recession, according to a new report. "The 2009 Seniors Housing Construction Trends Report" was produced by the National Investment Center for the Seniors Housing and Care Industry (NIC) and the American Seniors Housing Association (ASHA).