April 01, 2018 - McKnight's Long Term Care News

Print Issue: April 01, 2018

CommuniCare buys 13 SNFs

Cincinnati-based CommuniCare Health Services has purchased 13 long-term care facilities previously managed by Atrium Centers. With the acquisition, the privately held company expands its holding to more than 80 facilities in seven Mideast and Atlantic states and employs more than 10,000. “It’s fufilling to be able to extend our reach,” said CommuniCare Executive Vice President…

Problems on multiple fronts contributed to the price drop.

SNF bed prices drop by 18%, as industry challenges mount

After setting records for five straight years, the average price per-bed for skilled nursing facilities plunged 18% in 2017, according to acquisition data published by Irving Levin Associates. The media company blamed the drop (to $81,350 per bed) on Medicare reimbursement cuts, reduced lengths of stay, rising labor costs and declines in occupancy. “Given the…

Report forecasts ‘bright future’ for SNFs

Despite falling occupancy and mounting Medicare payment pressures, a national consulting firm says providers are poised to benefit from the changing industry. “The Silver Tsunami and the increasing capabilities of SNFs suggest that the future will be bright for facilities that can provide high-quality, cost-efficient care,” Plante Moran said in its first “Make the Mark”…

ACOs save on backs of SNFs

Providers taking part in a Medicare experiment saved money by funneling care away from skilled nursing facilities and toward physician services, according to a new analysis.

Gov. John Bel Edwards

State News for April 2018

LOUISIANA 16,500 could be forced out of SNFs in funding fight About 60,000 elderly or disabled Medicaid recipients in Louisiana are being told they should expect to lose their benefits in July, and advocates say more than a quarter of them could be forced out of the long-term care facilities they call home. The notifications…

Next post in News