Earlier this week I landed in the hospital, a story filled with highs and lows that I won't bore you with. But I did want to share what I learned about a topic near and dear to the hearts of long-term care operators. It's probably not what you're thinking.
Transactions within the senior care industry are at an all-time high. There are many different buyer profiles looking to invest and each one has a different method for measuring ROI.
In today's challenging business environment where providers are expected to do more with less, it's the ideal time to evaluate all of your major cost centers. In the non-payroll category, two of the biggest areas of opportunity are in food and medical supplies. To that end, there are a number of things to be considered when looking for ways to save money for your organization.
Joe Siciliano has joined Managed Health Care Associates in New Jersey as the company's Vice President of Business Products and Services.
Post Acute Partners, a long-term care owner/operator based in New York City, has acquired ElderWood SeniorCare for $141.5 million.
Group purchasing organizations are making costs lower for long-term care operators and other healthcare providers, asserts a recent report from the Healthcare Group Purchasing Industry Initiative (HGPII).
Long-term care facilities should prepare to pay more for food in 2013, with prices going up as much as 4%, according to a prominent industry voice.
Kairos Health Systems — a leading group purchasing organization to the non-profit senior housing sector — has signed a preferred partnership agreement with Remedi SeniorCare. Under the deal, Remedi will provide comprehensive pharmacy and consulting services. Kairos has more than 150 participating facilities, which deliver long-term care to more than 14,000 residents throughout Delaware, Maryland and Pennsylvania. "We completed a thorough evaluation of the valued benefits that providers currently receive through their partnership with Remedi, and what we discovered were impressive processes, excellent customer satisfaction and successful outcomes in the areas that matter most to our providers," said Kairos President and CEO Jennifer Wimer.