McKnight’s 40 for 40: John Erickson
Many middle-class older adults living their golden years in socially engaging retirement communities arguably have one person to thank: John Erickson.
Continuing care retirement community
AHCA / NCAL, AMDA blast ‘short-sighted’ plans to discharge people with COVID-19 from hospitals to long-term care facilities
“The question all state officials must consider is whether the risk of introducing a virus with an estimated 30% or higher mortality rate into a nursing home or assisted living community outweighs the risk of hospitals being overcrowded,” the American Health Care Association / National Center for Assisted Living and AMDA – The Society for Post-Acute and Long-Term Care Medicine said in a joint statement released Sunday.
Life plan communities under pressure amidst coronavirus: Fitch Ratings
Although sector-wide rating changes are not expected in the near term, the increased operating costs and shifts in census associated with the COVID-19 outbreak may have negative effects on lower-rated life plan communities, according to an analysis by Fitch Ratings. Higher-rated life plan communities have more cushion to absorb these operating challenges without meaningfully affecting their credit profiles, Fitch said.
Long-term care corporate executives see 2.81% salary increase
Long-term care corporate executives saw an average salary increase of 2.81% in 2019, according to data released Friday by the Hospital & Healthcare Compensation Service.
27 members of Congress urge CMS to withdraw proposed Medicaid Fiscal Accountability Regulation
A bipartisan coalition of 27 members of the House of Representatives is asking the Centers for Medicare and Medicaid Services to withdraw its proposed Medicaid Fiscal Accountability Regulation.
CMS should withdraw Medicaid Fiscal Accountability Regulation, AHCA/NCAL says
The Centers for Medicare & Medicaid Services should withdraw the proposed Medicaid Fiscal Accountability Regulation because, if finalized, it would jeopardize access to care and “cripple” Medicaid financing in several states, leaders of the American Health Care Association / National Center for Assisted Living and the American Hospital Association said Thursday.
CMS proposal would be ‘major financial burden’ for CCRCs, residents, organizations say
A Centers for Medicare & Medicaid Services regulation effectively proposing new Medicaid taxes could “lead to a major financial burden” for continuing care retirement communities and residents — and even the closure of skilled nursing units within CCRCs — in 18 states.
A life plan community’s amenities, affiliation, location may provide advantage to residents
A life plan community’s amenities, religious affiliation and geographic location may give its residents an edge on health and wellness, according to the results of the second year of the five-year Age Well Study being conducted by Mather Institute and Northwestern University. The results were released Tuesday.
NIC: Assisted living occupancy rate strongest in 2 years at 85.7% in fourth quarter
Assisted living occupancy increased to 85.7% in the fourth quarter of 2019, up from a recent record low of 85.1% earlier in the year as demand outpaced new inventory growth, according to data released Thursday by the National Investment Center for Seniors Housing & Care. The rate marked the strongest occupancy in assisted living in two years.
2020 outlook stable for not-for-profit life plan communities: Fitch Ratings
The outlook for the not-for-profit life plan community sector remains stable for 2020, according to Fitch Ratings.
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