Coronavirus / COVID-19 - McKnight's Senior Living

Coronavirus / COVID-19

Businessman giving money to his partner

Operators expected to keep more aid after HHS revises Provider Relief Fund reporting requirements in response to ‘significant opposition’

Citing “significant attention and opposition from many stakeholders and members of Congress,” HHS has revised requirements for Provider Relief Fund reporting and broadened the definition of “lost revenue.” The move, announced Thursday, is expected to enable senior living operators to retain a greater amount of federal aid they receive as they battle the coronavirus.

Most affordable seniors housing providers can’t afford pandemic supplies: survey

The majority (69%) of affordable seniors housing providers say they are at least financially strained — if not severely financially strained — as a result of having to pay for personal protective equipment, cleaning supplies, thermometers, and other screening tools amid the ongoing pandemic. That’s according to a survey of 278 nonprofit seniors housing providers conducted by LeadingAge earlier this month.

Business briefs for Thursday, Oct. 22

COVID-19 has forever changed how senior living and care will do business: speakers … Older workers face higher unemployment than their mid-career peers amid pandemic … New affordable housing subsidy will help preserve Ohio seniors housing community … Walker & Dunlop launches new black equity certification program … CBRE arranges $80M refinancing for California seniors housing community … JCH closes $13.9M sale of California assisted living community

Next post in News