Nursing Home - McKnight's Senior Living

Nursing Home

Business briefs for Thursday, Jan. 14

HUD announces competition for $150 million in funding for Section 202 Supportive Housing for the Elderly, with applications due in May … Direct care workers remain undervalued and underused in the long-term care sector: report … HHS opens COVID-19 vaccines to seniors in independent living, affordable housing … Increased penalties for nursing homes likely under Biden administration: experts

senior holding hand of healthcare worker

Financial incentives, elimination of regulatory barriers may help expand availability of small-house nursing homes: report

Despite evidence that residents within one of the best-known alternative nursing home models, the Green House Project, have fared much better amid the COVID-19 pandemic than those in traditional skilled nursing facilities, the nation’s adoption rate of this model remains relatively slow. In fact, currently only 300 Green House nursing homes exist nationwide, according to a new report from the AARP.

Mark Parkinson headshot

AHCA warns that two-thirds of nursing homes are operating at a loss

The COVID-19 pandemic is pushing many skilled nursing operators close to bankruptcy, according to a new survey by the American Health Care Association. The organization surveyed 953 nursing home operators on the financial and staffing challenges they continue to face and found that 90% said they are currently operating at a profit margin of 3% or less. In addition, nearly two-thirds (65%) of nursing homes are operating at a loss and report that they won’t make it another year without additional government support.

SEIU President Mary Kay Henry speaking

Nursing home, home care workers rally support for Biden workforce plan

As President-elect Joe Biden prepares to take office next month, nursing home and home care workers with the Service Employees International Union and National Domestic Workers Alliance met with their members of Congress on Tuesday through a virtual lobby day. The groups urged lawmakers to support Biden’s plan for the rapidly growing care economy.

Berkadia secures $40M in financing for SNFs in seven states

Berkadia’s Seniors Housing and Healthcare Group announced last week that it had secured almost $40 million in loan closings since September for skilled nursing facilities across the country, including in Alabama, Idaho, Illinois, Indiana, Montana, New Jersey and Washington. Nearly all of the transactions involved refinancing loans through the U.S. Department of Housing and Urban Development’s 232/233(f) program.

Business briefs for Wednesday, Dec. 2

PA governor vetoes bill giving senior living and care organizations limited liability protections … Americans’ feelings of financial security remains at pre-pandemic levels: survey … Older adults with dementia often miss bill payments 6 years before diagnosis: study … Nashville, TN, senior living community plans $75M expansion … CareTrust REIT extends $15M mezzanine loan to Next Healthcare for 9-property Virginia SNF acquisition … ESI arranges $9.6M sale of Pennsylvania skilled nursing facility

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