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.
Spending on continuing care retirement communities and nursing care facility services increased 1.4% in 2018 to $168.5 billion, according to an analysis from the Office of the Actuary at the Centers for Medicare and Medicaid Services published Thursday.
Charges for assisted living and skilled nursing have stabilized over the past year, whereas charges for home care rose the most quickly among categories measured by Genworth’s 2019 Cost of Care Survey, the results of which were announced Wednesday. Genworth described home care charges as “skyrocketing.”
Recent news is enough to cause any operator, developer or investor to reach for the aspirin. A look at data from the National Investment Center for Seniors Housing & Care, as well as discussions with experts from NIC and elsewhere, however, give hope.
Download: Dealmaker’s Handbook 2019 Inside: Opportunities ahead Here’s what I’m telling my members: Insights from the leaders of the National Investment Center for Seniors Housing & Care, the American Health Care Association / National Center for Assisted Living, LeadingAge and Argentum SNFs and PDPM, ready … or not? Yellen to be heard at NIC Middle…
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Senior Housing Properties Trust is selling all of its stand-alone skilled nursing facilities as part of an “aggressive disposition plan,” but hopes to capitalize on the expected demand for senior housing, executives said Thursday.
North Dakota inched closer last week to becoming the next state with a law requiring assisted living communities and nursing homes to honor resident requests to use electronic monitoring equipment in their rooms.