The New Wave of Foodservice Technology in Senior Care

Finance

Capital One acquires GE Capital Healthcare Financial Services

The acquisition has resulted in the formation of Capital One Healthcare, which will provide more than $11 billion in total outstanding balances of financial services to the healthcare industry. Read More »

National health spending picks up steam

The national healthcare spending growth rate has accelerated for the first time after five years of sluggish growth, according to new annual data from CMS. Read More »

CEO charged in $190M investment scheme

The Securities and Exchange Commission has charged the head of Global Healthcare REIT of money-mixing and defrauding investors. Read More »

Report: Liability costs expected to rise in 2016

Liability loss rates vary widely among individual states depending on tort reform, use of arbitration, the jittery market and many other factors, notes a new analysis. Read More »

Brookdale appoints new COO, CFO

Executive leadership changes continue to be made at Brookdale Senior Living, the nation's largest senior living provider. Read More »

Budget deal could include 2% Medicare cuts

Congressional and White House leaders reached a late-night federal budget deal that would include across-the-board 2-percent Medicare cuts. Read More »

Former assisted living CEO ordered to pay $4.2M in occupancy fraud case

Former Assisted Living Concepts CEO Laurie Bebo was convicted of multiple violations of securities laws. Read More »

Pennsylvania senior care system continues to consolidate

With its latest agreement, Presbyterian SeniorCare targets even more ambitious partnerships to expand long-term care services in Western Pennsylvania. Read More »

CCRCs keep stable rating for third straight year

Capital spending continues to increase for continuing care retirement communities, according to a Fitch Ratings report. Read More »

Judge acquits former ACHCA chair of alleged corruption charges

In 2014, Larry Slatky was charged with allegedly giving a laundry contract for a publicly run nursing home to a friend's company instead of hiring the lowest bidder. Read More »

Griffin-American REIT acquires Trilogy Health for $1.12B

Griffin-American Healthcare REIT acquired Trilogy Investors LLC, the parent company of Trilogy Health Services LLC. Read More »

Omnicare wins $300M alleged fraud case

Omnicare was accused of offering "illegal remuneration to skilled nursing facilities in exchange for referrals to its pharmacy business." Read More »

Goldman Sachs names Brookdale a potential health care acquisition

Brookdale’s recent acquisitions make it potentially desirable acquisition, according to report. Read More »

Former nursing home employee convicted of theft

A nursing home business office manager has been found guilty of writing checks from resident accounts and keeping the money for herself. Read More »

CMS announces initiative to improve care in nursing homes

The new initiative provides funding to would allow nursing homes to test a new payment model. Read More »

CMS adds more participants to bundled payments initiative

The Centers for Medicare and Medicaid announced that 2,100 participants have moved on to the contract, risk-bearing period of the bundling pilot program. Read More »

Capital One buys GE Capital’s healthcare finance unit for $8.5B

Capital One acquired $8.5 billion of healthcare-related loans and the Healthcare Financial Services of General Electric Capital Corporation. Read More »

NOTICE Act receives full Senate approval

Legislation to inform Medicare beneficiaries of their outpatient status has passed through the legislative branch without a hitch. Now, it’s off to the White House. Read More »

Anthem to buy Cigna in $54B deal

Anthem’s purchase of Cigna constitutes the largest health insurance deal in history, but regulators will be watching closely for impacts on market competition. Read More »

Government audits find extensive Medicare Advantage overcharges

Some Medicare Advantage patients were overpaying by thousands of dollars a year, according to government audits. Read More »

NIC MAP: Seniors housing occupancy drops again

According to data analysis by the National Investment Center for Seniors Housing & Care (NIC), independent and assisted living properties are feeling the pinch. Read More »

OIG says SNF billing for changes in therapy needs improvement

The OIG recommends the CMS accelerate its efforts to begin a new method for paying for therapy.  Read More »

New overtime rules impact long-term care

Now is the time for long-term care administrators to reassess the exempt/non-exempt status of your employees before 2016 arrives. Read More »

Turn your data into dollars. Why quality is the new currency.

Performance-based reimbursement requires an efficient approach to documentation and data collection. Between readmission penalties and the IMPACT Act of 2014, the data we use to demonstrate quality outcomes is quickly becoming the currency of our business. Success in the changing reimbursement models means we need to take a data-driven, proactive approach to improving care and quality of life in nursing homes.The Affordable Care Act of 2010 resulted in a provision to develop standards we now know as “QAPI” programs or Quality Assurance & Performance Improvement programs.QAPI is the foundation.Click here to read more. Read More »

Feds arrest several doctors, nurses in largest Medicare fraud bust ever

More than 240 people were arrested in 17 cities for allegedly billing Medicare for $712 million for care that was never given.  Read More »

Accountable accounting

Even the little bills mean a lot. The right accounts payable technology can help LTC communities keep their business partners happy and avoid costly late fees. Read More »

New Payroll Based Journal (PBJ) Reporting Guidelines

The Centers for Medicare and Medicaid Services (CMS) recently issued various documents related to the electronic submission of staffing and census information in an effort to promote greater accountability for long-term care facilities. Referred to as “Payroll Data Submission – Payroll Based Journal (PBJ) Reporting,” this new reporting structure will be mandatory effective July 1, 2016.Read on to learn about the goals of PBJ, what these additional requirements mean to providers, how to approach and implement the changes, and how to address the challenges that must be considered.Click here to read more Read More »

HealthSouth expands PAC presence with Reliant Hospital Partners acquisition

On June 11, the post-acute services provider announced plans to buy the operations arm of Reliant Hospital Partners for $730 million. Read More »

Annuity nursing home doublers make sense

The increasing costs of long-term care challenge the affordability of residential care. A nursing home rider can help cover those costs. Read More »

Will seniors be able to afford your community?

About half of households that have members aged 55 or more years have no retirement savings, and many of those households have few other resources to fund their post-work years, according to a new analysis by the Government Accountability Office. Read More »