Total expenditures for nursing care facilities and continuing care retirement communities (CCRCs) fell last year. Nursing care facility and CCRC expenditures rang in at $181.3 billion last year, compared with $196.9 billion in 2020. Between 2019 and 2020, expenditures in this sector had grown by 13.1%. While nursing care facilities and CCRCs received fewer dollars
I’d like to bring to your attention an important project that I hope you will consider supporting. “No Country For Old People” is a critically needed documentary inspired by award-winning filmmaker, Susie Singer Carter’s experience with our broken Long Term Care system for her mother from egregious nursing home neglect and abuse. Susie has partnered
The nursing home today is largely considered a real estate play. What does the next generation of the nursing home look like? Where does the health-care-centric investor fit in or around it? Utah-based Providence Group is a management and ownership chain of 152 nursing home facilities. Providence Group operates in the states of South Carolina,
Will Census Recover? One factor constraining SNF growth is the expansion of home health. More care is delivered in this setting since the pandemic. The reduction in SNF beds nationwide is due to more units being converted to private rooms. Unsafe staffing in nursing care facilities limit census and occupancy growth in 2022. It also hurts
The Future of Corporate Oversight? The RAND Corporation published a new study regarding the management and operation of facilities. As we all know, the current model requires caregivers to work tirelessly without input or complaint. Families are treated as an annoyance. The key takeaway: Administrators and operators of nursing homes must allow residents, their families,
State and local authorities are conducting an investigation into abuse at The Oaks at Chanticleer. The facility is part of the profitable chain. So far, the facility terminated the employment of three caregivers following an internal investigation. One for mistreatment. Two for failing to report the mistreatment. The employee who revealed the mistreatment failed to
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