Capital Funding Group SavaSeniorCare moved a 29-asset long-term care portfolio in a deal. The deal included a $262.6 million loan for the refinancing of 29 nursing homes. These 29 nursing homes transitioned to four “regional operators”. It is unclear if the regional operators are related entities to the for-profit chain. The portfolio spans across Colorado,
Future Funding LeadingAge President and CEO Katie Smith Sloan recently said if Congress fails to pass Biden’s Build Back Better plan, it would be “one of their greatest failures ever” and would have “catastrophic human consequences” for older adults and their families. She believes the bill needs to include an expansion of home- and community-based
Inconsistency AARP’s Nursing Home COVID-19 Dashboard shows good and bad news. Across the U.S., the AARP dashboard shows a very uneven level of vaccination among nursing home workers. The good news is that in areas with high vaccination rates and vaccine mandates, the nursing home residents are thriving. The bad news is places with low
What is the risk of Covid among nursing home residents now? Well, it depends. Some facilities never had a problem with the coronavirus because they were well-trained, well-stocked, and safe staffed. However, the vast majority were unprepared and unsafe. After analyzing data collected about COVID cases among Medicare recipients (“beneficiaries”) between March 1 and Dec.
Politico reported something strange. Dentists are against providing Medicare recipients dental care! The Biden Administrations wants to expand Medicare to cover dental, vision and hearing care. However, conservative Democrats want to limit the expansion to only the poorest Americans. But Medicare is not just for poor people. We have never limited benefits based on means
The Nursing Home Improvement and Accountability Act will improve the quality of care at nursing homes. The legislation will increase safety and maintain the health and well-being of America’s vulnerable adults. The legislation proposes minimum staffing requirements, increases Medicaid funding and bans mandatory pre-dispute arbitration agreements hidden in admission paperwork. HHS would apply the staffing minimums