McKnight’s reported South Carolina’s lawmakers repealed the state’s certificate of need for healthcare facilities, except in the case of nursing homes. The bill sunsets certificates of need (CONs) in 2027 in all but eight counties that are currently without a hospital. In those areas, the CON will immediately disappear. Nursing homes still need to comply with
“CMS’ thirteen-year delay is slow even by bureaucratic standards and especially egregious given that the number of nursing homes owned by private equity has significantly increased since then” -US Sen. Charles Grassley wrote (R-IA). Recently Grassley sent a letter asking CMS to finalize CMS’ “overdue proposed rule that…failed to finalize and implement.” New rules will
The Center for Medicare & Medicaid Services (CMS) has proposed a new rule that will require the disclosure of certain ownership, managerial, and other information regarding Medicare skilled facilities (SNFs) and Medicaid nursing facilities. See the link to the federal register for more details: Medicare and Medicaid Programs; Disclosures of Ownership and Additional Disclosable Parties Information
A $105 million civil whistleblower lawsuit filed alleging CARES Act fraud. The 2020 program was meant to assist small businesses and was funded through the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act. The lawsuit shows the need for oversight on how nursing home operators spent COVID relief funds. The taxpayer money was
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,
Recently, the Consumer Financial Protection Bureau published policy statements on debt collection in the nursing home industry. See Federal Register. This is great news for families. The CFPB highlights “some of the difficulties and experiences heard from caregivers about being pursued over friends’ or family members’ alleged debts from nursing home facilities.” A Kaiser Family
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