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Fitch Affirms ProMedica’s ‘BBB-‘ Rating, Citing Senior Care As Asset

Fitch Ratings affirmed its “BBB-” rating for ProMedica Health System with a stable outlook, citing the health system’s “diversified business model with exposure to three distinct and historically successful divisions” – namely, acute care, senior care and insurance, in a ratings commentary published June 3. “The Stable Outlooks reflects ProMedica’s successful navigation of the coronavirus […]

The post Fitch Affirms ProMedica’s ‘BBB-‘ Rating, Citing Senior Care As Asset appeared first on Skilled Nursing News.

Ohio State University Wexner Medical Center Sees Dramatic LOS Improvement With Aidin

At a time when skilled nursing facility operators like Chicago-based Innovative Health feel like they are getting squeezed as patients head for home health or acute rehab facilities, SNFs will need to find new ways to show their value in the modern post-acute care continuum. One way SNFs could find success in improving clinical outcomes […]

The post Ohio State University Wexner Medical Center Sees Dramatic LOS Improvement With Aidin appeared first on Skilled Nursing News.

HHS Issues New PRF Reporting Requirements, While Rumors Swirl of Future Disbursement to SNFs

Skilled nursing providers may have some financial aid on the way from the federal government to help address the ongoing costs from COVID-19, according to speakers at multiple industry events last week. The speculation comes as the government issued new reporting requirements and deadlines for the federal aid SNFs received over the course of the […]

The post HHS Issues New PRF Reporting Requirements, While Rumors Swirl of Future Disbursement to SNFs appeared first on Skilled Nursing News.

REIT Execs Anticipate $10B of Relief Fund, $3B of Rural Fund for Senior Care Sector

Providers can expect $10 billion of remaining CARES Act funds to go to the skilled nursing and senior living sector, according to sources at real estate investment trusts Sabra Health Care REIT (Nasdaq: SBRA) and CareTrust (Nasdaq: CTRE). About $3 billion of an $8.5 billion rural fund included in President Joe Biden’s American Rescue Plan […]

The post REIT Execs Anticipate $10B of Relief Fund, $3B of Rural Fund for Senior Care Sector appeared first on Skilled Nursing News.

Direct Contracting Offers Skilled Nursing Opportunities— Often Through Hospital Relationships

Aiming to win over skilled nursing operators and owners in need of residents, direct contracting entities say their connection with area hospitals can be a deciding factor in future partnerships. The U.S. Centers for Medicare & Medicaid Services (CMS) unveiled the direct contracting program in conjunction with its Primary Care First initiative. It includes three […]

The post Direct Contracting Offers Skilled Nursing Opportunities— Often Through Hospital Relationships appeared first on Skilled Nursing News.

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