New technologies have the power to link housing and health care to improve the lives of seniors, according to a panel of experts who spoke at the 2017 NIC Spring Investment Forum. The panelists presented cutting edge case studies of how technology is being leveraged to improve and coordinate care during a session titled, “Using Innovative Technology to Connect Senior Care and Healthcare.” The session was part of the series of Forum presentations focused on how operators can capture value in a quickly changing business environment.
On Tuesday, August 15, the Centers for Medicare and Medicaid (CMS) published a proposed rule to reverse many of the policies surrounding bundled payments that had been initiated under the Obama administration. The Secretary of Health and Human Services (HHS) Tom Price had voiced his opposition to bundled payments before assuming his current role in the Trump administration, and therefore this move does not come as a great surprise. In fact, you may recall we discussed the potential for a policy reversal on bundled payments in a blog post in January, predicting that the Comprehensive Care for Joint Replacement program (CJR) would shift from a mandatory program to a voluntary one. While the new proposal from CMS does not eliminate mandatory bundles outright, the fact that Secretary Price is directing CMS to draft regulations that reflect his view of bundled payments was not unexpected.
The price per unit/bed for seniors housing and care properties has remained relatively stable through the second half of 2017. As capital continues to flow into the sector with more interest from private buyers and institutional capital, as of late, there remains competitive bidding for properties though deals closing recently have mostly been smaller, single-property transactions.
How much of the average retiree’s Social Security income is left after paying for medical care? How does health impact wealth in retirement? How much of a role can home equity play to provide security in old-age?