Regulatory Environment | Skilled Nursing
By: Ryan Brooks | June 29, 2021
The primary tool the Centers for Medicare & Medicaid Services (CMS) has for enforcing care standards at skilled nursing properties are civil monetary penalties (CMPs). CMPs are essentially fines for facilities found to be out of compliance with CMS care standards. Based on a national average, CMS penalties for skilled nursing properties had been on the rise from 2016 to the third quarter of 2019.
COVID-19 | Regulatory Environment
By: Ryan Brooks | May 12, 2021
On Monday, the U.S. Department of Treasury announced the launch of the Coronavirus State and Local Fiscal Recovery Funds, established by the passing of the American Rescue Plan in March. The recovery funds provide $350 billion in emergency funding for eligible state and local governments and provide substantial flexibility for each jurisdiction to meet local needs—including support for households, small businesses, impacted industries, essential workers, and the communities hardest-hit by the crisis.
Regulatory Environment | Senior Housing | Skilled Nursing
By: Ryan Brooks | May 06, 2021
Over the last month, a series of congressional hearings and confirmations shined a spotlight on the seniors housing and care sector as a whole, as well as a number of areas impacting the industry. The hearings followed a tumultuous year of navigating the COVID-19 public health emergencies and subsequent media scrutiny, and covered a wide range of topics, including staffing necessities, private equity investment, quality metrics, home and community-based services (HCBS) funding, reimbursement pressures, telehealth flexibilities, and dual-eligible care coordination.
COVID-19 | Economic Trends | Regulatory Environment | Senior Housing | Skilled Nursing
By: Ryan Brooks | March 12, 2021
On March 10, the House passed the American Rescue Plan, the $1.9 trillion economic relief bill aimed at helping the country recover from the ongoing coronavirus pandemic. On March 11, President Biden signed the bill into law.