News
New law mandates transparency, rate oversight for Connecticut long-term care insurers
4+ hour, 21+ min ago (352+ words) Long-term care insurers are facing a new set of requirements after Connecticut state lawmakers passed a bill boosting transparency around rate increases. The new law also sets new requirements for all long-term care insurance policies sold in the state by…...
3 years post-bankruptcy, Dallas CCRC has "fully rebounded," management exec says
7+ hour, 23+ min ago (448+ words) Just a few years ago, things looked a bit uncertain for continuing care retirement / life plan community Edgemere in Dallas. It emerged from bankruptcy in 2023 with its sale to Bay 9 Holdings LLC, an affiliate of Lapis Advisers LP. Certus Living…...
Guaranteed income streams better predictor of retirement stability than assets
2+ week, 6+ day ago (344+ words) Guaranteed income streams from pensions and other sources are a better predictor of long-term financial stability than nonhousing assets, according to a new issue brief published by the Employee Benefit Research Institute." Conventional wisdom has said that adults should save…...
Payments to Medicare Advantage brokers more than double to $10 billion a year
2+ week, 6+ day ago (349+ words) Payments to Medicare Advantage brokers increased by more than double, from about $3. 9 billion in 2014 to approximately $10 billion a year in 2022, according to a research letter published online May 18 in JAMA Internal Medicine. "The analysis by Brown University researchers offers a…...
Greystone's efforts change HUD underwriting rules to benefit skilled nursing facilities in Texas, Indiana
3+ week, 6+ day ago (691+ words) A 12-month effort led by Chris Clare and Ryan Harkins, healthcare finance experts and managing directors at the commercial real estate company Greystone, has led to a significant win for skilled nursing providers in Texas and Indiana over long-standing Housing…...
Distinctive Living, Live Well break ground ground on "new model" cottage-style senior living community
4+ week, 2+ day ago (468+ words) New Jersey-based Distinctive Living and Live Well Senior Cottages have broken ground on Live Well Cottages at Vineland, senior living geared toward middle-income older adults. The project will be developed in phases, with initial cottage neighborhoods expected to be available…...
CMS proposes 2028 Medicaid HCBS quality measures
1+ mon, 1+ week ago (101+ words) The Centers for Medicare & Medicaid Services on Monday proposed a 2028 Medicaid Home and Community-Based Services Quality Measure Set that has 23 mandatory measures and three voluntary measures. The proposal is expected to be published in the Federal Register tomorrow, but a…...
Condensed CMS fraud mandate timelines for states could sweep assisted living providers into "high risk" category
1+ mon, 2+ week ago (444+ words) Assisted living operators that provide Medicaid home- and community-based services to their residents could be front and center in a new federal initiative aimed at clamping down on healthcare fraud. Last week, Centers for Medicare & Medicaid Services Administrator Mehmet Oz,…...
Connect rate to value for success with prospective residents, expert advises
1+ mon, 2+ week ago (723+ words) Senior living resident rate growth is slowing down after double-digit peaks following the COVID-19 pandemic, reflecting local market dynamics and pushback from consumers. One senior housing data expert said that operators who connect pricing to value for prospective residents will…...
CMS CRUSH initiative alone not sufficient to fight fraud, groups say
2+ mon, 5+ day ago (193+ words) Fraud must be rooted out, but the Comprehensive Regulations to Uncover Suspicious Healthcare, or CRUSH, initiative proposed by the Centers for Medicare & Medicaid Services alone isn't the answer, according to senior living and care industry advocates. Several associations responded when…...