Literature Review
All posts tagged with “Post-Acute Care News.”
PACS Group could raise $400 million in IPO
04/04/24 at 03:15 AMPACS Group could raise $400 million in IPOMcKnights Long-Term Care News, by Kimberly Marselas; 4/3/24PACS Group, one of the nation’s largest nursing home operators, could raise about $400 million in an initial public offering, according to a fresh round of documents filed this week. Utah-based PACS plans to offer 19.05 million shares of common stock when it goes public, with an estimated price of $20 to $22 per share. At the top of that range, the move to the New York Stock Exchange could net the company $429 million in value.
Nursa Survey finds 98% of hospital CFOs view nurse staffing as top challenge
04/04/24 at 03:00 AMNursa Survey finds 98% of hospital CFOs view nurse staffing as top challenge Morningstar, provided by Business Wire; 4/2/24Survey results offer insight into C-suite perspectives on workforce trends and financial impact. Nursa, a nationwide platform that exists to put a nurse at the bedside of every patient in need, today released the results of a survey with healthcare decision-makers that examines their perspectives on the evolving social contract of employment, opinions on the 1099 workforce, and reflections on what makes a nurse truly valuable to an organization. Key findings from the survey include:
Home Healthcare Statistics 2024 by demographics, utilization, diagnoses
04/04/24 at 02:00 AMHome Healthcare Statistics 2024 by demographics, utilization, diagnosesMarket.us, by Samruddhi Yardi; 4/3/24
Northwell hospital nurses cancel strike
04/03/24 at 03:00 AMNorthwell hospital nurses cancel strike Becker's Hospital Review, by Kelly Gooch; 4/1/24Members of the New York State Nurses Association have called off a planned April 2 strike at New York City-based Staten Island University Hospital after reaching a tentative agreement with management on a new labor contract. The union represents 1,300 workers at the facility. ... SIUH is part of New Hyde Park, NY-based Northwell Health, a 21-hospital system with more than 85,000 employees total. ... The agreement "adds nurse staffing on units that need help"; includes an expedited process for creating staffing standards in new units; and features wage increases that total 22.12% over three years and include annual pay increases, market adjustment pay, and experience pay, the union said.
LTC planning’s power lies in relationships, not revenue
04/03/24 at 03:00 AMLTC planning’s power lies in relationships, not revenue Insurance NewsNet, by John McWilliams; 4/1/24 Long-term care planning is having a moment right now. There was a time when conversations with clients about their long-term care needs were like pulling teeth. No one wants to confront the point in their lives at which they will no longer be able to do the things they associate with independent life as an adult. Long-term care was a talk to have with people in their 60s. Now, I have those talks with folks in their 40s and 50s. What happened?
The Workforce Management Playbook: How Mercy is empowering nurses, saving premium labor costs + improving care
04/03/24 at 03:00 AMThe Workforce Management Playbook: How Mercy is empowering nurses, saving premium labor costs + improving care Becker's Hospital Review in collaboration with Trusted Health; 3/29/24 At Becker’s 11th Annual CEO + CFO Roundtable, in a session sponsored by Trusted Health, two leaders from Mercy (St. Louis) — Cheryl Matejka, CFO, and Betty Jo Rocchio, DNP, senior vice president and system chief nursing officer — discussed how the right workforce management platform can help organizations redesign their staffing models in tune with nurses’ evolving needs, while saving costs and improving operational efficiency. In Mercy’s presentation to over roughly 100 hospital executives there were three major themes.
14 Joint Commission patient safety goals for post-acute facilities
04/01/24 at 03:00 AM14 Joint Commission patient safety goals for post-acute facilities Becker's Hospital Review, by Mariah Taylor; 3/21/24 The Joint Commission released a breakdown of patient safety goals for post-acute care facilities in 2024. The organization published an easy-to-read resource outlining goals for nine sectors of healthcare, including nursing facilities, surgery, hospitals and behavioral care. For post-acute facilities, the goals mostly revolved around identifying patients correctly, using medicines safely, and preventing infections and falls. Here are the patient safety goals for post-acute facilities: ...
[Rural Hospitals] A popular healthcare myth debunked
04/01/24 at 03:00 AM[Rural Hospitals] A popular healthcare myth debunked Becker's Hospital CFO Report, by Laura Dyrda; 3/28/24Many in the healthcare industry assume rural hospitals are inherently worse off financially than urban hospitals. It's easy to see why. ... But a February Kaufman Hall report refutes the financial divide between rural and urban hospitals. When comparing rural and urban hospitals as a collective, the firm found no statistically significant difference in average operating margin. Rural and urban hospitals on average have similar operating margins and financial performance. So why do we often associate more dire financial struggles with rural hospitals over urban ones?
Hospital charity care falls short of nonprofit tax breaks: Lown
04/01/24 at 03:00 AMHospital charity care falls short of nonprofit tax breaks: Lown Modern Healthcare, by Caroline Hudson; 3/26/24The vast majority of nonprofit hospitals aren't providing a level of community support equal to the value of what they are receiving in tax breaks, according to a study published Tuesday. ... Using 2021 Internal Revenue Service data, Lown found about 80% of nonprofit hospitals, or more than 1,900 out of 2,425 hospitals, received more in tax break benefits than the support provided to communities.
Kaiser Permanente, Town Hall ventures to launch PACE Program ‘Habitat Health’
04/01/24 at 03:00 AMKaiser Permanente, Town Hall ventures to launch PACE Program ‘Habitat Health’ Home Health Care News, by Andrew Donlan; 3/27/24 Kaiser Permanente and an investment firm are teaming up to launch a Program of All-Inclusive Care for the Elderly (PACE) venture. Specifically dubbed Habitat Health, Kaiser and Town Hall Ventures will begin building out the program in California in 2025 – in Sacramento and Los Angeles.
4 ways to drive transformational change in sustainability
03/29/24 at 03:15 AM4 ways to drive transformational change in sustainabilityAmerican Hospital Association; 3/26/24Like a growing number of health care organizations, New Jersey’s Hackensack Meridian Health (HMH) system has been on a journey for some time now to reduce its environmental impact and boost sustainability practices. Recent achievements include:
Bon Secours Mercy Health posts $123.9M operating loss; new CFO to begin July 1
03/29/24 at 03:00 AMBon Secours Mercy Health posts $123.9M operating loss; new CFO to begin July 1 Becker's Hospital CFO Report, by Alan Condon; 3/26/24 Cincinnati-based Bon Secours Mercy Health reported a $123.9 million operating loss (-1% margin) in 2023, improving on the $323.5 million operating loss (-2.9% margin) in 2022, according to financial documents published March 25. ... Agency costs declined from $504.1 million in 2022 to $256.2 million in 2023. ... Debbie Bloomfield, PhD, will retire as CFO at the end of 2024 after more than three decades with the health system. She will begin transitioning from her CFO role on July 1 and shift to financial leadership oversight of the system's subsidiaries. Travis Crum, senior vice president of finance, will take over as CFO on July 1.
The burden of getting medical care can exhaust older patients
03/28/24 at 03:00 AMThe burden of getting medical care can exhaust older patients Navigating Aging, by Judith Graham; 3/27/24 [Ishani Ganguli] is the author of a new study showing that Medicare patients spend about three weeks a year having medical tests, visiting doctors, undergoing treatments or medical procedures, seeking care in emergency rooms, or spending time in the hospital or rehabilitation facilities. ... [Additionally,] more than 1 in 10 seniors, including those recovering from or managing serious illnesses, spent a much larger portion of their lives getting care — at least 50 days a year. ... When [treatment burden becomes overwhelming], people stop following medical advice and report having a poorer quality of life, the researchers found.
Hosparus affiliate opens $11 million PACE Center
03/28/24 at 03:00 AMHosparus affiliate opens $11 million PACE Center Louisville Business First, by Shea Van Hoy; 3/26/24 Care Guide Partners, an affiliate of Hosparus Health, has opened the PACE center ... in Elizabethtown, KY. Care Guide Partners' PACE required $11 million in startup costs, with $3 million to come from fundraising and donor support. The Schmidt Family Foundation’s naming opportunity contribution marks a significant milestone in helping reach this fundraising goal.
Group homes: Pros and cons for senior care
03/28/24 at 03:00 AMGroup homes: Pros and cons for senior care US News & World Report - Health, by Lisa Esposito; 3/25/24 You won’t walk lengthy corridors with identical rooms, or see a calendar chock-full of structured activities – but you may smell a home-cooked meal. For some older adults who need long-term care, group homes are providing a more family-style alternative to nursing homes or assisted living facilities. As with other long-term care options, group homes are licensed in their state and must meet certain standards.
A nurse practitioner-driven palliative and supportive care service in nursing homes: Evaluation of a quality improvement project
03/28/24 at 03:00 AMA nurse practitioner-driven palliative and supportive care service in nursing homes: Evaluation of a quality improvement projectJournal of Hospice & Palliative Nursing; by Joan G Carpenter, Julianne Murthi, Molly Langford, Ruth Palan Lopez; 3/26/24, online ahead of print This article describes a quality improvement project implemented by a national postacute long-term care organization aimed at enhancing the provision of palliative care to nursing home residents. ... Most common symptoms that were managed included pain, delirium, and dyspnea; most common diagnoses cared for were dementia and chronic organ failure (eg, cardiac, lung, renal, and neurological diseases).
Eisenhower Health purchases Neuro Vitality Center in Palm Springs [for new PACE Center]
03/27/24 at 03:00 AMEisenhower Health purchases Neuro Vitality Center in Palm Springs [for new PACE Center] InvestorsObserver, PR Newswire; 3/25/24Made possible through generous philanthropic support, Eisenhower Health has purchased the Neuro Vitality Center (formerly the Stroke Recovery Center). In partnership with Los Angeles Jewish Health (LAJHealth), Eisenhower will provide a Program of All-Inclusive Care for the Elderly (PACE) at the former Neuro Vitality Center location. After a renovation, the site is expected to open with a new name and focus in the next 12 to 18 months. "Eisenhower Health is committed to addressing the long-term health care needs for low-income seniors through this new Center and PACE program," says Martin Massiello, President and Chief Executive Officer, Eisenhower Health.
Northwell hospital nurses set strike date
03/27/24 at 03:00 AMNorthwell hospital nurses set strike date Becker's Hospital Review, by Kelly Gooch; 3/22/24 Members of the New York State Nurses Association are set to strike April 2 at Staten Island University Hospital in New York City. The union represents 1,300 workers at the facility, according to an NYSNA news release. ... The union cited concerns about having enough staffing to meet the needs of the Staten Island community and contends wages are also still a key sticking point at the bargaining table. Members are seeking a contract that ensures enough experienced nurses are at the bedside to provide safe patient care.
Last Dance: Holland Home throws prom for retirees, end-of-life patients
03/26/24 at 03:15 AMLast Dance: Holland Home throws prom for retirees, end-of-life patients Fox 17 West Michigan, by Sam Landstra; 3/23/24 The timeless nature of the suit and tie was again proven on Saturday by senior promgoers at Holland Home as they danced with their longtime dates at the Grand Rapids retirement home and hospice care facility. ... Donning formal wear donated by Belding Beauties & Bro's, residents walked and wheeled down a fourth floor hallway in Holland Home, gathering in a room decorated with streamers and disco balls.
Midwest nursing home operator files for bankruptcy
03/26/24 at 03:00 AMMidwest nursing home operator files for bankruptcy Modern Healthcare; 3/21/24 Nursing facility operator Petersen Health Care filed for reorganization Wednesday in U.S. Bankruptcy Court in Delaware, citing between 5,000 and 10,000 creditors in its petition. The Peoria, Illinois-based company, which operates 62 nursing homes in Illinois and Missouri, listed assets between $100 million and $500 million in its Chapter 11 filing and between $100 million and $500 million in liabilities.
Eight nurses from St. Vincent Hospital filed suit yesterday in Worcester Superior Court against Tenet Healthcare for wrongful termination after blowing the whistle on unsafe patient care conditions
03/26/24 at 03:00 AMEight nurses from St. Vincent Hospital filed suit yesterday in Worcester Superior Court against Tenet Healthcare for wrongful termination after blowing the whistle on unsafe patient care conditions ABC WATE.com 6 / Cision PR Newswire; by Massachusetts Nurses Association; 3/22/24 Eight registered nurses represented by the Massachusetts Nurses Association at St. Vincent Hospital filed a lawsuit yesterday in Worcester Superior Court against the hospital and its owner, Dallas-based for-profit owner Tenet Healthcare alleging they were fired for exercising their legal and professional obligation to report "unsafe and illegal conduct and conditions" that jeopardized the health and dignity of the patients under their care. ... last month the nurses' claims were validated by The Joint Commission, which conducted an investigation into the nurses' complaints and found the hospital to be "non-compliant with applicable Centers for Medicaid and Medicare Services (CMS) Conditions."
36 rural hospitals have closed since 2020
03/25/24 at 03:00 AM36 rural hospitals have closed since 2020 Becker's Hospital CFO Report, by Alan Condon; 3/21/24 The closures highlight the heightened financial challenges that rural hospitals face amid persisting workforce shortages, rising costs and leveling reimbursement. In addition, only 45% of rural hospitals now offer labor and delivery services, and in 10 states, less than 33% do, according to the Center for Healthcare Quality and Payment Reform. [Listed in the article] are the 36 rural hospitals that closed since 2020, beginning with the most recent.
Lessons for skilled nursing and assisted living facilities from the ‘largest health care fraud case’
03/25/24 at 03:00 AMLessons for skilled nursing and assisted living facilities from the ‘largest health care fraud case’ JD Supra, by Callan Stein and Rebecca Younker; 3/22/24 Phillip Esformes, the alleged mastermind of one of "the largest single criminal health care fraud cases ever brought against individuals by the Department of Justice," has finally reached a plea deal with the Department of Justice (DOJ), concluding the eight-year-long case. ...
Report: Alzheimer's and dementia caregivers total 840K in Florida, bear heavy burden
03/25/24 at 03:00 AMReport: Alzheimer's and dementia caregivers total 840K in Florida, bear heavy burden NPR WMFE, by Joe Byrnes; 3/22/24The number of Floridians serving as caregivers for people with Alzheimer's and other dementias is an estimated 840,000, an increase of 13,000 in just one year, according to an annual report from the Alzheimer's Association. Caregiving takes a toll on families hit by the degenerative brain disease, but a new program from the Centers for Medicare and Medicaid Services could lessen that burden. ... [This] promising resource in the works is the Guiding an Improved Dementia Experience Model, an approach that includes the patient and caregiver. The GUIDE Model -- through the Centers for Medicare & Medicaid Services -- starts in July.
A Western Slope program is helping older Coloradans maintain independence
03/22/24 at 03:00 AMA Western Slope program is helping older Coloradans maintain independence The Colorado Trust, by Nancy Lofhholm; 3/20/24 [Case example of a 74-year-old widow, wheelchair, who can live alone in her home because of PACE.] ... The center houses the HopeWest PACE program, which delivers wide-ranging services for older adults. HopeWest PACE is a local fulfillment of a national Centers for Medicare & Medicaid Services program known as PACE, which stands for Program of All-Inclusive Care for the Elderly. HopeWest PACE is one of 150 programs nationwide that carry out the PACE mandate to keep qualifying older adults like Powell living in their homes by providing them with a holistic bundle of health care and social and emotional support. It includes primary and specialty medical care, prescription medications, physical and occupational therapy, recreation, dietary counseling, and mental health counseling.