Recent Articles
Affordable Care Act Expands Coverage of Wellness Visits says Report
A new report from the Department of Health and Human Services (HHS) shows that in less than two months, more than 150,000 seniors and others with Medicare have received an annual wellness visit. The preventive benefit is covered by Medicare free of charge when obtained by a participating health care professional because of the Affordable Care [...]
PointClickCare Receives PE Investment to Expand LTC Software
PointClickCare, a provider of electronic health record (EHR) platform, received a minority strategic investment from Baltimore- and San Diego-based JMI Equity, a leading software and healthcare IT growth equity firm. With the investment, the company will continue to expand the company’s software-as-a-service (SaaS) product offerings and advance its market leadership through organic and inorganic growth. PointClickCare’s web-based [...]
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WSJ: Older Housing Boom Expected in China, US Operators Look for Opportunities
The Wall Street Journal is reporting the number of Chinese over 60 years old is on pace to exceed the entire population of the U.S. by 2050. The big change has caught the eye of U.S. senior-housing developers like Emeritus Corp., Life Care Services LLC, hedge-fund giant Fortress Investment Group LLC and even John C. Erickson, an [...]
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Cerner Enters Nursing Home Market, Bethesda Health Starts Using Software
Cerner, a medical software provider, announced it’s moving into the skilled nursing facilities. The company announced that Bethesda Health Group, a leading senior care and services organization in St. Louis, Mo., selected Cerner’s technology for skilled nursing facilities. Realizing the growing need for healthcare information technology (HIT) in long-term care environments, this conversion marks the company’s [...]
Nursing Home Owner Fined $5.8 Million and Sentenced to Prison for Tax Evasion
A federal Judge sentenced Jeffrey Phillips, 41, to three and a half years and prison ordered him to pay $5.8 million in restitution for not paying payroll taxes. Phillips, owned and managed nursing homes, provided nursing home staff, and provided in-home care services and failed to pay $4.7 million in payroll taxes he did not tender to [...]
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Frontline Home Health Care Worker Wages Continue to Fall says Report
A new analysis of direct care workforces shows that wages and benefits for frontline health care workers is inadequate. “The problematic quality of direct-care jobs continues to undermine America’s capacity to produce a caregiving workforce that can deliver the basic hands-on services and supports demanded by millions of elders and persons with disabilities needing assistance [...]
Long Term Care is Too Costly says Report
The cost of financing long-term care (LTC) through Medicaid is on track to become “a crippling burden” for New York State unless steps are taken to reform the program, a report issued today by the Empire Center for New York State Policy warns. The report, written by Stephen A. Moses, suggests that New York’s Medicaid [...]
Ark Holdings Acquires Carolina based HMR Advantage Health Systems
Behrman Capital announced that its Ark Holdings Inc. platform of skilled nursing homes has acquired HMR Advantage Health Systems, a South Carolina-based owner and operator of long-term care centers, for a total consideration of $143.8 million. Through the transaction, which closed on December 29, 2010, Behrman also acquired a hospice company, Hallmark Hospice, previously owned [...]
States Get $3.7 Billion to Provide Long Term Care Services from HHS
States will see additional funding from the Affordable Care Act to help move Medicaid beneficiaries out of institutions and into their own homes or other community settings now and in the near future. The Affordable Care Act provides additional funding for two programs supporting that goal, the Money Follows the Person (MFP) demonstration program and the [...]
Clearview Capital Completes Another Add-on Acquisition for Senior Care Centers of America
Senior Care Centers of America, Inc., a portfolio company of Clearview Capital, LLC, has completed the acquisition of the adult daycare division of South Jersey Health Systems. The transaction closed on March 1, 2011. Senior Care Centers of America is the premier provider of adult day health services in the United States with a total [...]
