60 Seconds with Steve Monroe: A Win For Providers
We all know that the Life Care Centers of America nursing home in Kirkland, Washington was the location of the first major SNF outbreak of COVID at the beginning of the pandemic. Well, the families of two residents who died sued the facility, the management company and some employees for negligence. As I have stated too many times, this early in the pandemic no one really knew what was going on, no one understood the severity, and no one knew what to do with the early cases, if they even had test kits, and to be held liable for deaths in those early weeks did not seem to make sense. While the jury found that the company was not at fault for the deaths of the two women, the jury found... Read More »
60 Seconds with Swett: The Keys to Retirement Success
Last week, a partnership between Age Wave and Edward Jones conducted a survey with The Harris Poll, getting more than 12,000 respondents, the majority of which were retirees and pre-retirees, to answer questions on the keys to success in retirement. With Edward Jones as one of the initiators of the survey, being a major financial advisory firm, you could bet that one of the main takeaways was going to be the importance of financial preparedness for retirees. Indeed, the report revealed that six in 10 Americans who plan to retire believe they can afford a comfortable and secure retirement lasting more than 10 years. To that we would just say what about the other 40%, a significant portion... Read More »
ServingIntel Serves Up New AI Platform
AI is on the minds of many these days, and its seemingly limitless capabilities in the not-too-far future are creating both hope and angst among the public. Certainly, in health care, the possibilities of making care better, more efficient and more effective are an exciting prospect. And we are still in the early days of it. One company, ServingIntel, is launching a new AI platform designed specifically for senior living communities. Already serving communities across the country and in Canada with point-of-sale and robotics technology that helps provide higher resident satisfaction, increased revenue and enhanced staff productivity, ServingIntel has now created Ruby AI. With... Read More »
60 Seconds with Swett: An End to the Public Health Emergency
After more than three years in effect, the federal COVID-19 public health emergency ended on May 11. That seems like a moment worth celebrating, after the upheaval the country has experienced since the beginning of the pandemic. The vast majority of Americans wouldn’t have noticed the switch, since life has been pretty much back to normal for over a year now. But health care facilities will feel the change. Although states and localities may have different rules, staff vaccine mandates that caused a lot of consternation and even reached the Supreme Court will end at nursing homes, thereby hopefully relieving some of the staffing stresses on facilities. Continuous enrollment policies... Read More »
National Health Investors Shares Jump
When National Health Investors announced its first quarter earnings results last week, investors liked what they heard and sent the shares up by 8%, and they stayed up. The REIT has been dealing with problems at a few major tenants since the onset of the pandemic, and while the problems are not entirely over, most indicators are moving in the right direction. During the quarter, cash collections hit a near-term high of 98%, which should give investors a lot more confidence in the durability of the dividend. Total year-over-year occupancy increased by 400 basis points to 81.3%, driven by a 440-basis point increase in seniors housing and a 350-basis point increase in skilled nursing. ... Read More »Schedule a demo
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