Tag Archives: skilled nursing

PharMerica Strengthen’s Position in Pacific Northwest

PharMerica has acquired PropacPayless, an independent senior living and long-term care pharmacy based in Vancouver, WA, from Moda Health. PropacPayless has more than 34,000 clients, primarily in the Northwest and West. With this new partnership, companies will build on PropacPayless’ customer relationships while using PharMerica’s scale, proximity and clinical programs to serve the senior living, […]

PDPM Driving Efficient Use of Data in Skilled Nursing

In July 2018, CMS finalized a new case-mix classification model, the Patient Driven Payment Model (PDPM), that, effective beginning October 1, 2019, will be used under the Skilled Nursing Facility (SNF) Prospective Payment System (PPS) for classifying SNF patients in a covered Part A stay. This new reimbursement model is requiring coding changes and education […]

Does CVS Health Have the Right Strategy for Omnicare?

CVS Health executives, after poor fourth quarter and full year 2018 financial results as a result of its long-term care business, reaffirmed that the growth opportunity with Omnicare was always focused on the independent and assisted living spaces. CVS Health believes those opportunities still exist and are consistent with the company’s strategy of putting the […]

Telehealth Use by Skilled Nursing Growth Continues

The use of telehealth, or telemedicine, continues to grow across the skilled nursing market

The Ensign Group Acquisition Strategy Paying Dividends

The Ensign Group (Ensign), a leader in the long-term care market, reported an adjusted net income of $102.1 million for 2018, a 38.3% increase over the previous year. Ensign reported almost $191 million in revenue from its transitional and skilled services segments, a 36% increase over the previous year. Ensign is a holding company with […]

ProMedica’s Leveraging its Strengths in HCR ManorCare Integration

ProMedica recently announced a new Healthy Aging Institute. The new institute “leverages the unique strengths and capabilities of ProMedica and its recently added HCR ManorCare senior living division to help redefine healthy aging, provide a best-in-class experience to the nation’s growing senior population, and drive positive reform. The health system acquired more than 200 ManorCare […]

Long-Term Care Deals the Healthcare Transaction Leader in 2018

Long-term care-related mergers and acquisitions topped all other segments in healthcare for deal volume in 2018, according to a new report from PwC. Long-term care transactions represented 412 of 1,182 healthcare deals during the year, according to a report by the firm’s deals practice. Those transactions represented 35% of the volume — the largest percentage of any […]

Genesis Health System Follows Senior Care Expansion Trend

Genesis Health System (GHS) is one of the latest health systems expanding its senior care services. GHS is a four-hospital integrated health system located in the Quad Cities area.