Featured Resources - James Consulting Group Sat, 19 Oct 2024 02:05:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://jamesgroupconsulting.com/wp-content/uploads/2019/12/favicon.gif Featured Resources - James Consulting Group 32 32 Assisted Living Costs/Trends https://jamesgroupconsulting.com/assisted-living-costs-trends/ Tue, 11 Jun 2024 15:20:20 +0000 https://jamesgroupconsulting.com///?p=141 Monthly Assisted Living Costs Surpass $4,000 (article by Tim Regan, Senior Housing News). This year’s cost increase for Assisted Living Facilities is 1.28%, compared to last year’s increase of 6.7%.  The declining increases can be attributed to oversupply as well as other alternatives to care.  Understanding how to navigate a reduced census due to oversaturated…

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]]> New Wave of Closings? https://jamesgroupconsulting.com/new-wave-of-closings/ Tue, 11 Jun 2024 15:20:20 +0000 https://jamesgroupconsulting.com///?p=157 Struggling SNFs could lead to new wave of closings, analysis finds (article by Danielle Brown, McKnight’s Long-Term Care News) A facility’s CMS star rating and operating profit margins are correlated, according to recent cost comparison data released.  Facilities with an overall star rating of 3 or above experienced an operating margin above the national level. …

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]]> An Alarming Metric https://jamesgroupconsulting.com/an-alarming-metric/ Tue, 11 Jun 2024 15:20:20 +0000 https://jamesgroupconsulting.com///?p=160 Median Skilled Nursing Operating Margin Falls Below Zero (Article by Alex Spanko / Oct 10, 2019, Skilled Nursing News) New cost comparison data released for the 2018 Skilled Nursing Facility performance shows a grim picture.  The SNF median Operating Margin has fallen below 0% for the first time in three decades.  Skilled Nursing Facilities need…

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]]> Analysis: PPE costs increase over 1,000% during COVID-19 crisis https://jamesgroupconsulting.com/analysis-ppe-costs-increase-over-1000-during-covid-19-crisis/ Tue, 11 Jun 2024 15:20:20 +0000 https://jamesgroupconsulting.com/?p=631 By James M. Berklan, McKnight’s Long-Term Care News. Skilled nursing facilities and assisted living centers treating COVID-19 patients have experienced a 1,064% increase in costs for required personal protective equipment since the deadly virus started its rampage in the U.S. The rise is even higher (1,084%) for those using nitrile gloves due to vinyl glove…

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]]> Senior living occupancy falls slightly in first quarter as industry braces for COVID-19 impact https://jamesgroupconsulting.com/senior-living-occupancy-falls-slightly-in-first-quarter-as-industry-braces-for-covid-19-impact/ Wed, 17 Apr 2024 17:09:00 +0000 https://jamesgroupconsulting.com/?p=633 By Lois A. Bowers, McKnight’s Senior Living. Senior living occupancy fell slightly to 87.7% in the first quarter, according to new data from the National Investment Center for Seniors Housing & Care’s NIC MAP data service. The effects of the COVID-19 outbreak are not evident in NIC’s data yet, but in a recent executive survey of industry leaders by…

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]]> Skilled Nursing Facilities Could Soon See $1.5B Under CMS’s Emergency Relief Plan, With More on the Way https://jamesgroupconsulting.com/skilled-nursing-facilities-could-soon-see-1-5b-under-cmss-emergency-relief-plan-with-more-on-the-way/ Tue, 14 Apr 2020 17:10:00 +0000 https://jamesgroupconsulting.com/?p=635 By Alex Spanko, Skilled Nursing News. The federal government this week announced that hospitals and other Medicare-reimbursed health care providers will receive the first disbursements from a $100 billion emergency COVID-19 stimulus fund. For skilled nursing facilities that primarily derive their income from Medicare, the windfall could be significant. “We estimate an allocation of about…

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