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Long Term Care news and information

News
HHS finds $1.5 billion in bad billing by SNFs
By Paul Barr | November 13, 2012 | Basic Web Basic Web Subscription Details
Skilled-nursing facilities received $1.5 billion in inappropriate Medicare payments in 2009, according to HHS' inspector general's office, which found that one quarter of all SNF claims in the period were done in error. The report could lead to increased scrutiny of SNFs by Medicare administrative...
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Information
Nursing homes said to overbill U.S.
By Wall Street Journal | November 13, 2012
Hundreds of nursing homes overcharge Medicare every year for so-called skilled services, adding $1.5 billion in annual costs to the program, according to a federal report to be released Tuesday.
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Information
Nursing home is faulted over care after storm
By New York Times | November 10, 2012
Hurricane Sandy announced itself by tossing a section of Boardwalk against the Promenade nursing home in Rockaway Park, Queens, blowing out its windows and sending waves washing through the first floor.
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News
Deal means leadership change at Sunrise
By Beth Kutscher | November 09, 2012 | Basic Web Basic Web Subscription Details
Sunrise Senior Living, McLean, Va., will undergo a leadership change after the company completes its acquisition by Health Care REIT.
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News
Kindred boosts credit access by $200 million
By Beth Kutscher | October 05, 2012 | Basic Web Basic Web Subscription Details
Kindred Healthcare, Louisville, Ky., has increased its available credit by $200 million in order to pursue business expansion opportunities.
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Information
Washington Post branches into healthcare
By Wall Street Journal | October 02, 2012
Washington Post Co., facing downturns in its core education and newspaper business, is putting its toe into healthcare. Post Co. said it would buy a majority stake in Celtic Healthcare, a closely held provider of hospice and home healthcare in Pennsylvania and Maryland.
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Magazine
LifeCare's debt bomb | Sale, restructuring possible as LTAC pressures mount
By Beth Kutscher | September 22, 2012 | Print Magazine Print Magazine Subscription Details
LifeCare Holdings, Plano, Texas, is facing the possibility of a sale or restructuring as it races against a 45-day clock to find a solution to its high debt levels.
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News
Stordy named president of Golden Living division
By Beth Kutscher | September 21, 2012 | Basic Web Basic Web Subscription Details
Golden Living, Plano, Texas, has promoted David Stordy to president of its Golden LivingCenters division, where he will be responsible for its 304 skilled-nursing facilities.
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News
LifeCare Holdings moves to address debt woes
By Beth Kutscher | September 19, 2012 | Basic Web Basic Web Subscription Details
LifeCare Holdings, Plano, Texas, bought itself more time from its creditors as it weighs various options to deal with its debt load, including a potential sale.
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News
Post Acute Medical buys Texas long-term acute-care facility
By Joe Carlson | September 03, 2012 | Basic Web Basic Web Subscription Details
Post Acute Medical, Camp Hill, Pa., has acquired for undisclosed terms a 26-bed long-term acute-care hospital that is within Iasis Healthcare's Southwest General Hospital, San Antonio.
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