New York Times Probes Safety of HUD-Backed Skilled Nursing Lending Amid Record Loss – Skilled Nursing News

Nursing homes and beds have decreased with the rise of HCBS and aging in place, but a recent slight upturn nursing home beds per 1,000 population has dropped for 11 years in a row Occupancy and ALOS show a declining trend Hospitals have drastically cut back on SNFs ALFs have been the fasted growing institution

New York Times Probes Safety of HUD-Backed Skilled Nursing Lending Amid Record Loss. The nursing home chain in question, Rosewood Care Centers, stopped making mortgage payments on. program end up defaulting, the article noted and a spokesman for HUD stressed to Skilled Nursing News.

HCP Inc. (NYSE: HCP) is feeling a bit of financial pressure due to a skilled nursing company that’s struggling to repay a loan. The Irvine, California-based real estate investment trust (REIT.

Latest on Nursing Home funding. roster submissions, capital attestations, and the 1 percent rate supplement were part of the discussion when LeadingAge NY and other associations met with the Department of Health (DOH) last week on nursing home Medicaid funding issues.

The collapse of a Chicago-area nursing home business resulted in the largest loss in history for the Department of Housing and Urban Development’s (HUD) loan guarantee program for skilled nursing facilities, the New York Times reported Friday – prompting the paper to question the safeguards in place for the program.

Section 232 provides rehabilitation and construction loans for healthcare properties collectively referred to as Residential Care Facilities. Property types include, skilled nursing, intermediate care, assisted living facilities and other special care properties.

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The Department conducts investigations every 9 to 15 months at each nursing home for purposes of certification, as well as follow-up visits to ensure that any previously cited deficiencies have been corrected. Investigations are also conducted as a result of complaints and incident reports received by the Department.

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