Contemporary Long Term Care articles from June 2000

Contemporary Long Term Care archives from June 2000

Who's your 'daddy'?(role models)
June 1, 2000... SOMTIMES OUR ROLE MODELS ARE self-evident; other times, not right away. Some we choose; others choose us. And sometimes, when we least expect it, we become a mentor to others. Let me start with my first, obvious role model, especially as...

ALF overview preview.(Assisted Living Federation)
June 1, 2000... A new study takes the measure of an industry A HIGHLIGHT OF THE ALFA SPRING SHOW in Orlando in April was a presentation by PricewaterhouseCoopers Partner Ronald Tinsley and Senior Associate Rob Whitlock, previewing "Assisted Living 2000," a...

LTC policies up.(long term care insurance rates rise)
June 1, 2000... Number of insured rises sharply since 1992 THE NUMBER OF LONG TERM CARE INSURance policies sold doubled in a five-and-a-half year period, reaching nearly 6 million by June 1998, up from about 3 million in 1992, according to a survey on the...

Survey results.(assisted living facility quality of life survey)
June 1, 2000... Quality of life a major concern for ALF residents WHEN IT COMES TO GAUGING CUSTOMER satisfaction in assisted living, family members may care most about quality of care, but the residents themselves tend to focus on quality-of-life issues...

Spending drops for home care.
June 1, 2000... Spending drops for home care Medicare spending on home health care has fallen sharply in the past two years, though earlier projections had ...

Outlook improves.(Medicare financial outlook)
June 1, 2000... Medicare will be flush until at least 2025 THE FINANCIAL OUTLOOK FOR MEDICARE is a little better than the Clinton administration previously thought. Medicare will now have until 2025 before cash runs short to pay benefits. A report issued...

Medicare may raise nursing home pay.
June 1, 2000... Proposed rule would better account for non-therapy ancillary costs A PROPOSED REGULATION FOR CASE MIX refinement under the Medicare prospective payment system for skilled nursing facilities has been published by the Health Care Financing...

VIEW FROM THE HILL.(upcoming health care bills)
June 1, 2000... VIEW FROM THE HILL Bill Title S.2365 Home Health Fairness Act 2000 H.R.4219 Home Health Fairness Act 2000 H.Con. Congressional Budget Res. 290 resolution Bill Description...

The rating game.(nursing home rating)
June 1, 2000... The California HealthCare Foundation (CHF), a not-for-profit organization based in Oakland, is funding a $2.4 million program to evaluate the quality of the state's nursing homes and distribute the findings to the public. The program,...

Reinventing herself at 90.(Louise Dick)
June 1, 2000... After behaving as if in lock-up, a resident learns to get involved IT'S BEEN A YEAR SINCE I MADE A SURPRISE VISIT TO MY THEN 89-year-old grandmother. It was Memorial Day weekend 1999, her first as a resident of Heritage Village, a Christian...

The 1999 numbers are in.(healthcare industry securities)
June 1, 2000... Despite turmoil, acquisition prices were stable LIKE IT OR NOT, 1999 WILL BE REMEMBERED IN THE FINANCIAL markets more for investors' love affair with everything Internet than for the rewards of investing in the health care industry....

Surviving the shake-up.(assisted living facility financial woes)
June 1, 2000... THERE IS A SHAKE-UP UNDERWAY IN THE ASSISTED LIVING industry. Several high-profile public companies have experienced financial difficulties and it is probable that in the next two or three years, more than a few of the top 30 companies will be...

'Accredited' living facilities.
June 1, 2000... Analyzing the costs and benefits of credentialing your ALF The COMMISSION ON ACCREDITATION OF REHABILITATION Facilities (CARD recently published its first standards manual for assisted living. The Joint Commission on Accreditation of...

People who make a difference.(in the long term care industry)
June 1, 2000... It is a privilege to recognize those in the industry whose advocacy, attention to detail, innovation, leadership, and understanding serve as an inspiration to others in long term care. This year's five honorees have set new standards in...

Dos and DOSES.(tips on how to prevent medication errors)
June 1, 2000... Techniques to prevent medication errors and inappropriate use Much attention during the past few years has been focused on problems related to prescribing, administering, and managing medications, especially in the elderly population....

High court rebuffs challenge to survey enforcement process.(nursing home surveys)
June 1, 2000... BY A VOTE OF 5 TO 4, THE U.S. SUPREME COURT RULED IN Shalala v. Illinois Council on Long Term Care Inc. that trade associations representing nursing homes may not go directly to federal court to contest the legality of Health and Human...

Alterra to issue $138 million in convertible debt.(Alterra Healthcare Corp.)
June 1, 2000... Alterra Healthcare Corporation, the nation's largest assisted living operator, has entered into a definitive agreement to issue $138 million of convertible senior debentures and convertible preferred shares to certain investors. The investors...

Greenbriar reports same-store growth of 6.7 percent.(Greenbriar Corp.)
June 1, 2000... Greenbriar Corporation, a Dallas-based assisted living company, announced earnings from operations of $887,000 for the first quarter of 2000 compared with $671,000, an increase of 32 percent. Same-store revenues improved 6.7 percent to $10.4...

Wausau, Brown&Brown to cover ALF property, liability.(Assisted Living Facility Protector Plan)
June 1, 2000... Wausau Insurance and Brown & Brown-Commercial programs Division have partnered to offer a new program: the Assisted Living Facility Protector Plan. The plan was created to address the industry's need for property and liability insurance....

CORPORATE LADDER.(executive news)
June 1, 2000... Stewart Bainum Sr. has retired from Manor Care Inc.'s board of director. The Toledo, Ohio-based owner and operator of 450 long term care centers, has named John Schwieters to fill the vacancy. Kelly Price has resigned as chief financial...

Aegis announces Asian advisory board.
June 1, 2000... Redmond, Wa.-based Aegis Assisted Living has named ten people to serve on an advisory board for Aegis Garden, the company's newest California venture. Unique in its programming and design, the new community will focus on the special cultural...

Vencor amends debtor-in-possession financing.
June 1, 2000... Louisville, Ky.-based Vencor, which filed a petition for Chapter 11 protection last fall, has agreed with its lenders to revise a financial covenant in its debtor-in-possession financing regarding Vencor's minimum net amount of accounts...

Grand Court delisted.
June 1, 2000... Boca Raton, Fla.-based Grand Court Lifestyles, a developer and operator of seniors housing properties, announced that NASDAQ will de-list its common stock. The delisting follows the company's filing for bankruptcy protection last month. Shares...

Long term care stock prices way down in 1st Q.
June 1, 2000... Healthcare industry share prices increased 19.5 percent for the first quarter of 2000--but long term care providers didn't fare as well: Assisted living was down 15 percent for the quarter and nursing homes were down 10.3 percent. HealthCare...

Seniors want to stay home as long as possible.
June 1, 2000... The vast majority of mid-life and older Massachusetts residents (86 percent) want to stay in their current residences for as long as possible, according to research released by AARP. "Fixing to Stay," a state survey on housing issues, explored...

Author weaves quite a story.
June 1, 2000... One resident who doesn't know the meaning of the word 'quit'! For the past two decades, 74-year-old Mary Elizabeth Johnson has lived at Good Samaritan Village, a skilled nursing facility in Hastings, Neb. Her days are full, where she'll...

Cornering the market.
June 1, 2000... A shakeout of long term care insurers could hit consumers in the wallet, Large issuers who have gotten but of the market include Fortis, which sold its LTC insurance business to John Hancock Life Insurance, and Travelers Life & Annuity, which...

Needle news.
June 1, 2000... Maine Gov Angus King and Georgia Gov. Roy Barnes have signed laws mandating the use of safety needle products. The states join California, Tennessee, Maryland, Texas, New Jersey Minnesota, and West Virginia in requiring such protection for...