Legislature extends AB 1629 SNF (Skilled Nursing Facility) funding
Legislature extends AB 1629 SNF funding CAHF advocacy achieves stable reimbursement After months of advocacy, CAHF is pleased to announce that the Legislature late on Aug. 31 passed Assembly Bill 1489, the trailer-bill legislation extending the authorization of AB 1629 for Medi-Cal skilled-nursing facilities. Passage of the measure in the final minutes of the legislative session is a significant accomplishment …
California best in three QMs SNFs score high in new CMS analysis
With the redesigned Nursing Home Compare website going live today, a new analysis of data ranks California skilled-nursing facilities as best in the nation in three quality measures California SNFs scored better than every other state in preventing weight loss and depression, and residents in California facilities showed the least amount of decline in their activities of daily living. In addition, California …
Budget signing defers AB 1629 skilled-nursing providers to be voted on in August
Gov. Jerry Brown on June 27 signed enabling legislation for most of the 2012-13 state budget – but Assembly Bill 1629 skilled-nursing providers will have to wait until the Legislature returns Aug. 6 from its summer recess for action on separate legislation embodying CAHF’s successful efforts to mitigate current reimbursement cuts while also improving caregivers’ outlook for the future. CAHF’s …
CAHF Budget Advocacy has Positive Impact
CAHF Budget Advocacy Has Positive Impact Legislative deadline looms With the deadline June 15 for the Legislature to pass a state budget, CAHF’s negotiating and lobbying efforts appear to have made headway in mitigating current cuts while also improving the financial outlook for CAHF members in the future. The governor’s May budget revision originally proposed a permanent skilled-nursing facility quality-assurance …
Governor Issues May budget Revise: CAHF Begins Analysis
As reported in e-mail alerts to CAHF members, Gov. Jerry Brown released a 2012-13 state-budget proposal May “revise” Monday, May 14, including additions and deletions from the governor’s initial January budget in order to bridge a projected deficit that has grown from an estimated $9 billion in January to $16 billion today. Although the state continues to fund repayment to …
CAHF Analysis Begins as Governor Releases May 2012-12 Budget Revised
CAHF ANALYSIS BEGINS AS GOVERNOR RELEASES MAY BUDGET ‘REVISE’ Gov. Jerry Brown released a 2012-13 state-budget proposal May “revise” Monday, May 14, including additions and deletions from the governor’s initial January budget in order to bridge a projected deficit that has grown from an estimated $9 billion in January to $16 billion today. Although the state continues to fund repayment …
JR Capital at 2011 Annual CAHF Convention and Expo
At the 2011 Annual CAHF Convention and Expo, JR Capital had the opportunity to meet other attendees who were pleased to learn of our products and services; particularly at this time of budgetary uncertainty. when they dropped by our booth. Thank you to the wonderful staff who made it a great experience for us. We are looking forward to …
JR Capital Launches New Program that Specifically Addresses Coming to the Aid of SNF Owners
JR Capital has worked alongside some of the most knowledgeable individuals involved in the healthcare industry. When the State announced new budget cuts and reduced reimbursement rates, it became clear that facilities and facility owners were going to suffer and lose even more. As a result of all of this, JR Capital launched a new program that specifically addresses coming …
Financing for Nursing Homes in Difficult Times
Author: Michael Lesnick from Axiom We are writing this article because a growing number of our clients have expressed concern over the current reimbursement situation in the State of California. Specifically, they have expressed concerns over the 10% cut back that the state intends to implement on Medi-Cal rates. The state passed a law almost a year ago that requires …
Waiting to seek financing until after the need to borrow has already developed can be disastrous for the nursing home provider!
Please examine your situation immediately and, even if you do not think you need help right now, please begin today to arrange for the financing you will need in an emergency situation or in the situation where the state holds money for longer than you expect them to hold your money. We do not have a magic wand (and we …
