Skilled Nursing Woes, Disruption Create Senior Living Opportunities

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The federal government is temporarily increasing Medicaid funding by 10 percentage points, and states could use some of these dollars to support nursing facility conversions to assisted living.

That’s according to a May 13 letter from the Centers for Medicare & Medicaid Services (CMS). The letter included a list of acceptable uses for the increased funding under the American Resue Plan, which is meant to boost home- and community-based services (HCBS).

Whether states will allocate any of this money for assisted living conversions is an open question, but the federal government is clearly pushing to remake the senior housing and care system to de-emphasize nursing homes. And this is only one of several disruptions facing the skilled nursing sector.

The post Skilled Nursing Woes, Disruption Create Senior Living Opportunities appeared first on Senior Housing News.

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