Kissito Alerts April 01
April 2, 2009 by admin
Filed under Healthcare Alerts
Source: McKnights
Title: Credit crisis affected seniors housing in 2008 fourth quarter, NIC reports
Date: 4/1/09
- Roughly $1B in loan volume was pumped into the seniors housing and care industry during the 4th quarter last year.
- Loan performance dropped just 40 basis points compared to the same quarter in 2007.
- Capitalization rates grew from 12.75% in the 3rd quarter to 13.1% in the 4th quarter in the skilled nursing sector.
- In the assisted living sector rates grew from 9.2% to 9.3%.
Source: McKnights
Title: Sebelius faces tough questions on health care during confirmation hearing for HHS post
Date: 4/1/09
- Sebelius told lawmakers Tuesday that she would not rule out using the budget reconciliation process as a way to pass health care reform legislation.
- The reconciliation process would reduce the number of Senate votes needed to pass a measure from 60 t0 51, which would give democrats, who currently hold a 58 seat majority, an advantage.
Source: Health Care Finance News
Title: Sebelius corrects ‘minor’ tax errors, awaits confirmation hearing
Date: 4/1/09
URL: www.healthcarefinancenews.com/news/sebelius-corrects-minor-tax-errors-awaits-confirmaiton-hearing
- Sebelius told the Senate Finance Committee that her accountant found $7,000 in errors in her past 3 tax returns, which she has now paid.
Source: Health Care Finance News
Title: One third of health care providers receive no additional compensation for on-call coverage
Date: 4/1/09
- According to a new survey report by the Medicare Group Management Association, 38% of health care providers do not receive additional compensation for on call coverage.
- Historically, on-call duties have been sporadically compensated by hospitals.
-->