The pandemic has intensified many of the pressures the senior living sector was already facing, including declining census, and workforce, regulatory, and reimbursement challenges. Many senior living facilities saw their revenues decline as occupancies decreased while at the same time contending...
The Medicare Accelerated and Advance Payments Program (MAAP) allows the Centers for Medicare and Medicaid Services (CMS) to accelerate payments to Medicare providers and suppliers to help offset financial losses due to a disruption in claims processing or during a public health emergency such as...
Many healthcare companies, both for-profit and nonprofit, are facing increasing financial distress, causing many of them to seek relief under Chapter 11 of the U.S. Bankruptcy Code to restructure their financial obligations, sell substantially all of their assets, or implement an orderly plan of...
Senior housing is vast sector of the healthcare industry consisting of numerous providers, both taxable and tax-exempt, ranging from independent living housing to skilled nursing homes to comprehensive life plan communities and just about everything in between. Operators and capital sources have...
During the summer of 2021, the United States began to tentatively emerge from the COVID-19 pandemic, a dynamic that was supported thanks to hospitals nationwide benefiting from payments received in accordance with the Coronavirus Aid, Relief, and Economic Security (CARES) Act. As of April 2021, an...
In every crisis, there are many unsung heroes. As we’ve watched the pandemic affect so many lives, our admiration, thanks, and gratitude to our healthcare, medical, and scientific professionals are tremendous. As our medical system shifted to focus on fighting this pandemic, it showed us both the...
As we start to see the light of a post-pandemic world, we continue to navigate the choppy waters of certain uncertainty. The articles on healthcare in this issue of the JCR highlight much about a troubled sector and address issues related to what is on the horizon for the restructuring community...
Last year, when I sat down to write the guest editor’s column for the 2020 healthcare issue, we were reeling from a pandemic that not only was straining our already overtaxed healthcare system but also exacerbating the socio-political fissures that have dominated headlines, created misinformation,...
