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Brookdale Announces First Quarter 2021 Results
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NASHVILLE, Tenn., May 6, 2021 /PRNewswire/ Brookdale Senior Living Inc. (NYSE: BKD) ( Brookdale or the Company ) announced results for the quarter ended March 31, 2021.
HIGHLIGHTS
Net move-ins and move-outs turned positive in March for the first time since the COVID-19 pandemic began and remained positive in April.
Sequentially, monthly weighted average occupancy grew slightly in March, and increased 50 basis points in April.
First quarter revenue per occupied unit (RevPOR) increased by 2.9% year-over-year on a same community basis.
All communities completed at least three vaccine clinics with a 93% resident vaccine acceptance rate. COVID-19 positive resident caseload has decreased by 97% since the peak in mid-December 2020.
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Medical practices are now beginning to encounter Medicare payment claw backs by CMS for COVID Accelerated and Advanced Payments (CAAP) and Department of Justice (DOJ) prosecution for Paycheck Protection Program (PPP) abuses.
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PUBLISHED 1:42 PM ET Apr. 16, 2021 PUBLISHED 1:42 PM EDT Apr. 16, 2021
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Here s the good news: New York hospitalizations due to COVID-19 are finally starting to show some real decline for the first time since the holiday season.
But what comes next for hospitals in New York who have been stretched to the breaking point during the pandemic?
U.S. Sen. Kirsten Gillibrand on Friday gave an indication where the discussion is going. The state s junior senator released a letter to the acting administrator at the Centers for Medicare and & Medicaid Services to request the Biden administration explore all options to help reduce financial burdnes on hospitals.
Post-COVID, hospitals seek federal support spectrumlocalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spectrumlocalnews.com Daily Mail and Mail on Sunday newspapers.