News

The Costs of Clinical Risk
2/5/2016

The Costs of Clinical Risk

The nursing home industry has often been described as one of the most regulated industries in the country. This is not surprising, as nursing homes care for the most fragile individuals within the health care spectrum and are predominately reimbursed through government programs. The financial instability that can arise as a result of clinical and operational risk can affect refinancing efforts in various ways, which explains why risk management is a major area of focus for nursing home providers.

Virtual Doctor Visits Offer New Approach to Traditional Health Care
12/5/2015

Virtual Doctor Visits Offer New Approach to Traditional Health Care

As hospital leadership knows, there is no hard and fast formula for providing the best possible health care to every patient in every situation. However, with the recent onset of telemedicine, rural providers now have a dynamic new tool at their disposal that has the potential to revolutionize access to care while improving hospital efficiency and profitability.

How Seniors Housing Supply and Demand is Adjusting to Meet the Next Generation
12/4/2015

How Seniors Housing Supply and Demand is Adjusting to Meet the Next Generation

The seniors housing industry is at an inflection point. This is not simply because of the aging baby boomers, rather, because this generation has drastically different financial situations and living expectations as compared to their parents. Diminished finances, a lack of caregivers, and rising costs converge to create an unprecedented need for seniors housing at a variety of price points. As such, traditional seniors housing supply will be required to adapt to meet the needs of the new generation of seniors in the coming decade.

USDA Announces New Loan Modification Program
12/3/2015

USDA Announces New Loan Modification Program

Following the example of the U.S. Department of Housing and Urban Development (HUD)/Federal Housing Administration (FHA), the United States Department of Agriculture (USDA) is now offering note modifications—a low-cost alternative for housing owners to reduce annual debt service and thereby increase the overall financial performance of the property.

5/27/2015

Ginnie Mae Announces Change to USDA Mortgage-Backed Securities Program

Ginnie Mae has announced that starting June 1, 2015, the maximum loan amount for USDA Sec. 538 loans that will be eligible for pooling into Ginnie Mae mortgage-backed securities (MBS) will be increased from 50% of total development costs to 70% of total development costs.

Managing Risks in a Rising Interest Rate Environment
4/17/2015

Managing Risks in a Rising Interest Rate Environment

Since late 2007, the Federal Reserve (Fed) has used aggressive measures to keep interest rates low, inflate asset prices and stimulate the economy. Even though the Great Recession officially ended in September 2009, these monetary policies effectively remain in place today. Recently, however, the narrative has shifted from “if” to “when and how aggressively” rates will rise. Nonprofit organizations with investible assets and long-term debt should view this as an opportunity to manage interest rate risk.

4/8/2015

Lancaster Pollard Releases White Papers on Recent Hospital Financings

Despite the challenging environment and negative outlook detailed in the credit rating agencies’ 2014 reports, hospitals across the country are still finding ways to finance replacement facilities, expand, renovate and lower their cost of capital. In two recently released white papers, Lancaster Pollard reviews how investment grade and non-investment grade hospitals and hospital systems accessed the capital markets over the past two years to finance a variety of capital projects.

1/8/2015

Lancaster Pollard Expands Balance Sheet Funding Capabilities

Lancaster Pollard has hired Doug Korey as president of its recently launched finance company, Lancaster Pollard Finance Co., LLC. Korey will lead the national effort to expand the firm’s balance sheet financing products. 

Seniors Housing Opportunities for Hospitals
12/8/2014

Seniors Housing Opportunities for Hospitals

Community hospitals face many challenges given the dynamic nature of the health care sector today. Compressed margins, competition from acquisitive health systems, and physician recruitment and retention are just a few examples. However, community hospitals may be able to leverage some of their inherent strengths to mitigate some of these challenges through prudent investments in seniors housing within their market area.

11/24/2014

HUD's Multifamily for Tomorrow Transformation Continues

In April of 2013, the U.S. Department of Housing and Urban Development announced a restructuring plan to increase efficiencies within its Office of Multifamily Housing Programs. One aspect of that plan consists of consolidating Multifamily hubs across the country.