Weathering the Storm: Glimpses of the COVID-19 Frontlines from Skilled Nursing Operator Steve Forte

Please welcome Steve Forte, Senior Executive and attorney with specific expertise in the long term care, senior housing and related and ancillary health care industries, focusing on (i) commercial real estate leasing, financing, purchase and sale, (ii) corporate financing transactions related to the acquisition and operation of , and (iii) management and operations of senior housing & long term care facilities nationwide.

The COVID-19 pandemic is exposing our healthcare system and our industry to be very fragmented. So what have you seen in the evolution of senior living over the last 30 years? Are the nursing homes shaped solely by government reimbursement? Is that adequate in providing the quality of care for someone with the acuity profile?

Today, nursing and rehabilitation facilities are funded through four sources. Medicare, Medicaid, Quality Assurance Assessment Program and Patient Pay. Medicare Part A is skilled nursing facility care. It's provided to recipients in need of skilled healthcare services that are rehabilitative or restorative. In the current regulatory system, is it more reactive and is it servicing the flaws in the midst of the current situation?

Steve's Specialties: Transactions in the Real Estate, Corporate Finance, Structured Finance, Health care, and Long Term Care/Senior Housing industries.

Steve's Links:

LinkedIn: https://www.linkedin.com/in/stevelaforte/

Twitter: https://twitter.com/SteveLaforte

Company Website: https://www.cascadiahc.com/