Industries: Skilled Nursing & Long-Term Care
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How to Prepare for Your Initial HUD Section 232 Audit
You’ve signed scores of forms for your HUD refinancing, and you now have a HUD Section 232 mortgage on your nursing home property. Before you…
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HUD Introduces Express Lane for Section 232 Applicants
Streamlined review process available to high-performing operators HUD recently rolled out a new Express Lane option for certain Section 232 mortgage insurance applications a…
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Now That I Have a HUD Section 232 Mortgage, What’s Next? Part 2
The August 2024 edition of Pease Bell Journal included Part 1 of this article, which discussed issues related to monthly lease payments, bank accounts,…
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Now That I Have a HUD Section 232 Mortgage, What’s Next?
Now That I Have a HUD Section 232 Mortgage, What’s Next? As was discussed in an April 2024 article, HUD Section 232 for Leased…
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The Advantages of a HUD-insured Mortgage for your Leased Nursing Home
A common challenge leased nursing homes encounter is five-year commercial mortgage balloons. This results in significant expenses every five years to extend or replace…
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Implementation of ASC 326 (Credit Losses) for Healthcare Entities
OVERVIEW In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, “Measurement of Credit Losses on Financial Instruments”, which…
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Related-Party Loans and Advances: Considerations for Operations and Reporting in the Healthcare Industry
Related-party financing and advances to and from affiliates are commonplace in the health care industry, especially within the skilled nursing industry as well as…
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Centers for Medicare and Medicaid Services’ (CMS) New Long Term Care Facility Staffing Requirements
On September 1st, 2023, CMS proposed the Minimum Staffing Standards for Long-Term Care (LTC) Facilities and Medicaid Institutional Payment Transparency Reporting rule. This rule…
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Treasury Carves out Special Rule for Nursing Homes for Interest Deduction
Good News! On July 27, Treasury issued final regulations on the interest deduction limitation. Nursing homes and other residential care facilities were specifically granted…
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Pease, CPAs Appoints Kuno Bell as Managing Partner
Cleveland, Ohio (July 9, 2019) – Pease & Associates, CPAs (Pease), a premier Cleveland-based CPA firm serving Cleveland, New York, New Jersey, and California…