Dramatic Medicare cuts to skilled nursing facilities played a significant part in keeping healthcare spending low in 2012, the Centers for Medicare & Medicaid Services announced Monday.
In the two years since an 11% reimbursement cut hit skilled nursing facilities, providers have regrouped and have achieved modest successes, the president of the nation's largest nursing home association told his group's members Monday at its 64th annual convention.
Congress could stave off the predicted loss of 20,000 nursing home jobs by enacting a phased-in funding regulation over three years, according to one provider group.
The Medicare PPS skilled nursing facility final rule that was enacted Oct. 1 could result in 20,000 nursing home layoffs nationwide and another 20,000 jobs lost to abandoned expansion activity, according to results of a new national survey.
Have you started your COT trending analysis? On Aug. 8, the Centers for Medicare & Medicaid Services released the final ruling and commentary for the new implementation of the MDS changes set to take effect on Oct. 1. Of these many changes, I believe the most significant will be with the Change of Therapy OMRA.
The Centers for Medicare & Medicaid Services will host a national provider call Tuesday on skilled nursing facility payment changes for 2012 based on the new MDS 3.0 assessment system. Officials have called for an average 11.1% payment cut to providers, causing an uproar in the long-term care community. A huge audience at this government-sponsored call is all but ensured. Pre-registration is necessary by Monday. EDITOR'S NOTE: This session has been filled; federal officials will be coming out shortly with details about another opportunity the afternoon of Sept. 1.