The trust a long-term care organization places in a person to guide and consult on its finances is no less important than the trust the residents have in the operator. A provider must be willing to invest the time to find one who is a good fit, and willing to go the extra mile to help achieve the provider's specific financial goals.
Acute and post-acute providers are increasingly uniting around a shared goal - to lower hospital readmission rates for elderly and other vulnerable patients. Many caregivers and payers agree that readmission rates are unacceptably high.
Long-term care facilities are facing new pressures as a result of the Patient Protection and Affordable Care Act. As part of the shift to integrated care, reimbursements will be linked to patient outcomes rather than the traditional fee-for-service model.
Even before the fall convention season started, providers could be pretty sure about what grand messages they were going to hear from the big guys: Work hard, produce good records, make better networking connections. But that wasn't all.
A convergence of regulatory and market influences are triggering a wave of mergers and acquisitions in the long-term care (LTC) industry. This convergence presents new opportunities and considerations for operators of all sizes. The dollar volume in LTC mergers and acquisitions jumped to $16.3 billion in 2011, up from $12.1 billion in 2010, according to The Health Care M & A Report from Irving Levin Associates, a healthcare research and information firm.