Minnix: Providers need to innovate to stay in business

Share this article:

The current policies of the Affordable Care Act push innovation, which is crucial to the success of the long-term care industry, LeadingAge President and CEO Larry Minnix told McKnight's.

“We have to look at their policy objectives, not their politics,” he said of the presidential candidates during an interview McKnight's Editorial Director John O'Connor at LeadingAge's national convention this week. That said, the Romney-Ryan plan would push cuts for “important programs for our members,” specifically Medicaid and low-income housing, whereas the ACA has avenues for long-term care reform that would include accountable care organizations and bundled payment.

“We're telling our members ‘get to the table,” he said of ACOs. “You'll either be a bundler or a bundlee. Get in the game.”

Minnix added that innovations such as Green Houses and neighborhood models of nursing home of care are the products of nonprofit innovation.

“It's not widely known that the not-for-profit sector tends to be the sector that produces innovative ideas because they're not profitable,” Minnix said, adding that LeadingAge members “are the crucibles of innovation.”

Share this article:

More in News

Antipsychotics reduction goal is 25% by end of 2015, CMS and provider groups announce

Antipsychotics reduction goal is 25% by end of ...

Long-term care providers are being asked to reduce the use of antipsychotic medications among residents by 25% by the end of 2015, and 30% by the end of 2016. Providers ...

CDC issues new guidelines on pneumococcal vaccine, says LTC flu vaccination rates remain low

CDC issues new guidelines on pneumococcal vaccine, says ...

Long-term care workers continued to have low rates of flu vaccination last season, despite there being 92% vaccination coverage overall among physicians and nurses, the Centers for Disease Control and ...

AL operators accused of withholding $2M in unpaid overtime, minimum wages ...

Four California assisted living operators are facing eight felony charges related to wage theft, tax and insurance violations, according to local reports.