Panel: SNF care will become more of a value proposition

Share this article:
Robert Kramer
Robert Kramer

Long-term care operators will face additional pressure to improve, said William Shrank, Ph.D., chief scientific officer for CVS/Caremark, on Monday.

"Operators will have to demonstrate the value they deliver," Shrank noted. His comments came at the 2014 National Investment Center for the Seniors Housing and Care Industry Regional Conference in Boca Raton, FL.

"It's increasingly critical for operators to look at outcomes," added Kenneth Botsford, M.D., chief medical officer for naviHealth Inc.

All panelists agreed that coming changes would be especially difficult for smaller operators — who are likely to have fewer resources than larger chains.

Shrank added that the Centers for Medicare & Medicaid Services and larger insurers already are experimenting with new value-driven payment strategies, and more may be on the way.

Peter Martin, managing director for JMP Securities, predicted that many nursing homes that fail to adapt would likely be closed rather than purchased.

Panelists agreed that managed care penetration would continue to grow in the years to come, despite variances across states.

"States love managed care because it's more predictable,” said Dan Mendelson, CEO of Avalere Health LLC and the session's moderator.

NIC President Robert G. Kramer noted this is a time of dramatic change in the skilled care sector. He cited four catalysts: healthcare reform, consumer preferences and demands, innovation and technology, and access/affordability. The conference continues through today.

Share this article:

More in News

Breier named new CEO at Kindred

Breier named new CEO at Kindred

Kindred Healthcare announced Thursday that it has chosen a new top executive to lead its push toward creating a mammoth national brand. Benjamin A. Breier, the company's current president and ...

Proposed managed care rule could accelerate shift away from nursing home care, official suggests

Proposed managed care rule could accelerate shift away ...

Proposed regulations slated for early 2015 likely will affect how Medicaid managed care balances home- versus facility-based long-term care, news sources reported Wednesday.

Assisted living residents say 'homelike' setting not so important

Contrary to conventional wisdom, assisted living residents might not place a high value on how "homelike" their surroundings are, suggest findings out of St. Catherine University in St. Paul, MN.