Protecting Access To Medicare Act Of 2014
Readmissions have become an increasingly urgent concern for skilled nursing facilities not only because they are traumatic for residents, but also because under the Affordable Care Act, hospitals' Medicare reimbursements have been tied to readmission rates. For the past few years, skilled nursing facilities have tried to attract referrals by showing that they can help hospitals keep readmissions low.
To reduce preventable readmissions, a healthcare business strategy expert advised SNFs to follow the logic of the infamous Willie Sutton. "Go where the money is in preventing readmissions," said Andrew M. Kramer, MD, chief executive officer of Providigm.