More than half of large long-term care providers said the new Patient Driven Payment Model has had a positive financial impact on their organization following the first billing cycle under the new payment model, according to a new KLAS report. 

Fifty-five percent of large provider organizations described  PDPM as having a “positive” financial impact on their organization, while 2% stated the impact has been “very positive” so far. 

“Smaller organizations [less than 500 beds] are more likely than larger organizations to say that PDPM has had a negative impact, and a few smaller organizations say it is too soon to determine what the impact will be. Some smaller organizations report being less prepared for the shift,” the report noted. 

The KLAS report surveyed skilled nursing facilities about their transition to PDPM and if the change has impacted their bottom line. 

Overall, a total of 32% of LTC providers said their EMR vendors were either very or somewhat help during the transition to PDPM, which went into effect on Oct. 1. Additionally, a total of 78% of providers described their therapy vendors as being very or somewhat helpful during the transition. 

The full report is available for download here.