It should take only about 50 days to clearly understand the ramifications of nursing homes’ new Patient-Driven Payment Model, a top provider leader said.
“We’re going to know five or six weeks into it how we’re doing,” Mark Parkinson told attendees at the fall meeting of the National Investment Center for Seniors Housing & Care in Chicago in September. “We’re going to know on the therapy stuff right away because people have to report on their therapy in five days … On the revenue side, by the end of November, we’ll have a pretty decent feel for it.”
Parkinson said his group, the American Health Care Association, formed a monitoring committee to quickly analyze data.
His analysts remained “cautiously optimistic,” he said, while also reminding that there’s “just not that much fee-for-service Medicare out there,” given the other prominent pay sources.
From the October 2019 Issue of McKnight's Long-Term Care News
