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Avalere Health

Study: Nursing homes to lose $79 billion in funding

The Centers for Medicare & Medicaid Services’ 11.1% reimbursement rate cut to skilled-nursing facilities will reduce Medicare payments to the entire sector by $79 billion over 10 years, according to a new report. The regulation, which is scheduled to go into effect Oct. 1, also will reduce national economic activity by $6.75 billion in FY 2012, according to a report released Monday by research firm Avalere Health.

For-profit nursing home chains provide poorer quality of care, study asserts

Providers concerned about federal cuts, job stability

Healthcare providers are worried that the Medicare and Medicaid cuts predicted in President Obama’s FY 2012 budget will affect the quality of care offered in skilled nursing facilities, and damage the U.S. economy’s fragile recovery as well. The president’s budget is expected to be released Monday.

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