Skilled nursing facilities should have the advantage against other healthcare providers in getting much needed additional COVID-19 relief funds being made available by the Department of Health and Human Services.
Skilled nursing operators are being encouraged to start analyzing their operations in order to prepare for a possible reduction in reimbursement levels if a recalibration to the Patient Driven Payment Model moves forward.
Occupancy continues to be a “pain point” for skilled nursing operators during the new year, according to the latest insights from CliftonLarsonAllen.
Skilled nursing operators would be remiss to forget about the opportunities the Patient Driven Payment Model presents during the ongoing public health emergency, according to a new industry report. Most concerning has been the largest annual decline in cash flow observed, researchers said.
Skilled nursing operators seeing steep drops in occupancy since the start of the pandemic aren’t expecting those numbers to rebound any time soon, according to one expert.
An annual report designed to help long-term care operators see how they stack up against the competition shows many are are struggling to transform data into actionable information.
