Skilled nursing facilities would be wise to keep its patients in their homes and out of the hospital completely. That’s why it was intriguing to hear of a new model for Medicare beneficiaries who reside in long-term care facilities.
In a flurry of activity late Friday, the Centers for Medicare & Medicaid Services announced an $850 million pay raise for skilled nursing facilities for fiscal 2019 that comes along with major simplifications to a previously pitched resident classification system.
The Centers for Medicare & Medicaid Services brought out its equivalent of a brass band and confetti machine Tuesday to tout a new provider payment strategy. One could almost hear strains of “Happy Days Are Here Again” in the background.