Category: General
Survey Content
Avalere Health, LLC fielded a survey between October 3 rd and October 17th among members of the Alliance for Quality Nursing Home Care and other providers of nursing facility care. The survey contained questions regarding: » Actions facilities plan to take in response to the payment reduction in the FY 2012 SNF final rule » Changes that facilities made in response to the implementation of MDS 3.0 and RUG-IV There were 292 complete responses, representing at least 2,932 facilities
Care Context SPRING 2012
Impact of Payment Reductions on Nursing Facilities Payment Cuts leading to Nursing Facility layoffs and Cancellation of New Jobs AS PART OF THe “middle Class Tax Relief and Job Creation Act of 2012” passed in February, Congress cut medicare payments to nursing facilities by reducing reimbursement for so-called medicare “bad debt” – medicare co-payments not made by beneficiaries or state medicaid programs. Facilities have no legal avenue to collect bad debt from state medicaid agencies. This cut comes on the heels of an
An Evaluation of the Basic Method in Nursing Home Ranking Systems
Comparing Nursing Home Quality And Performance: An Evaluation of the Basic Method in Nursing Home Ranking Systems Introduction Selecting a nursing home to provide care for oneself or a family member can be a difficult decision. In an effort to assist consumers in evaluating the quality of nursing facilities, the Centers for Medicare & Medicaid Services (CMS) developed a database providing detailed information about current and prior performance of Medicare and Medicaid certified nursing homes throughout the United States.
Care Context JANUARY 2010
Rehospitalizations From Skilled Nursing Facilities A Multifaceted Issue That Calls for Innovative Policy Solutions Introduction THERE IS BROAD INTEREST in improving the quality and efficiency of the health care system in the United States. Policymakers are increasingly focused on the rate of rehospitalizations as an area for potential improvement.1,2 An estimated one-fifth of Medicare beneficiaries who are discharged from the hospital are readmitted within 30 days. Ninety percent of those admissions are unplanned, and they cost Medicare an estimated $17.4 billion in 2004.3,4 In addition
Update to Payer-Specific Financial Analysis Of Nursing Facilities
Purpose To update The Lewin Group payer-specific financial analysis (released in March 2002) of the nursing facility industry using data collected from a purposive sample of providers . The prior study determined how a change in Medicare payments, related to the skilled nursing facility (SNF) prospective payment system (PPS) and the potential removal of the BBRA/BIPA add-on provisions, would affect responding nursing facilities’ Medicare and total margins. Read More
Payday Lending Gains Favor Among Michigan Elderly Borrowers
Several microfinance institutions recorded an increase in the number of clients of retirement age in Michigan. Pensioners do not have enough money for current expenses, and banks are in no hurry to issue loans to older customers. Pensioners are increasingly turning to microfinance organizations for loans. This conclusion was introduced in Banking and Credit Union Corporate Activity Reports that analyzed the activity of older clients in the period from January to September 2022 compared to
Can An Elderly Person Get a Loan? Guide for Seniors
If an elderly person suddenly needs money, a loan for seniors is often the only way out of this situation. Indeed, these people belong to the most vulnerable social category. Yes, a pension is a permanent income. But, in most cases, its size makes it possible only to pay for utilities and buy groceries. Most seniors do not have savings. The situation is aggravated by the fact that most financial institutions are hesitant about providing
New 50 State Avalere Analysis: U.S. Nursing Home Sector Projected to Face $65 Billion in Cumulative Medicare Funding Reductions Over Next 10 Years; Nearly $4 Billion 2013-2014
Federal Policies Since 2009 Push Key U.S. Health Sector to Brink of Operational Viability; AQNHC Using August to Educate Senate, House Candidates on Threat to Local Seniors, Staffing Washington, DC – A new 50 state Avalere data analysis projects the U.S. nursing home sector and its patients face a staggering $65 billion cumulative reduction in Medicare funding over the next ten years as a result of several different federal budgetary actions and regulatory changes made
New Analysis of U.S. SNF Sector: Margins, Access to Capital Reaching Critical Condition
One-Third of SNF Providers at Zero Total Margins or Net Loss – Even Before Sequestration Impact Washington, DC – A new analysis of the U.S. skilled nursing facility sector’s (SNF) total margin performance and access to capital finds the nation’s second largest health facility employer struggling under the growing weight of ever-lower profitability, tighter access to capital, a constriction of Medicare and Medicaid payment rates, and an overall environment that may place the sector’s ongoing
Avalere Finds SNFs Face Still More Medicare Cuts Due to Fiscal Cliff Package
New Multiple Procedure Payment Reduction (MPPR) Disproportionately Impacts Skilled Nursing Facility (SNF) Sector, Already Slated to Absorb $65 Billion Medicare Reductions Over Ten Years Washington, DC – The Alliance for Quality Nursing Home Care (AQNHC) today released new data from Avalere showing that provisions contained in the fiscal cliff package (ATRA) will further reduce Medicare payments for skilled nursing facility (SNF) care – adding to the $65 billion in SNF Medicare reductions already scheduled to