News - Part 2
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
New Avalere Health Analysis Details State Impact of “Bad Debt” SNF Medicare Funding Cuts
FL, OH, IL, PA, NC, LA, IN, TN, GA, NJ Skilled Nursing Facilities Take Biggest Medicare Funding Hit Resulting From Passage of Middle Class Tax Relief and Job Creation Act of 2012 Washington, DC – A new Avalere Health analysis detailing the negative impact on Skilled Nursing Facilities (SNFs) resulting from so called “bad debt” provisions passed in the Middle Class Tax Relief and Job Creation Act of 2012 finds facilities in Florida, Ohio, Illinois,
Alliance Urges MedPAC to Recognize Medicare-Medicaid Funding Link as Study Details Razor-Thin SNF Margins
As MedPAC Meets Today to Consider SNF Medicare Funding, Alliance Urges Caution as Facility Job Losses, Threat to Patient Care Proliferate Washington, DC – Concurrent to a new independent study finding the nation’s second largest health facility employer is already surviving on razor-thin operating margins, the Alliance for Quality Nursing Home Care (Alliance) today urged the Medicare Payment Advisory Commission (MedPAC) to make Medicare funding decisions based upon the significant, documented underfunding of Skilled Nursing
A Proposal to Improve Our Nation’s Financing System to Meet Seniors’ Long Term Care Needs
Executive Summary Reform, Planning, New Benefits: The Right Proposal at the Right Time Overview. As the first baby boomers turn 65, the cost of long term care (LTC) and post-acute care expenditures (care following a hospital stay) will continue to increase dramatically. In fact, this sharp increase is predicted to continue for the next fifty years—due to the aging baby boom generation. Both federal and state budgets are facing enormous financial pressures from this cost
New Economic Impact Study: Obama Administration Implementation of Bush-Era Medicare Regulation Will Cost U.S. $2.5 Billion in Business Activity, Cut Over 30,000 Jobs
AHCA, Alliance Warn Sizable Job Losses in Key Economic Sector Undermines Obama Administration’s Economic Stimulus Objectives, Contrary to Broader Health Reform Goals Washington, DC — In releasing a new economic impact study detailing the importance of the skilled nursing facility (SNF) sector to the nation’s economic activity and employment base, leaders of the American Health Care Association (AHCA) and Alliance for Quality Nursing Home Care today warned implementation by the Centers for Medicare and Medicaid