Skilled Nursing News August 20, 2024
When looking at the 4.2% Medicare increase in the Skilled Nursing Facility Prospective Payment System (SNF PPS) for 2025, some leaders in the space wonder if the rate calculated has been inadequate considering inflation, labor woes, and funds needed to meet the federal staffing mandate. Some even argue that rate increases are so far behind actual costs that a complete overhaul is needed to meet existing and future costs of care.
Notably, the forecast error adjustments have been pretty conservative when it could be an easy fix, said Brian Ellsworth, VP of public policy and payment transformation at Health Dimensions Group (HDG), told Skilled Nursing News. All the while, operators are increasing wages by 6% to 8% while reimbursement is...
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