Skilled Nursing News June 7, 2023
Nursing home industry experts are encouraging providers to keep a close eye on how their businesses will be impacted when Medicare Advantage penetration goes up, and to also watch for whether the federal Medicare rate adjustments for 2024 prove to be adequate.
Executives at Health Dimensions Group, a management and consulting organization that serves senior living, post-acute, and long-term care providers, went over factors that are often overlooked by providers in estimating costs, and that can ultimately prove the latest SNF reimbursements to be insufficient.
Providers have generally welcomed the Centers for Medicare & Medicaid Services (CMS) latest payment rate update to skilled nursing facility (SNF) reimbursements for fiscal 2024, which includes a net increase of 3.7%, or approximately $1.2...
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